FACC to Build Construction Plant in Russia

IndustrialsIndustrial Goods ♦ Published: August 18, 2011; 15:09 ♦ (Vindobona)

The Upper Austrian aircraft component manufacturer and its Russian partner invest a total of € 55m in Kazan. The new plant will supply components for commercial aircraft starting from 2013.

FACC to Build Construction Plant in Russia / Picture: © FACC

FACC AG and Russian Aerocomposit, a unit of Moscow-based United Aircraft Corporation, have agreed to establish a joint venture for the construction of a plant in Kazan, the capital of the Russian Republic of Tatarstan.

The Upper Austrian component manufacturer, whose 1,582 employees achieved revenue of € 271.8m last year, will at first hold a 24% stake in the common company.…