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FACC to Build Construction Plant in Russia
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.…
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