Airbus has announced plans to increase its stake in China’s Harbin Hafei Airbus Composite Manufacturing Centre (HMC) to 25% from its current 20% shareholding.
HMC, set up in late 2009, is a joint venture between Airbus China (20%), Harbin Aircraft Industry Group (50%), Hafei Aviation Industry (10%), AviChina Industry & Technology (10%) and Harbin Development Zone Infrastructure Development (10%).
Airbus has decided to increase its stake in HMC - which manufactures elevators, parts and components for Airbus’ single-aisle aircraft and the A350XWB - and increase the company’s manufacturing remit.
“Following the agreement, the HMC will increase the production of A320 rudders from 50% of the total production worldwide to 80%. The two parties will also work toward ensuring the ramp up of the A350 XWB work packages at the HMC and also commit to exploring other opportunities,” Airbus said in a statement.
Airbus COO Gunter Butschek said the deal underlines Airbus’ commitment to the joint venture.