FACC set up a plant in Russia

According to the "Economics" news, FACC has established a new plant in Kazan, Republic of Tatarstan, Russia. The plant is FACC and Aerocomposit, which are controlled by XAC Group (a subsidiary of the Russian United Airlines Group, which mainly manufactures Sukhoi regional aircraft. ) Established joint venture. The first phase of the investment amounted to 55 million euros, which started in November this year. In the previous period, FACC held a 24% stake, and then it plans to increase to 40%. Aerocomposit holds 51% shares and the Tatarstan government holds 9%. The joint venture first produced composite materials for the Sukhoi regional aircraft Super 100 model aircraft wings and tail fins, and gradually provided related products for other Russian aircraft. FACC is a supplier of Boeing and Airbus, and is now committed to becoming a partner in the Russian aviation industry.