Business : GKN Aerospace invests RM160 mln to set up repair facility in Johor

5 days ago

ISKANDAR PUTERI, Sept 22 (Bernama) -- GKN Aerospace, a all-around tier-one aerospace supplier, has invested about RM160 million (US$35 million) to set up an aero-engine genitalia adjustment ability at Nusajaya Tech Park in Johor.

GKN Aerospace Engines Systems admiral Joakim Andersson answered the facility, which is a absolutely endemic GKN Aerospace business, is an amplification to Asia which served as an basic allotment of the company’s abiding advance action and all-around operating model. 

“The ability is commutual to GKN Aerospace’s absolute basic adjustment ability in El Cajon, California, to accommodated growing appeal in the Asia Pacific region.

“The accepted aggregation of 90 advisers will abound to 150 operators in 2023 and further aggrandize to 300 aural bristles years as GKN Aerospace is accouterment on-site training for employees,” he informed a columnist appointment actuality today.

The media appointment was in affiliation with the admirable aperture of the facility which was once officiated by Deputy International Trade and Industry Minister Datuk Lim Ban Hong.

Also present was once Johor Investment, Trade and Consumer Affairs Committee chairman Lee Ting Han.

Andersson answered Johor offered favourable altitude in the areas of business development, labour, apprenticeship and training and basement and an excellent area about to the company’s main barter in the Asian Pacific region.

GKN Aerospace now operates seven accessories in Asia, carrying aerostructures, agent systems, base systems and transparencies in China, India, Malaysia and Turkey. 

“By the time all sites are absolutely up-and-running, all over 15 per cent of GKN Aerospace’s advisers are accepted to be based in Asia,” he said.

Currently, the aggregation active 15,000 advisers in 12 altered countries.

Meanwhile, the Ministry of International Trade and Industry, in a abstracted statement, answered the government would abide to facilitate the advance of the aerospace industry in compliance with environmental, amusing and babyminding (ESG). 

It answered the National Investment Aspirations (NIAs) animate beat technology and high-value investments which are ESG adjustable and are capital to revitalising Malaysia’s advance altitude to allure high-quality investments and actualize advantageous jobs.

“The advance of GKN Aerospace to authorize its aero-engine ap adjustment ability is an archetype of high-value aerospace advance answer beneath the NIA. 

“Such investments will advanced the assembly aggregate of further circuitous aerospace products, beat casework and analysis and development activities which will enhance Malaysia’s aerospace productivity, consign achievement and bread-and-butter diversity,” it added.

Between 2015 to 2021, MITI answered a absolute of RM10.2 billion value of investments were secured, alms 5,805 high-skilled job opportunities, which contributed to the bit-by-bit enhance in aerospace income and export.

“The industry generated anniversary income of RM12.2 billion in 2021, accurate by 26,000 abstruse workforces. The consign of aerospace genitalia and ap grew 11 per cent to RM5.79 billion compared to 2020. 

“Based on conclusive developments aural the industry, it is advancing which the Malaysian aerospace industry will ability its pre-pandemic levels by year-end,” the admiral added.

-- BERNAMA


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