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China's Aero Engine Corporation secures credit for expansion drive

Feb 9,2017

The Aero Engine Corporation of China (AECC) - the country's newest defense industrial enterprise - has entered a finance agreement with the China Development Bank (CDB) to gain access to credit to support industrial expansion, it has been announced.

In a statement on 30 December, the State Administration for Science, Technology and Industry for National Defense (SASTIND) - the Chinese government body responsible for defense industrial development - said the deal would cover a range of activities undertaken by AECC as it seeks to become a major aero-engine manufacturer.

These include major AECC research and development projects, infrastructure development, civil-military integration programs, as well as manufacturing activities, said SASTIND.

Aero Engine (Group) Corporation of China (AECC) is a company established for the development of China's domestic aviation engine.  Chinese Government treat aero engines and gas turbines industries as priority of ¡®13th Five-Year Plan¡¯ strategy especially priority of technological innovation, it is undoubtedly well-meaning and a long-term layout. And also, based on 'Made in China 2025', which lists the manufacturing of aero engines as top three topics.

Under this background, Chinese Society of Aeronautics and Astronautics will hold
China Aerospace Propulsion Technology Summit 2017 to promote the development of aerospace propulsion technology, providing strong technical support for aero engine industry. On behalf of the organizing committee, we sincerely invite you to this year¡¯s CAPTS which will be held in Shenyang, on May 24th - 25th, 2017, to discuss aero engine new R&D and manufacturing trends. Hope the CAPTS series activities can bring you the maximum value.

To figure out more, please do not hesitate to contact Olivia Liu,
Marketing@galleon.cc

News Source: Janes

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