PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: Safran Group

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Safran and AVIC Signed An Agreement on the Creation of A Joint Venture in the Field of Turboprop Engine - Safran and AVIC signed, through their respective companies Snecma and SAIC, a framework agreement on the creation of a common entity in China in the field of turboprop engine for commercial aircraft - AVIC.com / Safran-Group.com
Safran and AVIC Signed An Agreement on the Creation of A Joint Venture in the Field of Turboprop Engine

 

NewswireToday - /newswire/ - Zhuhai, China, 2014/11/11 - Safran and AVIC signed, through their respective companies Snecma and SAIC, a framework agreement on the creation of a common entity in China in the field of turboprop engine for commercial aircraft - AVIC.com / Safran-Group.com. PAR: SAF | SAFRAN

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The aim of this cooperation is to design, test and produce power turbines and flame tubes for the two parent companies. This agreement was signed by François Planaud, Snecma (Safran) Vice President & General Manager Commercial Engine Division and Peng Jianwu, Chairman of SAIC (AVIC), with the presence of Maurice Gourdault-Montagne, Ambassador of France in China; Bruno Cotté, Executive Vice President-International of Safran; and Li Fangyong, Executive Vice-President of AVIC.

Snecma and SAIC will hold respectively 50% of total stock right in this new common entity located in China, which will hire around fifty specialized engineers (most of them will be recruited locally), meanwhile, this new entity will have facilities of design, testing and production.

After the announcement of this project and the signature of the Memorandum of Understanding (MoU) in March 2014, presented by the President of the French Republic, Mr. François Hollande and the President of the People’s Republic of China, Mr. XI Jinping, therewith the signature of the Memorandum of Agreement (MoA) in July 2014, this signature marks a crossing of a new stage for the cooperation between these two groups.

The agreement has, moreover, extended the partnerships established over 30 years among Safran, AVIC and other companies of aviation industry and of Chinese civil aviation. It completes particularly the agreements signed in the past: such as Ardiden 3C / WZ16 (developed through the cooperation between Safran Turbomeca and AVIC Dong’An); COMAC ARJ21 Program (flight control restitution system supplied by Sagem) and C919 program (equipped with LEAP engine of CFM International*, nacelle of Nexcell*• and wiring systems of Labinal).

This signature strengthens also years’ partnership in the academic sector through university cooperation, and further exchanges and joint seminars will be continued between Safran University and AVIC subsidiaries.

During the signature ceremony, Bruno Cotté appreciated, on behalf of Safran, this new step which increases the momentum of cooperation with AVIC, in line with the strategic agreement signed between these two groups in 2010. Li Fangyong, on behalf of AVIC, said that this cooperation is a breakthrough and witnesses once again decades of the friendly cooperation relationship between China and France in aviation, which laid a solid foundation for the new generation turboprop’s research and development for both sides.

* The LEAP engine is a product of CFM International, a 50/50 joint company between Snecma (Safran), France and GE, USA.
** Nexcelle is a 50/50 joint venture of Aircelle (Safran) and Middle River Aircraft Systems (GE Aviation).

About Safran
SAFRAN (safran-group.com) is an international high-technology group, leading supplier in the fields of Aeronautics and Space (propulsion and equipment), of defense and of security. With presence on all continents, the Group employs 66,300 people for a turnover of € 14.7 billion in 2013*. Composed by several companies, Safran holds, alone or in partnership, leading position of global or European markets. In order to respond to the changes of market, the Group engages in research and development programs which in 2013 accounted for an expense of 1.8 billion euros. Safran is listed on Euronext Paris and is part of the CAC 40 index.

*Turnover in 2013 adjusted for IFRS11 impacts amounted to € 14.4 billion.

About AVIC
Aviation Industry Corporation of China (AVIC), a large state-owned enterprise in China and the main force of Chinese aviation industry, is one of the most important members in the world aviation industry. AVIC (avic.com) has the different industrial divisions such as aeronautic equipment, transporter, aero engine, helicopter, airborne equipment and system, general aircraft, aerospace research, trade logistics, assets management, engineering construction planning and automobile industry, etc., with more than 200 subordinate units, over 20 listed companies and around 400,000 employees. AVIC ranks No. 178 on Fortune Global 500 companies of the Fortune Magazine in 2014. China National South Aviation Industry (Group) Limited Corporation (SAIC)is the main turboshaft and turboprop manufacturing unit of aero engine division in AVIC.

Press contact: Caroline COUDERT
T: +33(0)1 40 60 82 20 - E: caroline.coudert[.]safran.fr.

LIU Xiaojia
T: +86 10 58 35 49 65 - E: liuxiaojia[.]avic.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Safran Group

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Safran and AVIC Signed An Agreement on the Creation of A Joint Venture in the Field of Turboprop Engine

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Safran Group | AVIC
Publisher Contact: Catherine Malek - Safran.fr 
+33(0)1 40 60 80 28 catherine.malek[.]safran.fr
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Safran Group securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Safran Group / Company Profile


Read Energy Most Recent Related Newswires:

ENGIE and AES Andres Leverage Core Strengths to Provide Reliable and Competitive LNG Supply in the Caribbean
Power Costs, Inc. (PCI) and GE Power Collaborate to Link Energy Operations with Energy Trading for End-to-End Machine to Market Software Solutions
GE Oil & Gas Signs Agreement with TAG GmbH to Install New Tuning Maintenance (TUMAS) Software on Entire Fleet of Gas Turbines
ENGIE Announces Two New Major Collaborations to Foster New Innovative Green Gas Production Methods Across Europe
Enel Inaugurates Apiacás Hydropower Complex in Brazil
Steam and Gas Turbine Manufacturers Realign Strategies to Harness Growth Opportunities within Clean Power Generation
Enel Starts Construction of Peru’s Largest Solar PV Plant
GE and Maersk Drilling to Pilot Marine Digital Transformation
SolarWinds to Join the Discussion on Interoperable IT Management for Defense Forces at AFCEA’s TechNet Asia-Pacific 2016
BP and GE Launch New Offshore Digital Technology with Plans to Deploy Globally
GE Digital Acquires ServiceMax to Extend Predix and Analytics Across Field Service Processes
GE Digital Launches Collaborative App Development Program to Expand Digital Industrial Ecosystem
Voith Awarded A Prestigious Automation Contract for Two Norwegian Hydropower Plants
Joint Wind Farm Pilot Project by ENGIE, EDP Renewables, La Caisse Des Dépôts, Eiffage/Principle Power, GE Selected from Call for Floating Wind Turbine
Enel Starts Operating Two New Wind Farms in Mexico

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  NAKIVO, Inc.





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)