China Aerospace News 2020-06-01
On May 18, Tianjin Aviation Electromechanical Co., Ltd. and local government of Jinghai district, Tianjin city held a signing ceremony of investment and settlement of AVIC Surface Treatment Technology (Tianjin) Co., Ltd. In Jinghai district, Tianjin city.
According to Chairman of Tianjin Aviation Electromechanical Co., the surface processing capacity belongs to one of the core competences in the aviation manufacturing industry. In the face of dispersion, small scale, ununified standard of surface processing capacity of the subsidiaries of AVIC group, the latter plans to realize overall planning and centralized construction of the surface processing industry. Tianjin Aviation Electromechanical Co., actively undertakes the development strategy of the AVIC group company to improve the surface treatment ability so as to serve the aerospace enterprises in north China by establishing the basic production service supply chain system, and to provide the optimal and low-cost basic common production service for the whole industry.
The project adopts the mixed ownership development model. Tianjin Aviation Electromechanical Co., Ltd., aerospace financing fund led by AVIC Capital and Tianjin Tqm Feiyue Aviation Equipment Technology Co., Ltd. invested a total of 80 million yuan to set up a new joint venture company and establish a modern corporate governance mechanism.