이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Hanwha Techwin, P&W to jointly run aircraft engine parts factory in Singapore
- Collected
- 2016.09.23
- Distributed
- 2016.09.26
- Source
- Go Direct
The purchase will allow Hanwha Techwin to partake in the management of the engine parts production facility operated by a major global engine manufacturer, a move that is expected pave the way for the Korean aerospace engine parts maker to grow to a globally leading aircraft engine manufacturer.
Hanwha Techwin said in a regulatory filing on Thursday that it has decided to buy a 30 percent stake, or 6.3 million shares, in PWMS as part of a deal with P&W to co-manage now a joint venture that produces and manages engine parts for aircrafts.
Following the stake purchase deal, the joint venture will supply high-pressure turbine engine parts to P&W until 2056, which are estimated to value about $4.5 billion. But both parties agreed not to disclose the acquisition value.
The latest deal has also given Hanwha Techwin the right to purchase the remaining 70 percent stake in the joint venture held by P&W after 2023. If the Korean company is able to raise enough funds, it is expected to take full ownership of the joint venture.
An unnamed official from Hanwha Techwin said that if the company acquires the rest of the stake after 2023, it would be able to raise up to $10 billion in sales from the supply of components to P&W.
By Kim Jung-hwan
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]