China launches state-owned aircraft engine maker

[艹艹艹]

China launches state-owned aircraft engine maker
The new company, called China Aero-Engine Group and with 96,000 employees, will focus on designing, manufacturing and testing of aircraft engines

Kevin Yao

Beijing:China has set up a state-owned aircraft engine maker with registered capital of 50 billion yuan ($7.50 billion), state television said on Sunday, in the latest bid to develop home-grown, high-tech capacities to compete in international markets.

The government has been overhauling its state-owned sector to push Chinese products and services up the value chain. Under that drive, it has prioritised aircraft engines, high-speed rail and nuclear power as areas it wants China to excel.

China’s cabinet, Beijing municipal government, the Aviation Industry Corp of China (AVIC) and Commercial Aircraft Corp of China are investors of the new company, it said.

The new company, called China Aero-Engine Group and with 96,000 employees, will focus on designing, manufacturing and testing of aircraft engines, the report said, adding that it will be of “great significant for the future development of China’s aviation industry”.

In March, state-owned AVIC said it was finalising a 129 billion yuan merger of its aircraft engine businesses, in a move to create a giant that could eventually compete with the likes of United Technologies Corp’s aircraft engine maker Pratt & Whitney.

 

[salarsikander]

http://www.livemint.com/Industry/4W...aunches-stateowned-aircraft-engine-maker.html

China launches state-owned aircraft engine maker
The new company, called China Aero-Engine Group and with 96,000 employees, will focus on designing, manufacturing and testing of aircraft engines

Kevin Yao

China’s cabinet, Beijing municipal government, the Aviation Industry Corp of China (AVIC) and Commercial Aircraft Corp of China are investors of the new company.

Beijing:China has set up a state-owned aircraft engine maker with registered capital of 50 billion yuan ($7.50 billion), state television said on Sunday, in the latest bid to develop home-grown, high-tech capacities to compete in international markets.

The government has been overhauling its state-owned sector to push Chinese products and services up the value chain. Under that drive, it has prioritised aircraft engines, high-speed rail and nuclear power as areas it wants China to excel.

China’s cabinet, Beijing municipal government, the Aviation Industry Corp of China (AVIC) and Commercial Aircraft Corp of China are investors of the new company, it said.

The new company, called China Aero-Engine Group and with 96,000 employees, will focus on designing, manufacturing and testing of aircraft engines, the report said, adding that it will be of “great significant for the future development of China’s aviation industry”.

In March, state-owned AVIC said it was finalising a 129 billion yuan merger of its aircraft engine businesses, in a move to create a giant that could eventually compete with the likes of United Technologies Corp’s aircraft engine maker Pratt & Whitney.

Damn you guys. You open industries like its a fruit stall.
Now adding this into the list, how many of Aircraft manufacturing companies you have altogether

 

[JSCh]

Sunday, August 28, 2016, 16:38
Xi urges independent aviation research
By Xinhua

BEIJING – President Xi Jinping on Sunday called for acceleration of independent research, development and manufacturing of aircraft engines and gas turbines to make China an aviation industry power.

His words came on the heels of the establishment of the Aero Engine Corporation of China (AECC) Sunday in Beijing.

The founding of the firm is a strategic move that will help enhance national power as well as the capacity of the armed forces, Xi said in a written instruction.

The move will also benefit the reform of state-owned enterprises and the restructuring of the aviation industry, he continued.

Xi encouraged AECC employees to be bold in innovating to make the country an aviation power.

The AECC received investment from the State Council, the Beijing Municipal Government, Aviation Industry Corporation of China and Commercial Aircraft Corporation of China, with a registered capital of 50 billion yuan. The firm has 96,000 employees.

Premier Li Keqiang said in his written instruction that aircraft engines are sophisticated products of the equipment manufacturing industry. Making breakthroughs in this area as soon as possible will have great value for improving China's economic and military power and national strength.

Li urged indigenous innovation to make the AECC a world-class aircraft engine company.

Vice Premier Ma Kai, who attended the opening ceremony, also stressed indigenous innovation and continued reforms to build the AECC into a modern enterprise full of vitality.

He called for personnel training to cultivate scientific and skilled personnel as well as innovators.

China will launch at least 100 key projects over the next 15 years to increase the country's technological capability and improve people's livelihoods, according to the 13th Five-Year Plan unveiled earlier this year. Aviation engines and gas turbines were listed among the top 10 of the 100 projects.

 

[yantong1980]

Congrats!

 

[Hassan Guy]

Ay man pass some of that shiet here too we could use it.

 

[Economic superpower]

New aircraft engine firm to lift sector
By ZHAO LEI (China Daily)

Xi hails establishment of company, saying it will further modernize industry, military

President Xi Jinping called on Sunday for acceleration of the research, development and manufacturing of aircraft engines and gas turbines to help China to build a strong aviation industry.

His words came after the Aero Engine Corp of China was established in Beijing. Previously, all of the country's aircraft engines were developed and made by Aviation Industry Corp of China.

Setting up the new company is a strategic move that will improve the aviation industry and boost the modernization of the Chinese military, Xi said in a written instruction that was read at the company's establishment ceremony in Beijing on Sunday morning.

Premier Li Keqiang said in his written instruction that engineers at the company should learn from other nations' experience and focus on key technologies for aircraft engines.

Headquartered in Beijing, the AECC has been set up with investment from the State Council, the Beijing municipal government, Aviation Industry Corp of China and Commercial Aircraft Corp of China. It has a registered capital of 50 billion yuan ($7.5 billion) and 96,000 employees, including six academics from the Chinese Academy of Sciences and Chinese Academy of Engineering, according to the company.

Cao Jianguo, 53, former general manager of China Aerospace Science and Industry Corp, is the AECC chairman. The company's general manager is Li Fangyong, also 53, former deputy general manager at Aviation Industry Corp of China.

Despite China having made tremendous achievements in science, technology and manufacturing industries, aircraft engines remain one of the few fields in which the country still lags largely behind top players, especially the United States.

Because advanced aircraft engines such as the afterburning turbofan, which propels the world's best combat planes including the US' Lockheed Martin F-22 and Russia's Sukhoi Su-35, are so sophisticated, only the five members of the United Nations Security Council are able to develop and produce them.

According to military sources, most of the People's Liberation Army Air Force's best aircraft, such as the J-10 fighter jet and Y-20 transport plane, rely heavily on engines imported from Russia, while the new-generation J-20 stealth fighter jet also used Russian-made engines for its test flight.

In the Made in China 2025 blueprint published by the central government last year, aircraft engines were listed as one of the 10 crucial manufacturing sectors that are of great importance to the nation and would be strongly supported by the government.

Thanks to efforts made by Chinese researchers in the past 10 years, a number of domestically developed engines such as the WS-10 "Taihang" turbofan have been introduced and installed on some J-10 and J-11 fighter jets, observers said.

They added that a certain period of time will be needed to see whether they are reliable and powerful enough to replace the imported ones.

Yin Zeyong, a member of the Chinese Academy of Engineering and head of AECC's science and technology commission, said the company's founding indicates that China is determined to mobilize all resources needed to research and develop key aircraft engine technologies.

Wang Ya'nan, editor-in-chief of Aerospace Knowledge magazine, said, "The establishment of an aircraft engine firm will strengthen China's capability in the aviation field and improve efficiency in research and development."

More participation from the private sector should be encouraged in the aircraft engine industry to bolster competition, he added.

 

[indiatester]

Great stuff. Congratulations!

 

[The Sandman]

wow CONGRATZ

 

[initial_d]

96.000 employee........!!

 

[ahojunk]

96,000 employees means a sizable number of them will be involved in R&D.
Western media is picking up this report, which means that it's big news.

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China Launches State-Owned Aircraft Engine Maker
by Reuters
AUGUST 28, 2016, 9:52 AM EDT

This is part of Beijing’s push to ramp up home turf tech.

China has set up a state-owned aircraft engine maker with registered capital of 50 billion yuan ($7.5 billion), state television said on Sunday, in the latest effort to develop home-grown, high-tech businesses to compete in international markets.

The government’s overhaul of state-owned enterprises to push Chinese products and services up the value chain has prioritised aircraft engines, high-speed rail and nuclear power as areas in which it wants China to excel.

China’s cabinet, Beijing municipal government, the Aviation Industry Corp of China (AVIC) and Commercial Aircraft Corp of China are investors in the new Aero-Engine Group of China, combining a number of smaller businesses and their 96,000 employees to focus on designing, manufacturing and testing of aircraft engines, the report said.

President Xi Jinping called for the company to accelerate independent research, development and manufacturing of aircraft engines and gas turbines that will help China to achieve its goal of becoming an aviation power, Xinhua news agency said.

State-owned AVIC said in March that it was finalising a 129 billion yuan merger of its aircraft engine businesses in a move to create a giant that could eventually compete with the likes of United Technologies Corp’s aircraft engine maker Pratt & Whitney.

 

[SOHEIL]

Congratulations...

CAEG?

 

[Economic superpower]

96,000 employees means a sizable number of them will be involved in R&D.
Western media is picking up this report, which means that it's big news.

--------
China Launches State-Owned Aircraft Engine Maker
by Reuters
AUGUST 28, 2016, 9:52 AM EDT

View attachment 329821

This is part of Beijing’s push to ramp up home turf tech.

China has set up a state-owned aircraft engine maker with registered capital of 50 billion yuan ($7.5 billion), state television said on Sunday, in the latest effort to develop home-grown, high-tech businesses to compete in international markets.

The government’s overhaul of state-owned enterprises to push Chinese products and services up the value chain has prioritised aircraft engines, high-speed rail and nuclear power as areas in which it wants China to excel.

China’s cabinet, Beijing municipal government, the Aviation Industry Corp of China (AVIC) and Commercial Aircraft Corp of China are investors in the new Aero-Engine Group of China, combining a number of smaller businesses and their 96,000 employees to focus on designing, manufacturing and testing of aircraft engines, the report said.

President Xi Jinping called for the company to accelerate independent research, development and manufacturing of aircraft engines and gas turbines that will help China to achieve its goal of becoming an aviation power, Xinhua news agency said.

State-owned AVIC said in March that it was finalising a 129 billion yuan merger of its aircraft engine businesses in a move to create a giant that could eventually compete with the likes of United Technologies Corp’s aircraft engine maker Pratt & Whitney.

Of course it's big news.

Western media reporting or approval is not needed for it to be big news.

 

[ahojunk]

Another one, this time from BBC.

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China launches own aircraft engine-maker to rival the West
36 minutes ago

China has launched its first aircraft-engine manufacturer in an attempt to wean itself off Western suppliers.

The state-owned Aero-Engine Group of China was created by combining a group of existing aircraft-engine companies, according to local media reports.

It has about 50bn yuan ($7.5bn) in registered capital and will develop both military and commercial engines.

China already makes its own planes, but has struggled for decades to develop engines that meet global requirements.

'Strategic move'

China currently buys its commercial aircraft engines from General Electric and United Technologies' Pratt & Whitney. China's military jets uses Russian-made engines.

President Xi Jinping called the new creation of the new company a "strategic move" aimed at developing China's reputation as a global aviation power, Xinhua news agency said.

The Chinese government, as well as the Aviation Industry Corp of China (AVIC) and Commercial Aircraft Corp of China (Comac) are investors in the new firm.

AVIC makes military jets and helicopters while Comac produces China's biggest domestically-produced passenger plane, the C919.

 

[X-2.]

http://www.acae.com.cn:8080/portal/Home/Index.aspx

China launches state-owned aircraft engine maker
The new company, called China Aero-Engine Group and with 96,000 employees, will focus on designing, manufacturing and testing of aircraft engines

Kevin Yao

Beijing:China has set up a state-owned aircraft engine maker with registered capital of 50 billion yuan ($7.50 billion), state television said on Sunday, in the latest bid to develop home-grown, high-tech capacities to compete in international markets.

The government has been overhauling its state-owned sector to push Chinese products and services up the value chain. Under that drive, it has prioritised aircraft engines, high-speed rail and nuclear power as areas it wants China to excel.

China’s cabinet, Beijing municipal government, the Aviation Industry Corp of China (AVIC) and Commercial Aircraft Corp of China are investors of the new company, it said.

The new company, called China Aero-Engine Group and with 96,000 employees, will focus on designing, manufacturing and testing of aircraft engines, the report said, adding that it will be of “great significant for the future development of China’s aviation industry”.

In March, state-owned AVIC said it was finalising a 129 billion yuan merger of its aircraft engine businesses, in a move to create a giant that could eventually compete with the likes of United Technologies Corp’s aircraft engine maker Pratt & Whitney.

Awa awa ..wow great congratulations to china and wish this workshop will give china world class engines

 

[Shotgunner51]

Congratulations...

CAEG?

AECC : Aero Engine Corporation of China