[THE INVESTOR] South Korean airplane parts manufacturer Hize Aero has signed a memorandum of understanding with Boeing Tianjin Composite to establish a plant in Tianjin, it announced on Aug. 1.
Hize has been aiming to expand itself in the fast-growing Chinese market, and has signed supply contracts with a number of Chinese partners including AVIC International Holding, Commercial Aircraft Corporation of China and Shanghai Aircraft Manufacturing.
The factory, set to be completed by the end of next year, “will be the first step toward entering China, and ensure our competitiveness,” said Ha Sang-heon, CEO of Hize Aero.
By Hwang You-mee (
glamazon@heraldcorp.com)
