Date: Oct 14, 2015
By: Ted Chen / Staff reporter
Aerospace Industrial Development Corp (AIDC, 漢翔航空工業), the nation’s largest civilian and military aircraft manufacturer, yesterday said that it has decided to improve ties with its 123 domestic suppliers in the face of more stringent requirements set by major clients.
“Since 2013, Boeing has adopted a policy that requires suppliers to cut prices by at least 10 percent before 2019 or risk being dropped from its list of suppliers for the A320 aircraft,” AIDC president Butch Hsu (徐延年) told an investors’ conference in Taipei.
Instead of pursuing redundant investments, AIDC plans to bolster partnerships with its domestic peers, and source materials and parts locally, Hsu said. [FULL STORY]