Thailand's CCS Advance Tech aims to rapidly grow its manufacturing work in the aerospace sector, and already supplies parts and assemblies to companies such as Collins Aerospace and Moog Aircraft.
While the aerospace division currently makes up a quarter of its annual revenue, CCS Advance Tech chief executive officer Ketan Pole says there is room to grow it to a “major percentage.”
In the "near future", CCS wants 50% of revenue to come from aerospace work.
“If the growth remains like that, it could even be 65% [of our revenue]," he says.
He adds that the company works on one-off parts,and can scale production to produce parts in high volume. Aerospace-related components include those for sensor, braking, as well as nacelle systems. The company is also in the business of plastics and precision manufacturing.
“I see the biggest growth coming from aerospace,” he says, noting that the company saw “400% growth” between 2012 and 2016.
The company first entered the aerospace sector in 2004, manufacturing tools for the assembly of aircraft parts.
From 2005 to 2009, it supplied aerospace parts to GE Engine Services’ subsidiary Unison Industries.
In 2009, GE left the Thai market, but the company then began a series of “strategic partnerships” with Collins, Moog, and other aerospace customers, says Pole.
In March this year the company became the first Thai company to become an approved parts supplier for Boeing, Pole says. It hopes to get Airbus’s approval by next year.
The company has work on programmes such as the Boeing 777, 787, Airbus A320, A350, as well as the A220, previously known as the Bombardier C-Series.
Pole adds that it is looking to do “more work” with Bombardier, as well as on the Airbus’ A320, A350, and the Boeing 787, but he did not provide more details.
Pole says CCS Advance Tech has been able to produce not just components, but also work on surface treatments.
Source: Cirium Dashboard