Airbus and a group of Chinese industrial partners signed a contract to establish a joint-venture manufacturing center in Harbin, China, to manufacture composite material parts and components for the Airbus A350 XWB program and Airbus A320 family aircraft. The Chinese partners are Harbin Aircraft Industry Group Co. Ltd. (HAIG), Hafei Aviation Industry Co. Ltd. (HAI), Avichina Industry Technology Co. Ltd. (AVICHINA), and Harbin Development Zone Heli Infrastructure Development Co. Ltd. (HELI). Harbin Hafei Airbus Composite Manufacturing Centre Co. Ltd. will be set up this year, with HAIG holding a 50 stake, Airbus China holding 20, while HAI, AVICHINA, and HELI will each hold a 10 stake. Manufacturing operations are expected to start in September and a new plant should be ready for operations by the end of 2010.
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