New Tungsram company is about to conquer the aerospace industry

MRO in the aircraft industry represents a USD 100 billion turnover globally, with a continuous further growing potential according to industry players. Two other areas accompany this field; parts production for energy industry and renewables. The company employs 125 people in the production hall of the Tungsram Kisvárda and aims at those markets.  Current partners include GE Aviation, GE Power and GE Renewable. MRO in the aircraft industry represents aUSD 100 billionturnover globally, with...

MRO in the aircraft industry represents a USD 100 billion turnover globally, with a continuous further growing potential according to industry players. Two other areas accompany this field; parts production for energy industry and renewables. The company employs 125 people in the production hall of the Tungsram Kisvárda and aims at those markets.  Current partners include GE Aviation, GE Power and GE Renewable.

"Tungsram offers first class quality solutions and engine repair services to the largest turbine manufacturers and MRO service providers", says Attila Kürthy. "We see a substantial growth potential on the industrial grade gas turbine market, we try to take a hold here as well."

Tungsram Aero Space Power is currently the single aircraft engine part manufacturer in the small region holding the certificates of both the European and American Aviation Authorities (EASA and FFA). The Kisvárda plant is a regional centre of excellence in the field of welding.

According to Joerg Bauer, President & CEO of Tungsram external strategic and financial partners had to be involved such as WEX TASP SHARE Kft. belonging to Xanga Group.

"The developments of Xanga Group completed in the field of aviation industry in the last 10 years have almost reached USD 100 M. We consciously guide our investments to the high added value MRO industry as we believe it is a significant area of development in the region" – says István Herdon.

Tungsram Aero Space Power focuses already on the upcoming milestones, such as the procurement of the CAAC (Chinese Authority of Aviation) certificate.

Szonja Kiss, [email protected], +36 70/5257861