Intelligent power management company Eaton and SIA Engineering
Company Limited (SIAEC) unveiled the logo for their joint venture,
Eaton Aerospace Component Services Asia Sdn. Bhd. (EAS), at MRO
Asia-Pacific today. Chin Yau Seng, chief executive officer of
SIAEC, and Desmond Goh, managing director, Asia-Pacific, for
Eaton’s Aerospace Group, representatives from the Malaysian
Investment Development Authority (MIDA), as well as industry
partners and stakeholders, attended the event to commemorate the
milestone.
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Groundbreaking of EAS’s new facility in
Malaysia (Photo: Business Wire)
The new logo represents the branding of the joint venture as
“Eaton Aero Services”, and signifies the partnership of two
industry leaders dedicated to providing reliable, customer-focused
solutions to clients in the Asia-Pacific region.
This logo unveiling follows the groundbreaking of EAS’s new
facility in Shah Alam, Selangor, Malaysia, on 23 September
2024.
EAS will specialize in inspecting, testing, repairing,
maintaining, modifying and overhauling Eaton-manufactured aircraft
components installed on airframe and engine fuel systems and
hydraulics systems.
EAS is scheduled to be fully operational within the next 18
months and is expected to significantly contribute to the local
economy by fostering industry growth and strengthening the region's
position as a hub for maintenance, repair, and overhaul (MRO)
services.
Datuk Sikh Shamsul, chief executive officer of the Malaysian
Investment Development Authority (MIDA), applauded this partnership
as an important landmark for Malaysia's aerospace industry.
"The unveiling of Eaton Aero Services’ logo and the
groundbreaking of its new facility in Shah Alam marks a major
milestone in our nation's aerospace development," he said. "This
joint venture between Eaton and SIAEC is a ringing endorsement of
Malaysia's aerospace ecosystem, skilled workforce, and
business-friendly environment. It is a testament to the Malaysia
Aerospace Industry Blueprint 2030's strategic objectives and a vote
of confidence in our country's ability to attract foreign
investment.”
“Our joint venture with SIAEC will offer best-in-class MRO
services with the highest standards in quality and efficiency, and
local support, to customers in Asia-Pacific region,” said Desmond
Goh, managing director, Asia-Pacific, for Eaton’s Aerospace Group.
“This marks the start of a new journey for both companies, joining
hands to expand the MRO services to customers in the Asia-Pacific
region.”
Dr. Bernd Riggers, senior vice president, Component Services,
SIAEC said, “The quick progress made so far in this joint venture
is a testament to our mutual commitment to exceed our customers’
expectations with top-quality services and efficiency. This
collaboration marks a crucial advancement in expanding our
expertise in aviation component repairs, enhancing our service
portfolio and driving regional growth.”
The foregoing events are not expected to have a material impact
on the net tangible assets per share or the earnings per share of
the SIAEC Group for the financial year ending 31 March 2025. None
of the directors and controlling shareholders of SIAEC have any
interest, direct or indirect, in the foregoing events other than
through their shareholdings (if any) in SIAEC.
About Eaton:
In the aerospace industry, Eaton is a leading provider of
hydraulic, fuel, oxygen, fluid and air conveyance, electrical,
motion control and engine solutions, as well as aftermarket service
and support, that power commercial aircraft globally. Our reliable
products enable hundreds of essential tasks that make air travel
possible. From advanced aerospace technologies to high-quality,
cost-effective maintenance, repair and overhaul services, we help
our customers meet performance, efficiency, safety and compliance
needs, all while reducing life cycle and maintenance costs.
Eaton is an intelligent power management company dedicated to
protecting the environment and improving the quality of life for
people everywhere. Eaton makes products for the data center,
utility, industrial, commercial, machine building, residential,
aerospace and mobility markets. Eaton is guided by its. commitment
to do business right, to operate sustainably and to help our
customers manage power ─ today and well into the future. By
capitalizing on the global growth trends of electrification and
digitalization, Eaton is accelerating the planet’s transition to
renewable energy sources, helping to solve the world’s most urgent
power management challenges, and building a more sustainable
society for people today and generations to come.
Eaton was founded in 1911 and has been listed on the New York
Stock Exchange for more than a century. We reported revenues of
$23.2 billion in 2023 and serve customers in more than 160
countries. For more information, visit www.eaton.com. Follow us on
LinkedIn.
About SIA Engineering Company:
SIA Engineering Company (SIAEC) is a major provider of aircraft
maintenance, repair and overhaul (MRO) services in Asia-Pacific.
SIAEC has a client base of more than 80 international carriers and
aerospace equipment manufacturers. It provides line maintenance
services at more than 30 airports in 8 countries, as well as
airframe, engine and component services on some of the most
advanced and widely used commercial aircraft in the world.
The 24 subsidiaries and joint ventures with original equipment
manufacturers and strategic partners in Singapore, Hong Kong,
Indonesia, Japan, Malaysia, Philippines, the United States of
America and Vietnam increase the depth and breadth of the Company’s
service offerings. SIAEC has approvals from 28 national aviation
regulatory authorities to provide MRO services for aircraft
registered in the United States of America, Europe, China and other
countries.
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version on businesswire.com: https://www.businesswire.com/news/home/20240924893120/en/
Tan May Lyn Manager Corporate SIA Engineering Company Limited
Tel: +65 6548 1157 E-mail: maylyn_tan@singaporeair.com.sg Zijia Li
APAC Corporate Communications Eaton Mobile: +86 18918798096 Email:
Zijiali@eaton.com
Grafico Azioni Eaton (NYSE:ETN)
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