Position Report 2019

FACC aims to be represented with components on board every modern aircraft – this will remain a central goal of its corporate strategy in the future. New orders with a total volume of USD 800 million have once again brought FACC closer to reaching this target in 2019.

Employee know-how and teamwork play a key role in the search for ever new technological solutions and innovations. FACC supports this with a variety of training programs and awards for special achievements.

Prestigious awards from customers and institutions confirm the positive market response to FACC’s novel ideas and product solutions.

In October 2019, one of the latest innovations developed by FACC experts was honored with the Airbus Innovation Award. Within the scope of the “Wing of Tomorrow” research project and in collaboration with Airbus, FACC developed the main component of a novel composite wing and a highly efficient manufacturing concept enabling cycle times and costs to be significantly reduced.

In June and September 2019, the Supervisory Board of FACC AG renewed the management contracts of Aleš Stárek and Yongsheng Wang. This was followed in March 2020 by the extension of Robert Machtlinger’s appointment as CEO.

In the past financial year, FACC once again put its pioneering spirit to the test in various areas. Examples include the presentation in Austria of an air taxi suitable for series production or the launch of the fi rst aviation podcast in German-speaking countries. These achievements are visibly appreciated by partners, suppliers and the public at large.

The aircraft market has been undergoing changes in recent years. While market growth in the period from 2008 to 2018 was still at 5 percent p.a., it is expected to be only around 2.5 percent in the next years – effects of the corona crisis not taken into consideration. FACC wishes to exploit this phase of slightly dampened growth to prepare for the new dynamics that the aircraft market expects from 2025 onwards.

An interview with the management team of FACC AG, Robert Machtlinger (CEO), Andreas Ockel (COO), Aleš Stárek (CFO) and Yongsheng Wang (CCO), on innovation, new fields of business and long-term profitable growth in a very challenging market FACC AG

The main objective of FACC’s strategy is sustainable and profitable growth. FACC pursues this goal by focusing on three pillars designed to consolidate its strong market position in the long term.

With the majority takeover of FACC by the Aviation Industry Corporation of China, the Austrian plastics specialist entered a new era in 2009. In the space of just one decade, the company evolved from a medium-sized enterprise into a global corporation.

For ten years, Ruguang Geng held the position of Chairman of the Supervisory Board of FACC, from which he retired at the end of 2019. He now looks back on a period marked by great successes for AVIC and FACC.

Long-standing partners, companions and friends came together at Lake Wolfgang to celebrate FACC’s 30th anniversary in June 2019. Although the company’s history was, of course, the main focus, there were also a number of surprises in store.