Position Report 2020

Strategy

• FACC 2030: Setting the course for the future

  FACC 2030: Setting the course for the future

  

  Over the past three decades, FACC has developed from a start-up into one of the world’s most important players in the aerospace industry. With its new “FACC 2030” strategy, the Group recently outlined how it intends to position itself for the future. After all, the aerospace market is constantly evolving, and new market segments and opportunities are emerging.

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• Industry game changer – the environment is changing

  Industry game changer – the environment is changing

  

  Four global trends in ­particular are responsible for the ­current changes in the aircraft ­industry: population growth, urbanization, globalization & digitalization, and climate change. All four trends offer enormous opportunities for FACC.

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• People: Successful with the best minds

  People: Successful with the best minds

  The expertise and commitment of FACC’s workforce are the bedrock of the company’s success. The Group continues to develop as an agile organization in order to continuously increase its innovative strength, productivity and efficiency to the benefit of its customers.

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• Innovation: New developments non-stop

  Innovation: New developments non-stop

  Whether new biological materials, climate-neutral processes, entirely novel approaches and solutions – thinking in all directions and implementing the best is what FACC considers to be its maxim. Thinking green is the premise behind all of its actions.

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• Integration: Expanding added value in all directions

  Integration: Expanding added value in all directions

  In order to create optimal added value and provide the best solutions for its customers, FACC relies on both targeted forward and backward integration. This enables the company to produce primary materials itself, or to manufacture hybrid parts and components with reduced dependence on supply chains.

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• Diversification: Growth in diversity

  Diversification: Growth in diversity

  FACC exploits its competencies and know-how to develop new fields of business. In addition to urban air mobility and the space market, the focus is on the expansion of its Aftermarket Services for civil aviation.

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• Globalization: Lightweight know-how around the globe

  Globalization: Lightweight know-how around the globe

  FACC is intensifying its global presence and partnerships in order to be the best partner in proximity to its customers worldwide. As part of the AVIC Group, it has direct access to the fastest growing markets.

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Interview with the Management Board

• Committed to the sky

  Committed to the sky

  

  An interview with the management team of FACC AG, Robert Machtlinger (CEO), Andreas Ockel (COO), Aleš Stárek (CFO) and Yongsheng Wang (CCO), on upheavals within the aviation and aircraft industry as a result of COVID-19 and the nonetheless bright medium-term outlook for the future in a very challenging market

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Cover story

Market

• In the medium term, the curve is pointing upwards again

  In the medium term, the curve is pointing upwards again

  Under the impact of COVID-19, the demand for new aircraft and thus for ­aircraft parts dropped ­significantly in 2020. Nevertheless, FACC anticipates a stable upward trend in the aircraft market in the medium and long term. In addition, the company sees further ­potential in attractive new business areas such as urban air mobility and aerospace.

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