At the beginning of 2021, FACC presented its corporate strategy for the coming decade under the title “FACC 2030”. It is based on three pillars and defines an ambitious growth path along which the company intends to strengthen its position in all existing and new market segments.
The starting point for this strategy is a vision that has guided the aerospace group since its foundation: growth through innovations in composite lightweight construction. With its technology, FACC supports the basic human need for mobility, which can be met in a much eco-friendlier way by using ultra-lightweight components in aircraft. To achieve this, the desire to travel must be addressed with new, efficient and sustainable technology in all areas of mobility, including aviation, bringing people and cultures from all over the globe closer together. With its lightweight solutions, FACC has been contributing for many years to making global flight operations more efficient, lighter, quieter and more environmentally friendly.
Furthermore, FACC is actively shaping the evolution of air traffic. In the coming years, autonomously flying drones could revolutionize both passenger transport and goods traffic. FACC wishes to play a leading role in making this vision of the future a reality. Another basic human need is communication – a field in which very strong growth can be expected in the medium and long term. After all, not only prosperity and the world population are growing, but also the volumes of data that have to be transported across the globe every day via satellites and other channels. In the coming years, FACC therefore intends to actively target the Space market segment with its lightweight products. A first development project has been successfully completed in cooperation with the European Space Agency.
In the financial year 2022, FACC took an important step with regard to sustainability by integrating its sustainability goals into its corporate strategy. As a result, this central topic is once again gaining in importance at FACC. The strategy now comprises environmentally relevant measures as well as social goals and those relating to sound corporate governance. It is divided into three strategic pillars which are intended to lead FACC onto a long-term growth path. The first pillar mainly covers growth in FACC’s current business by increasing volumes with existing customers thanks to good customer relationships. The focus of the second pillar is on innovation: new developments are intended not only to expand FACC’s customer and product portfolio, but also to set completely new standards in terms of sustainability. Last but not least, the third pillar addresses the future of aviation, such as Urban Air Mobility and Space.
In 2022, FACC also defined specific intermediate goals for each of its three strategic pillars as well as measures to achieve them.
The many successful projects of the past year paint a clear picture of the continuous progress FACC is making in the pursuit of its strategic goals. The Group is thus moving full thrust into the future.
Pillar 1:
Focus on performance
FACC is a best-in-class performer as well as a reliable and financially sound manufacturing and development partner. Based on these USPs, FACC strives to continuously increase its market share by securing new orders from existing customers.
Pillar 2:
Generating growth, securing sustainability
FACC is using novel technologies to substitute existing components with increasingly efficient parts. The company is thus generating growth while promoting the transformation from a linear to a sustainable circular economy.
