Japan, Malaysia eye cooperation in aircraft production
Japan will set up a framework for working with Malaysia in producing aircraft parts and training aviation industry personnel, its first such cooperation in Asia, government sources have said.
Hanoi (VNA) – Japan will set up aframework for working with Malaysia in producing aircraft parts and trainingaviation industry personnel, its first such cooperation in Asia, governmentsources have said.
Japan aims to sign an agreement with Malaysiathis summer, seeking to strengthen ties with Malaysia and help small-andmedium-sized Japanese parts makers expand their business in the Asia's growingcommercial aircraft market.
The initiative comes as the Japanese governmentseeks to expand the production value of the country's aircraft industry to 3trillion JPY (27 billion USD) in 2030 from 1.8 trillion JPY (16.2 billion USD)in 2018 by stepping up cooperation with Southeast Asian countries.
Malaysia has been promoting the aircraftindustry, and major US aircraft parts maker Spirit AeroSystems Inc. and othershave their production bases in the country.
Japanese parts makers have already enteredMalaysia, including Imai Aero-Equipment Mfg. Co., Asahi Aero Group Inc. andWada Aircraft Technology Co.
Worldwide, the commercial aircraft market isexpected to grow over the next 20 years, with demand for some 40,000 planesexpected, around 40 percent of which will be in the Asia-Pacific region,according to the Japanese industry ministry./.
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Illustrative image (Source: Kyodo) 
