Latest news with #AirbusHelicopters
The Star
22-05-2025
- Business
- The Star
Trading ideas: YTL Power, BHIC, MMHE, DC, Bumi Armada, Meta Bright, Inari, Public Bank, Supermax, SP Setia, Perdana, Apex, Solarvest, Sarawak Plantation
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. YTL Power International Bhd 's first supercomputer in Malaysia, deploying the Nvidia GB200 Grace Blackwell Superchip on Nvidia DGX Cloud, is on track to go live by the third quarter of this year. Boustead Heavy Industries Corporation Bhd has entered into a memorandum of understanding with Airbus Helicopters for potential collaboration as an industrial partnership in Malaysia. Malaysia Marine and Heavy Engineering Holdings Bhd has secured an injunction against a notice of arbitration issued by its subcontractor in relation to a dispute under a subcontract for the Bokor Phase 3 redevelopment project in Sarawak. DC Healthcare Holdings Bhd is strengthening its brand ecosystem by integrating Dr. Chong Clinic, Dr. Chong Slimming, and NewB Premium Skincare, while broadening its skincare product portfolio. Bumi Armada Bhd 's wholly-owned subsidiary, Armada Kojo BV, has inked a production sharing contract with Indonesia's Energy and Mineral Resources Ministry for the exploration block in Makassar Strait, Indonesia. Meta Bright Group Bhd and ChargeHere EV Solution Sdn Bhd are exploring collaboration opportunities within the rapidly growing electric vehicle ecosystem. In the 3QFY25, Inari Amertron Bhd 's net profit fell 24.7% to RM55.5mn compared with RM73.7mn last year. Public Bank Bhd announced a quarterly net profit of RM1.75bn, up from RM1.65bn in the year-ago quarter, as revenue rose to RM7.31bn, an increase from RM6.65bn in the previous comparative quarter. Supermax Corp Bhd reported a wider net loss of RM23.8mn in the 3QFY25, dragged by higher operating expenses and a RM12.7mn unrealised foreign exchange loss following the depreciation of the US dollar against the ringgit. S P Setia Bhd recorded a net profit after tax of RM89mn for 1QFY25, mainly attributable to operational efficiency and effective cost management. Perdana Petroleum Bhd slipped into the red with a net loss of RM18mn in 1QFY25 from a net profit of RM6mn a year earlier due to lower revenue and lower contribution from third-party vessel chartering and a marginal increase in vessels direct costs. Apex Healthcare Bhd net profit for 1QFY25 dropped 7.1% to RM17.6mn from RM21.2mn in the same quarter last year on lower public sector sales. Solarvest Holdings Bhd reported a net profit of RM20.5mn for 4QFY25, nearly tripling from RM7.7mn a year earlier, driven by increased roll-outs of utility-scale solar projects under the Corporate Green Power Programme. For 1QFY25, Sarawak Plantation Bhd 's net profit rose to RM22.6mn from RM19.1mn in the previous corresponding quarter, mainly because of higher realised average selling price of crude palm oil and palm kernel.
Yahoo
19-05-2025
- Business
- Yahoo
Airbus opens new helicopter distribution centre in Ontario, Canada
French aviation firm Airbus Helicopters has officially celebrated the opening of its newly integrated distribution centre in Niagara, Canada. The 1950.96sqm facility is designed to enhance industrial operations and greatly increase the storage capacity for spare parts. This facility is expected to create more than 300 skilled positions and enhance Airbus' collaboration with Canadian suppliers. Additionally, it will improve inventory management and logistics, strengthening helicopter completions, component repairs, advanced composite materials production, and spare parts support. The new facility is meant to support the firm's existing manufacturing and completions centre in Fort Erie to expand its operations, enabling future growth and enhancing Airbus's ability to meet customer needs. The Niagara distribution centre will be crucial in optimising inventory management and streamlining logistics processes. This will support key business areas, including helicopter completions, component repair and overhaul, advanced composite materials production, and comprehensive spare parts services. Dwayne Charette, president of Airbus Helicopters in Canada, said, 'The expansion of our footprint in Ontario underscores the strategic importance of Canada to Airbus' global operations. This new integrated distribution centre represents a significant investment and a clear demonstration of our enduring commitment to innovation, local talent development, and Canadian leadership in aerospace.' He added, 'By deepening our roots here, we are not only proactively addressing the evolving demands of the helicopter market but also actively contributing to the economic strength and security of the region.' The newly established facility features Airbus's StreamFlex technology, a digital operations management system that provides real-time insights into customer orders, shipping objectives, and workforce distribution. This tool allows personnel to monitor daily picking and shipping processes, prioritise tasks, and allocate labour according to current demand. With this new expansion, the company claims to address the increasing demand for sophisticated twin-engine helicopters, such as the H135 utilised by the Ontario Provincial Police and the Royal Canadian Air Force. "Airbus opens new helicopter distribution centre in Ontario, Canada" was originally created and published by Investment Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Cision Canada
15-05-2025
- Business
- Cision Canada
Airbus Opens New Helicopter Distribution Centre and Strengthens Ontario Presence Français
FORT ERIE, ON, May 15, 2025 /CNW/ - Airbus Helicopters in Canada today marked a significant milestone with the inauguration of its new integrated distribution centre in the Niagara region. The 21,000 sq. ft. facility will serve to bolster industrial operations while significantly expanding spare parts storage capacity. This strategic establishment further solidifies Airbus Helicopters' long-standing commitment to Ontario and the broader Canadian aerospace landscape. The new centre will contribute to sustaining over 300 skilled jobs in the region, reaffirming the company's leadership position within Canada's dynamic aerospace sector. Moreover, Airbus is actively strengthening its collaborative network with numerous Canadian suppliers and distributors, leveraging the existing strong synergy within the local aerospace ecosystem. "The expansion of our footprint in Ontario underscores the strategic importance of Canada to Airbus' global operations. This new integrated distribution centre represents a significant investment and a clear demonstration of our enduring commitment to innovation, local talent development, and Canadian leadership in aerospace," said Dwayne Charette, President of Airbus Helicopters in Canada. "By deepening our roots here, we are not only proactively addressing the evolving demands of the helicopter market but also actively contributing to the economic strength and security of the region." Strong demand for the advanced twin-engine helicopter portfolio, especially the H135 (recently chosen by the Ontario Provincial Police and the Royal Canadian Air Force for the Future Aircrew Training (FAcT) program), is driving a need for added space for customization and completion activities. This new facility will allow the existing manufacturing and completions center in Fort Erie to expand its activities, supporting future growth and our ability to meet customer needs. The Niagara Distribution Centre will play a key role in optimizing inventory management and streamlining logistics flows, efficiently supporting key business lines including helicopter completions, component repair and overhaul, advanced composite materials manufacturing, and comprehensive spare parts support. The expanded operational footprint is designed to enhance overall efficiency and performance, including: Accelerated shipping timelines for critical components. Significantly increase on-site storage capacity for spare parts, ensuring enhanced availability. Establishment of a central distribution hub, further strengthening the region's position as a leading aerospace manufacturing centre. Optimized operational efficiency through focused management within the dedicated distribution centre. @Airbus @AirbusHelicopters #AirbusHelicopters
Zawya
07-05-2025
- Business
- Zawya
Saudi Arabia explores helicopter manufacturing partnership with France
MARIGNANE — Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef discussed with Airbus Helicopters CEO Bruno Even joint investment opportunities in helicopter manufacturing and maintenance at the company's headquarters in France. He also discussed Saudi Arabia's capabilities and incentives to encourage and attract quality investments in the aviation industry. Discussions also focused on enhancing cooperation in the aviation industry and joint opportunities in helicopter manufacturing and maintenance, as part of the Minister of Industry and Mineral Resources' official visit to France. Goals of Saudi Vision 2030 to achieve economic diversification, and its focus on empowering the private sector and building global partnerships were also discussed. AlKhorayef reviewed Saudi Arabia's strategic assets and competitive advantages that enhance its attractiveness for industrial investments, most notably its geographic location linking three continents, its abundant natural resources, competitive energy prices, advanced infrastructure, advanced industrial cities, and the ease of government procedures. The meeting affirmed the National Industrial Strategy's focus on developing the aviation industry, placing it at the forefront of priority sectors. Saudi Arabia identified investment opportunities exceeding SR10 billion in key areas of the aviation industry, including maintenance, repair, and operation (MRO) services, drone manufacturing, and precision automation, as part of the Kingdom's efforts to become a global hub for the aviation industry. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
07-05-2025
- Business
- Saudi Gazette
Alkhorayef inaugurates 'Industrial Day' at Airbus Helicopters in France
Saudi Gazette report MARIGNANE — Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef inaugurated the "Industrial Day" event held at the Airbus Helicopters headquarters in Marignane, France. The event brings together Airbus suppliers and Saudi aviation companies to explore cooperation opportunities in the aviation industry and strengthen investment partnerships between the two sides. AlKhorayef emphasized that the aviation industry is one of the most prominent advanced industrial sectors, the national industrial strategy is focusing on localizing and developing, to diversify the national economy in line with the goals of the Kingdom's Vision 2030. Saudi Arabia's ambitions to accelerate the localization of the aviation sector, empower private sector, strengthen international partnerships, attract promising investments, leverage Saudi Arabia's strategic assets, including its geographic location, competitive energy prices, rich mineral resources, and young talent, were all discussed at the meeting. AlKhorayef called on Airbus Helicopters and its network of suppliers to expand cooperation with Saudi Arabia, achieving the shared vision of building a sustainable and competitive aviation system. Saudi Arabia has identified several sub-sectors within the aviation industry that offer unique investment opportunities valued at $2.67 billion. These sectors include aircraft structure maintenance, aircraft component repair, and drone manufacturing. The Kingdom seeks to double its industrial GDP from $88 billion to $377 billion by 2035, in accordance with the National Industrial Strategy, which places advanced manufacturing, including the aviation sector, at the core of its industrial transformation. The Saudi minister's inauguration of the "Industrial Day" event comes during his current official visit to France, which aims to enhance industrial and mining cooperation and explore joint investment opportunities in promising industrial sectors, most notably aviation and food. Saudi Arabia and France cooperate in a number of sectors, such as energy, water and waste management, sustainable cities, transportation, civil aviation, mobility solutions, the digital economy, and health.
