Philippine aerospace industry presents opportunities for Canadian companies

  • Page Views 1288
  • The Philippines is set to hold the inaugural Aeromart Summit Clark, the premier aerospace business convention for aerospace parts manufacturing, maintenance repair and overhaul (MRO), and airport infrastructure industries.

    The event will be held on June 4 to June 6, 2018 at the Clark Freeport Zone, Pampanga.
    Maria Roseni M. Alvero, who is the Philippine Department of Trade and Industry’s Senior Trade Commissioner to Canada, sees a lot of potentials in the emergence of the Philippines as an aerospace player.

    “Given its strategic location within four-hour travel time to and from all major Asian countries, and with critical access to the 600 million ASEAN market, we see Clark emerging as the next aerotropolis in Asia,” Alvero said in a news release.

    The aerospace industry plays a significant role in Canada’s economy as well, contributing close to $28 billion to GDP, employing 87,000 jobs and exporting over $15.8 billion in 2016 and considered a pillar of Quebec and Ontario economies.

    “With the Philippines identified as a priority emerging market under Canada’s Global Markets Action Plan, and aerospace recognized as a prior sector for both countries, the Philippine aerospace industry represents significant opportunities for Canadian companies,” added Alvero, who is based in Toronto.

    “We hope that this event will make it known to Canada and the rest of the world that the Philippine aerospace industry is ready for business,” she said.

    The first edition of the summit is hosted by the Philippine Board of Investments (BOI) and BCI Aerospace, a specialized division of Advanced Business Events (ABE) and a world leader in B2B events for aeronautics, space, and defense industries such as Aeromart Montreal, in cooperation with various government agencies and industry stakeholders.

    Aeromart Clark aims to launch the Philippine aerospace industry on a wider scale and promote greater awareness of the industry as a recognized partner in aerospace parts manufacturing, aircraft MRO, and aviation, aerospace, and engineering training. It is also expected to maximize investment and outsourcing opportunities in the Philippines, especially in Clark, which was formerly hosted the biggest US airbase in Asia-Pacific.

    The Summit will bring together aerospace original equipment manufacturing (OEM) suppliers and Tier 2 -3 manufacturers, with capabilities on precision machining, design, and capabilities in surface processing and testing, as well as and MRO companies for a three-day event to showcase the Philippines’ world class capabilities and the Philippine aerospace industry’s readiness to compete in the global market.

    Already a key player in the region, with three of the world’s largest MRO providers present in the country, the Philippines contributes to 20% of OEM business globally with production of landing gear systems, actuation systems and interiors.

    The Philippine aerospace industry has charted a 42% compounded annual growth within the 2012-2016 period and projects exports of over $2.5 billion USD worth of aerospace parts and employ around 15,000 personnel by 2022. The Americas is among the country’s biggest export destinations, accounting for 40.8 percent share of total exports of aerospace parts in 2016.

    Share

    New Posts Recently publish post More

    • 12 July 2019
      4 days ago No comment

      Direk Cathy shares what to expect from reunion movie of Piolo, Claudine

      Piolo Pascual and Claudine Barretto are reuniting for a big screen project 15 years since they starred in their last movie together “Milan.” In an interview with reporters on Wednesday, filmmaker Cathy Garcia Molina revealed that she is has been tasked to help the project. “Kuwento ni direk Olive ...

    • 12 July 2019
      4 days ago No comment

      Sarah Geronimo on being married: ‘Kailangan prepared ka diyan’

      Is Sarah Geronimo ready to settle down with her boyfriend, Matteo Guidicelli, anytime soon? Aside from her lineup of projects this year – consisting of a television comeback, a new film, upcoming shows, on top of her left and right, already existing endorsement commitments – Sarah Geronimo has another ...

    • 12 July 2019
      4 days ago No comment

      MMFF 2019: These 4 scripts made the cut

      These four scripts have been chosen as official entries to this year’s Metro Manila Film Festival (MMFF). Metropolitan Manila Development Authority and MMFF chairman Danilo Lim announced on Wednesday that the following scripts made the cut this year: – “Kampon” starring Kris Aquino and Derek Ramsay – “Momalland” starring ...

    • 12 July 2019
      4 days ago No comment

      Maureen Wroblewitz explains reason for leaving ‘Eat Bulaga’

      “Asia’s Next Top Model” fifth season winner Maureen Wroblewitz has left the country’s longest-running noontime show “Eat Bulaga.” During the question-and-answer portion of her video on her YouTube channel, a fan asked the 21-year-old Filipino-German if she was still in the noontime show. “Ang dami kong pangarap. Ang dami ...

    • 12 July 2019
      4 days ago No comment

      Eric Quizon, inalala ang 7th death anniversary ni Dolphy

      Isang pagpupugay para kay Dolphy ang ibinahagi ng kanyang anak na si Eric Quizon. Sa social media post nito, inalala ng isa sa mga anak ng Comedy King ang kanyang ika-pitong death anniversary. “We celebrate you today not because it’s your death anniversary but because of your undying effect ...

    %d bloggers like this: