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Eaton and SIAEC Announce Key Milestones for Joint Venture

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Eaton and SIA Engineering Company (SIAEC) unveiled the logo for their joint venture, Eaton Aerospace Component Services Asia Sdn. Bhd. (EAS), at MRO Asia-Pacific. The new logo represents the branding as 'Eaton Aero Services'. This follows the groundbreaking of EAS's new facility in Shah Alam, Selangor, Malaysia, on 23 September 2024.

EAS will specialize in inspecting, testing, repairing, maintaining, modifying and overhauling Eaton-manufactured aircraft components. The facility is expected to be fully operational within 18 months, contributing to the local economy and strengthening the region's position as an MRO hub.

The Malaysian Investment Development Authority (MIDA) applauded this partnership as an important landmark for Malaysia's aerospace industry. Both Eaton and SIAEC representatives expressed their commitment to offering best-in-class MRO services to customers in the Asia-Pacific region.

Eaton e la SIA Engineering Company (SIAEC) hanno svelato il logo della loro joint venture, Eaton Aerospace Component Services Asia Sdn. Bhd. (EAS), durante il MRO Asia-Pacific. Il nuovo logo rappresenta il marchio come 'Eaton Aero Services'. Questo segue la cerimonia di inaugurazione della nuova struttura di EAS a Shah Alam, Selangor, Malaysia, avvenuta il 23 settembre 2024.

EAS si specializzerà nell'ispezione, collaudo, riparazione, manutenzione, modifica e revisione dei componenti aeronautici prodotti da Eaton. Si prevede che la struttura diventi pienamente operativa entro 18 mesi, contribuendo così all'economia locale e rafforzando la posizione della regione come hub MRO.

L'Autorità per lo Sviluppo degli Investimenti della Malesia (MIDA) ha applaudito a questa partnership come un importante traguardo per l'industria aerospaziale della Malesia. Rappresentanti sia di Eaton che di SIAEC hanno espresso il loro impegno a offrire servizi MRO di classe mondiale ai clienti della regione Asia-Pacifico.

Eaton y la SIA Engineering Company (SIAEC) presentaron el logo de su empresa conjunta, Eaton Aerospace Component Services Asia Sdn. Bhd. (EAS), en el MRO Asia-Pacífico. El nuevo logo representa la marca como 'Eaton Aero Services'. Esto sigue a la inauguración de la nueva instalación de EAS en Shah Alam, Selangor, Malasia, el 23 de septiembre de 2024.

EAS se especializará en la inspección, prueba, reparación, mantenimiento, modificación y revisión de componentes aeronáuticos fabricados por Eaton. Se espera que la instalación esté completamente operativa en un plazo de 18 meses, lo que contribuirá a la economía local y fortalecerá la posición de la región como un centro MRO.

La Autoridad de Desarrollo de Inversiones de Malasia (MIDA) celebró esta asociación como un hito importante para la industria aeroespacial de Malasia. Los representantes de Eaton y SIAEC expresaron su compromiso de ofrecer servicios MRO de primer nivel a los clientes de la región Asia-Pacífico.

이튼(Eaton)과 SIA 엔지니어링 회사(SIAEC)는 MRO 아시아-태평양에서 공동 벤처인 Eaton Aerospace Component Services Asia Sdn. Bhd. (EAS)의 로고를 공개했습니다. 새 로고는 'Eaton Aero Services'로 브랜드를 나타냅니다. 이는 2024년 9월 23일 말라시아 샤 알람(Shah Alam, Selangor)에 위치한 EAS의 새로운 시설의 기공에 이어 발표되었습니다.

EAS는 이튼(Eaton)이 제조한 항공기 부품의 검사, 시험, 수리, 유지보수, 수정 및 오버홀을 전문으로 합니다. 이 시설은 18개월 이내에 완전 가동될 것으로 예상되며, 지역 경제에 기여하고 지역의 MRO 허브로서의 입지를 강화할 것입니다.

말레이시아 투자 개발청(MIDA)은 이 파트너십이 말라시아의 항공 우주 산업에 있어 중요한 이정표라고 칭찬했습니다. 이튼과 SIAEC의 대표들은 아시아-태평양 지역의 고객들에게 최고의 MRO 서비스를 제공하겠다는 의지를 표명했습니다.

Eaton et la SIA Engineering Company (SIAEC) ont dévoilé le logo de leur coentreprise, Eaton Aerospace Component Services Asia Sdn. Bhd. (EAS), lors du MRO Asia-Pacifique. Le nouveau logo représente la marque sous le nom de 'Eaton Aero Services'. Cela fait suite à la pose de la première pierre de la nouvelle installation d'EAS à Shah Alam, Selangor, Malaisie, le 23 septembre 2024.

EAS se spécialise dans l'inspection, le test, la réparation, la maintenance, la modification et la révision des composants d'avion fabriqués par Eaton. L'installation devrait être entièrement opérationnelle dans 18 mois, contribuant ainsi à l'économie locale et renforçant la position de la région en tant que hub MRO.

L'Autorité malaisienne pour le développement des investissements (MIDA) a salué ce partenariat comme un jalon important pour l'industrie aérospatiale malaisienne. Les représentants d'Eaton et de SIAEC ont exprimé leur engagement à offrir des services MRO de premier ordre aux clients de la région Asie-Pacifique.

Eaton und die SIA Engineering Company (SIAEC) haben das Logo ihres Joint Ventures, Eaton Aerospace Component Services Asia Sdn. Bhd. (EAS), auf der MRO Asia-Pacific enthüllt. Das neue Logo repräsentiert die Markenbildung als 'Eaton Aero Services'. Dies folgt dem Spatenstich für die neue Einrichtung von EAS in Shah Alam, Selangor, Malaysia, am 23. September 2024.

EAS wird sich auf die Inspektion, Prüfung, Reparatur, Wartung, Modifikation und Überholung von Flugzeugkomponenten, die von Eaton hergestellt werden, spezialisieren. Die Einrichtung wird voraussichtlich innerhalb von 18 Monaten vollständig betriebsbereit sein und zur lokalen Wirtschaft beitragen sowie die Position der Region als MRO-Hub stärken.

Die malaysische Behörde für Investitionsentwicklung (MIDA) lobte diese Partnerschaft als einen wichtigen Meilenstein für die Luftfahrtindustrie Malaysias. Vertreter von Eaton und SIAEC äußerten ihr Engagement, den Kunden in der Asien-Pazifik-Region erstklassige MRO-Dienstleistungen anzubieten.

Positive
  • Joint venture between Eaton and SIAEC to provide MRO services in Asia-Pacific
  • New facility in Malaysia expected to contribute to local economy and industry growth
  • Endorsement from Malaysian Investment Development Authority (MIDA)
  • Expansion of MRO services in the Asia-Pacific region
Negative
  • None.

SINGAPORE--(BUSINESS WIRE)-- Intelligent power management company Eaton and SIA Engineering Company Limited (SIAEC) unveiled the logo for their joint venture, Eaton Aerospace Component Services Asia Sdn. Bhd. (EAS), at MRO Asia-Pacific today. Chin Yau Seng, chief executive officer of SIAEC, and Desmond Goh, managing director, Asia-Pacific, for Eaton’s Aerospace Group, representatives from the Malaysian Investment Development Authority (MIDA), as well as industry partners and stakeholders, attended the event to commemorate the milestone.

Groundbreaking of EAS’s new facility in Malaysia (Photo: Business Wire)

Groundbreaking of EAS’s new facility in Malaysia (Photo: Business Wire)

The new logo represents the branding of the joint venture as “Eaton Aero Services”, and signifies the partnership of two industry leaders dedicated to providing reliable, customer-focused solutions to clients in the Asia-Pacific region.

This logo unveiling follows the groundbreaking of EAS’s new facility in Shah Alam, Selangor, Malaysia, on 23 September 2024.

EAS will specialize in inspecting, testing, repairing, maintaining, modifying and overhauling Eaton-manufactured aircraft components installed on airframe and engine fuel systems and hydraulics systems.

EAS is scheduled to be fully operational within the next 18 months and is expected to significantly contribute to the local economy by fostering industry growth and strengthening the region's position as a hub for maintenance, repair, and overhaul (MRO) services.

Datuk Sikh Shamsul, chief executive officer of the Malaysian Investment Development Authority (MIDA), applauded this partnership as an important landmark for Malaysia's aerospace industry.

"The unveiling of Eaton Aero Services’ logo and the groundbreaking of its new facility in Shah Alam marks a major milestone in our nation's aerospace development," he said. "This joint venture between Eaton and SIAEC is a ringing endorsement of Malaysia's aerospace ecosystem, skilled workforce, and business-friendly environment. It is a testament to the Malaysia Aerospace Industry Blueprint 2030's strategic objectives and a vote of confidence in our country's ability to attract foreign investment.”

“Our joint venture with SIAEC will offer best-in-class MRO services with the highest standards in quality and efficiency, and local support, to customers in Asia-Pacific region,” said Desmond Goh, managing director, Asia-Pacific, for Eaton’s Aerospace Group. “This marks the start of a new journey for both companies, joining hands to expand the MRO services to customers in the Asia-Pacific region.”

Dr. Bernd Riggers, senior vice president, Component Services, SIAEC said, “The quick progress made so far in this joint venture is a testament to our mutual commitment to exceed our customers’ expectations with top-quality services and efficiency. This collaboration marks a crucial advancement in expanding our expertise in aviation component repairs, enhancing our service portfolio and driving regional growth.”

The foregoing events are not expected to have a material impact on the net tangible assets per share or the earnings per share of the SIAEC Group for the financial year ending 31 March 2025. None of the directors and controlling shareholders of SIAEC have any interest, direct or indirect, in the foregoing events other than through their shareholdings (if any) in SIAEC.

About Eaton:

In the aerospace industry, Eaton is a leading provider of hydraulic, fuel, oxygen, fluid and air conveyance, electrical, motion control and engine solutions, as well as aftermarket service and support, that power commercial aircraft globally. Our reliable products enable hundreds of essential tasks that make air travel possible. From advanced aerospace technologies to high-quality, cost-effective maintenance, repair and overhaul services, we help our customers meet performance, efficiency, safety and compliance needs, all while reducing life cycle and maintenance costs.

Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. Eaton makes products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. Eaton is guided by its. commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, Eaton is accelerating the planet’s transition to renewable energy sources, helping to solve the world’s most urgent power management challenges, and building a more sustainable society for people today and generations to come.

Eaton was founded in 1911 and has been listed on the New York Stock Exchange for more than a century. We reported revenues of $23.2 billion in 2023 and serve customers in more than 160 countries. For more information, visit www.eaton.com. Follow us on LinkedIn.

About SIA Engineering Company:

SIA Engineering Company (SIAEC) is a major provider of aircraft maintenance, repair and overhaul (MRO) services in Asia-Pacific. SIAEC has a client base of more than 80 international carriers and aerospace equipment manufacturers. It provides line maintenance services at more than 30 airports in 8 countries, as well as airframe, engine and component services on some of the most advanced and widely used commercial aircraft in the world.

The 24 subsidiaries and joint ventures with original equipment manufacturers and strategic partners in Singapore, Hong Kong, Indonesia, Japan, Malaysia, Philippines, the United States of America and Vietnam increase the depth and breadth of the Company’s service offerings. SIAEC has approvals from 28 national aviation regulatory authorities to provide MRO services for aircraft registered in the United States of America, Europe, China and other countries.

Tan May Lyn

Manager Corporate

SIA Engineering Company Limited

Tel: +65 6548 1157

E-mail: maylyn_tan@singaporeair.com.sg



Zijia Li

APAC Corporate Communications

Eaton

Mobile: +86 18918798096

Email: Zijiali@eaton.com

Source: Eaton

FAQ

What is the name of the joint venture between Eaton and SIAEC?

The joint venture is called Eaton Aerospace Component Services Asia Sdn. Bhd. (EAS), branded as 'Eaton Aero Services'.

Where is the new EAS facility located and when was its groundbreaking?

The new EAS facility is located in Shah Alam, Selangor, Malaysia. The groundbreaking took place on September 23, 2024.

What services will EAS provide for Eaton-manufactured aircraft components?

EAS will specialize in inspecting, testing, repairing, maintaining, modifying, and overhauling Eaton-manufactured aircraft components installed on airframe and engine fuel systems and hydraulics systems.

When is the EAS facility expected to be fully operational?

The EAS facility is scheduled to be fully operational within 18 months from the groundbreaking date.

Will this joint venture impact Eaton's (ETN) financial performance?

The press release does not provide specific information on the financial impact for Eaton (ETN). It states that the events are not expected to have a material impact on SIAEC Group's financials for the year ending March 31, 2025.

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