April 10, 2015: Lighting supplier STG Aerospace has announced that it has established a Wholly Foreign Owned Enterprise (WFOE), STG Aerospace (China), based in Shanghai. According to STG Aerospace, this initiative is a reflection of the importance of China as a market. Indeed, a recent IATA report stated that the country is expected to overtake the USA as the world’s largest air passenger market by 2030.
STG Aerospace says that the new office will enable it to offer a higher level of service to its China-based customers for its safTglo photoluminescent emergency floor path system and safTsign photoluminescent emergency and informational signage products, which include China Eastern Airlines, Shenzhen Airlines and China Southern Airlines. In addition, its presence in the country will provide the company with a base for the ongoing development of cabin lighting tailored to the specific needs and tastes of the Chinese airline passenger.
Nigel Duncan, STG Aerospace’s CEO, commented, “We have been active in the Chinese market for the last decade and are committed to a long-term future in the country. This new subsidiary will not only help us to enhance the service we provide for our Chinese customers, but also enable us to involve local companies and local people in the delivery of innovative, research-based cabin lighting solutions”.