Mar 06, 2017 01:05 AM EST
Airbus welcomes new agreement on industrial partnerships with Japan. The agreement, signed on Wednesday, seeks cutting-edge Japanese aerospace technologies for future aircraft.
The Ministry of Economy, Trade and Industry of Japan together with the Directorate General of Civil Aviation of the Ministry of Ecology, Sustainable Development and Energy of the French Republic signed a memorandum of cooperation in Tokyo on Mar. 1.
The agreement, signed by Toshihide Kasutani, director-general, Manufacturing Industries Bureau of METI, and Thierry Dana, French ambassador to Japan, aim to strengthen the cooperation between Airbus and the Japanese industry.
The agreement came after Airbus asked for deeper cooperation with Japanese companies in November. An Airbus-Japanese Ad Hoc Civil Aeronautical Industry Working Group will be established as part of the plan to build up cooperation between Japan and France. The Ad Hoc committee will meet on a regular basis to discuss technology fields such as material, aircraft system and equipment, or manufacturing technologies for the development of future Airbus aircraft.
"We are very pleased that Japan and France are together providing support for enhancing our partnerships between Japan and Europe," said Stéphane Ginoux, president of Airbus Japan, in a press release statement.
Ginoux sees Japan as a key country when it comes to future aircraft technologies, R&T and digital innovation. Schweitzer, the French foreign ministry's special representative for the partnership, also hopes the Airbus agreement will bring mutual benefits to companies in Japan and France.
Aside from Japanese jet engines and key aircraft components, Airbus is also interested in wireless communication technology and automated assembly robots according to the ministry officials. Further, the commercial aircraft market is expected to grow at an annual pace of 5 percent on strong demand in emerging economies. The Ministry of Economy, Trade and Industry will provide an opportunity to bring Japanese companies and Airbus together during fiscal 2017, which starts in April.
Like Us on Facebook
The French luxury group gains full control of the 70-year-old Parisian fashion house Christian Dior in a mammoth deal worth around €12.1 billion.
UK luxury fashion retailer Burberry posts lackluster set of results for its second half following an impressive result in the third quarter, a retail analyst stated.
What seemed like a perfect hacking operation turned out to be a failure as Kaspersky has spotted a mistake on the part of the Lazarus hackers. It found a brief connection that came from North Korea - proving their identity and origin.
A lawsuit has been filed by a Democratic political consultant and Fox News contributor on Monday alleging, among others, that Roger Ailes denied her of a permanent hosting job after she turned down his sexual advances.
South African leader, Jacob Zuma, has sacked finance minister Pravin Gordhan in a move that drove the country's currency down five percent in value. The president calls for a midnight reshuffle in his Treasury members who he felt were disloyal to his political intentions.
The US president has long promoted a change on how foreign businesses should run their operations - and that is to revive American manufacturing. Uniqlo head showed he didn't like being given an ultimatum by Trump.
Cemex, one of the world's largest cement producers, has not participated in the first round of bids that is currently underway but said it is open to providing quotes to supply the raw materials for Trump's promised border wall.
Arket, which means 'sheet of paper' in Swedish, will cater to a modern-day market with products for men, women, children and the home.
Amazon was one of the leaders in keeping online purchases tax-free. As the company moves to offer faster deliveries, it expanded its distribution centers and started collecting sales tax in more states.