Norfolk based company STG Aerospace expands to China
Norfolk-based company STG Aerospace which develops lighting technology for aircrafts has secured its presence in the Chinese market by setting up an enterprise in Shanghai. The company, whose headquarters and manufacturing are based in Swaffham have launched a Wholly Foreign Owned Enterprise (WFOE) in the Chinese city - meaning that no Chinese investor was required to be involved for approval to move in. With clients who already include Shenzhen Airlines, China Eastern Airlines, and China Southern Airlines; the company’s new branch will allow access to the world’s second largest aircraft passenger market. From Norfolk the company already provides lighting for approximately a third of the world’s airlines, hopes are that the move will allow it to employ Chinese staff in the region.