TurbineAero started moving into its new state-of-the-art facility in Chonburi, Thailand on July 31 that will enable it to bring most of its repair processes under its own roof. The move also enables it to move out of the building operated by Triumph, where it has been co-located since acquiring Triumph Aviation Services Asia's auxiliary power unit (APU) product line in Thailand in 2017, then buying Triumph Aviation Services Asia Components repair product line in May 2018.
TurbineAero expects to be fully moved into its new facility that includes three APU test cells within one week, says Tyler Schoeppey, manager of the repair product line business.
Within one-two years, TurbineAero plans on introducing the few special processes that it needs to bring all of the work inhouse so it doesn’t have to subcontract anything. TurbineAero will start phasing in those new capabilities—vacuum furnaces, shot peening and heat treatment—starting in the fourth quarter of this year, says Peter Gille, vice president and general manager of TurbineAero in Thailand.
In December, it also plans to add another APU to its capabilities list: the Honeywell GTCP331-500 APU on the Boeing 777, he says.
Since TurbineAero became independent from Triumph in early 2017, it saw 10.5% growth that year, followed by 20.5% growth in 2018, says Gille. “This year we are scheduled for 15% year over year growth,” excluding the acquisition of the APU piece parts business, he adds. The repair product line includes components with composites and super alloys such as blades, vanes, stators, compressor housing and combustion chambers.
His revenue target for the Thailand business is $55 million this year.
TurbineAero’s customers span Asia-Pacific, China, India, the Middle East and Europe, says Gille.
Two of the growth markets are Japan and Vietnam.
TurbineAero, which focuses on component MRO services for APUs and related products, launched in 2017 after purchasing the assets of Triumph Air Repair and Triumph Engines in the U.S. The Thailand assets followed shortly thereafter.