Taiwanese JYR Aviation to Invest NTD 500 Million in a New Plant

As one of the top 10 fastener companies in Taiwan, Jau Yeou Industry spun off to the aerospace industry with the founding of JYR Aviation. JYR Aviation is to invest NTD 500 million to build a new aerospace technological park in Luzhu District of Kaohisung City to gain new international clients and tap into the supply chain of jumbo jets. The investment is expected to create 270 new jobs in Taiwan.

     The Investment Unit of Ministry of Economic Affairs (Taiwan) said JYR Aviation is the first Taiwanese company to have acquired two aerospace quality grade certificates: AS9120 (for aerospace logistics) and AS9100 (for aerospace manufacturing quality management system). JYR Aviation has been authorized by a global commercial aircraft engine company to provide manufacturing and sales in Asia Pacific. JYR Aviation created a new business model for Taiwan's aerospace industry and now becomes an indispensable part in the supply chain of international aerospace supply chain.