Small & Medium-Sized Aerospace Enterprises set up CSH Cabin Systems Holding
Six North German suppliers to the aircraft industry are joining
forces. They have laid the cornerstone for restructuring the industry
by founding the CSH Cabin Systems Holding (Ltd.). The move is a clear
sign to big business that they intend to act as a strategic partner
in dealing with complex work packages.
"CSH Cabin Systems Holding paves the way for a one-stop system
supplier. From now on, we will manage the entire spectrum of services
for cabin equipment from A to Z under a shared roof, allowing us to
recruit additional customers worldwide", CSH managing director
The establishment of CSH came in the wake of market analyses carried
out by the Hanse-Aerospace association. They assume a worldwide
annual order volume of 10 billion USD for aircraft cabins, for
everything from carpets to entertainment-systems.
This represents a financially attractive growth market for any
provider, assuming prices between 15 and 20 million USD per cabin for
long-range jets and 5 to 10 million USD for short- and medium-haul
Beyond the aircraft industry, CSH also intends to outfit ship cabins,
coaches and train compartments. Large-scale manufacturers like
Airbus, who demand that their contractors enter into risk- sharing,
welcomed the merger as a step towards a necessary restructuring in
the small business community.
By the end of 2004, up to fifty more SMEs are expected to join CSH,
along with major partners in the IT, Finance, Logistics and HR-
Services sectors. Intensive negotiations are underway.
The new company will take up operations at the beginning of January
CEO: Werner Weitemeyer
Managing Committee: Uwe Gröning