New aerospace factory joining Chengdu park

Ligeance Investments recently purchased Gardner Aerospace, leading manufacturer

Wang Lizhi, an expert taking part in the national "1,000 Talent Plan", a government-initiated global talent pool program, has helped a Chinese company to fully acquire a leading European aerospace manufacturer and opened its flagship plant in Chengdu, Sichuan province.

In June, Chinese aerospace and mining group Ligeance Investments, a subsidiary of Shaanxi Ligeance Mineral Resources, acquired the United Kingdom-based Gardner Aerospace Holdings Ltd. This is a supplier of aircraft engine manufacturer Rolls-Royce Holdings Plc and European aircraft manufacturer Airbus Group SE. The deal is 326 million pounds ($420.5 million).