French aviation equipment group to increase investment in Wuxi

TLD Asia (Wuxi) Ltd located in Wuxi National Hi-Tech District is funded by France's TLD Group. [Photo/WeChat account: xinwu_wx]

Antoine Maguin, the chief executive officer of Alvest, a global leader in aviation, visited Wuxi National Hi-Tech District, also known as Xinwu district, on April 9 along with his team.

During his meeting with government officials from Xinwu, Maguin affirmed Wuxi's significance as a vital manufacturing base for TLD, a member company of Alvest, in the Asia-Pacific region. He noted that the group's company in Wuxi has experienced steady growth since its establishment, partly driven by the region's advantageous supply chain.

As China and the Asia-Pacific region are crucial for global economic growth, TLD is confident in furthering its success in Xinwu district and plans to increase investment and develop green and low-carbon airport ground support equipment to meet the growing demands of markets, said Maguin.

Cui Rongguo, Party secretary of Xinwu, expressed gratitude for the district's long-standing partnership with French companies. He highlighted the zone's strategic focus on developing the aerospace industry, including sectors such as ground support, airborne equipment, and the low-altitude economy, and emphasized the immense potential for growth.

Cui said he hopes that the company will introduce more high-quality products and services to the region and accelerate the establishment of its regional and functional headquarters in Xinwu.

TLD Asia (Wuxi) Ltd, solely funded by TLD, was launched in Xinwu's Shuofang sub-district in 2008. The company mainly produces aircraft tow tractors, cargo lifting platforms, baggage tractors, and other ground support equipment. Its customers include airlines, airports, and more.