Northern Ireland

Portadown-based aircraft seat business doubles profits

Thompson Aero Seating designs and manufactures business class seats for commercial airlines
Image caption Thompson Aero Seating designs and manufactures business class seats for commercial airlines

A Portadown-based aircraft seat manufacturer has more than doubled its turnover and profits.

Thompson Aero Seating designs and manufactures business-class seats for commercial airlines.

The firm made a pre-tax profit of £11m on turnover of £105m in the year to December 2017.

That compares to a £5m profit and £52m turnover in its previous nine-month accounting period.

Staff numbers also increased sharply from 364 to 543.

Thompson has been majority owned by the Aviation Industry Corporation of China since 2016.

Expansion

Another Chinese-owned manufacturer, SDC Trailers, has reported a pre-tax profit of £6m on turnover of £122m in the nine months to December 2017.

In August, SDC announced plans to create 50 new jobs as part of a £7m expansion at its Toome factory.

The company has been owned by Shenzhen-based CIMC Vehicles since 2016.

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