BANGALORE, September 23, 2014 /PRNewswire/ --
Aerospace Processing India (API),
a joint venture (JV) of Aequs and Magellan Aerospace is
India's first company to have
Tartaric Sulphuric Acid (TSA) anodizing line approved by
Airbus
Aequs (formerly QuEST Global Manufacturing), one of the fastest
growing aerospace manufacturing companies in India, and Magellan Aerospace, a global
aerospace leader, today announced plans for an expansion to their
JV plant in Aequs SEZ at Belgaum, India as a measure to further strengthen their
capabilities in the growing global aerospace market.
(Logo:
http://photos.prnewswire.com/prnh/20140305/673682)
The API plant expansion is aimed at enhancing aerospace special
processes. The expanded facility will mainly cater to processes
such as Tartaric Sulphuric Acid (TSA) anodizing and Cadmium plating
for the aerospace OEMs.
The existing API plant located at Aequs SEZ provides aerospace
surface treatment facilities which are not readily available in
India. API is uniquely positioned
to provide metal finishing treatment services for both the export
market and the domestic market in India.
Aravind Melligeri, Chairman and CEO, Aequs said, "We are
delighted to expand and enhance our seven-year partnership with
Magellan for special processing in aerospace through this new
capability at API. This will also add to India's expertise in the aerospace
manufacturing sector and help us grow the aerospace market in the
country."
"API is a trailblazer in India
in aerospace special processing. This TSA certification from Airbus
will not only add to its considerable range of capabilities but
also enhance API's ability to deliver finished components with
short lead times. In addition, we will now be able to bid for
global contracts that call for TSA and Cadmium plating," added
Melligeri.
The plant expansion will be operational by January 2015. The new TSA line is a newly
developed technology to replace the more hazardous traditional
Chromic Acid anodizing.
Commenting on Airbus approval for TSA line, Phillip Underwood,
President, Magellan Aerospace said, "The expansion
of the API processing facility, and the addition of the TSA line,
is a strategic investment that complements Magellan's growing
presence in India. Magellan's
approach to providing customers innovative solutions is based on
balancing investment, technology, and capability to increase the
value of our offerings. With soaring aerospace growth, this
expansion of our capabilities in the Indian market will ensure that
we are prepared to meet the growing needs of our customers with the
cost-effective and quality solutions that they have come to
expect."
According to Airbus' latest market forecast, Indian carriers
will require 1,290 new passenger aircraft valued at US$190 billion between now and 2032 to meet the
surging annual demand. The Indian annual passenger traffic
growth rate is 8.6 per cent, a figure well above the regional
Asia Pacific average growth rate
of 6.1 per cent and the world average 4.7 percent.
About Aequs
Aequs (formerly QuEST Global Manufacturing) is among
India's fastest growing precision
manufacturing companies specializing in precision machining, sheet
metal fabrication, assembly, forging, and special processing for
the aerospace, automotive, and oil & gas industries. The
company's customers include global industry leaders in these
verticals such as Bosch, Airbus, UTAS, Eaton, Baker Hughes and
Halliburton. Presently, Aequs has an automotive manufacturing
facility in Bangalore and other
manufacturing units in Belgaum, and Houston. The Belgaum facilities are located in
Aequs SEZ, India's first
integrated precision engineering ecosystem. Visit
http://www.aequs.com for more information.
About Magellan Aerospace
Magellan Aerospace is a global, integrated aerospace company
that provides complex assemblies and systems solutions to aircraft
and engine manufacturers, and defence and space agencies worldwide.
Magellan designs, engineers, and manufactures aeroengine and
aerostructure assemblies and components for aerospace markets,
advanced products for military and space markets, industrial power
generation, and specialty products. Magellan is a public company
(TSX:MAL) with operating units throughout Canada, the United
States, the United Kingdom,
India, and Poland. Visit http://www.magellan.aero for
more information.
SOURCE Aequs