Daily Press, Trade press, 2015-02-18, 03:58 PM
thyssenkrupp Aerospace enters Indian skies, sets up maiden facility in Bengaluru
Expands its materials services business in the Asia Pacific region
Bengaluru, India: Aerospace materials and logistics provider ThyssenKrupp Aerospace, part of the Business Area Materials Services, today said it had forayed into the Indian skies by launching its first facility in Bengaluru with an aim to meet the rising demand of the local aerospace industry, thus strengthening its global footprint and further expanding presence in the Asia Pacific region.
ThyssenKrupp Aerospace is the largest aerospace material services company globally and also offers supply chain management facilities to the world’s foremost aerospace industries. Companies like ThyssenKrupp Aerospace enable the development of both, the aerospace ecosystem and the local industry. As per industry data, India is expected to become a large market for commercial and defence aircraft in the coming years. Therefore, the company’s foray into India is well timed, as the country has recently embarked upon an ambitious ‘Make In India’ mission and is keen to establish its manufacturing prowess globally.
“The Make in India mission is an ideal opportunity to work closely with India’s vibrant aerospace industry. Our new facility in Bengaluru is dedicated to the revival of the great Indian economic story and we are very bullish about it as it further strengthens our outlook and commitment to the growing Indian aerospace sector. It enables us to gain important market share in South Asia and brings us in close proximity to our customers to address their needs better,” Mr. Jürgen Funke, Chief Executive Officer, ThyssenKrupp Aerospace, said after inaugurating the facility in Bengaluru .
Dr. Michael Thiemann, Chief Executive Officer, ThyssenKrupp India, said, “ThyssenKrupp’s long standing relationship with the leading market players in the aerospace industry has been the value proposition that we bring to their business. We intend to extend these benefits to the blooming Indian aerospace sector by providing impetus and act as a catalyst in making India a manufacturing hub for the global market.”
Spread across a total of 3,300 square meters, the facility will stock the complete range of aerospace materials such as aluminium, titanium and steel in bars, plates, sheets, rounds and more. As a global services provider in the area of materials, processing and supply chain management ThyssenKrupp Aerospace supplies cut-to-size and machine-ready material that is shipped to the customer just-in-time.
ThyssenKrupp Aerospace supplies production materials and offers supply chain management services to the world's foremost aerospace industries. This multinational group is represented at numerous locations in the Americas, Europe, North Africa, and Asia/Pacific. Working in all the global production regions of the aerospace industry, the 1,600 employees aggregate demand across a single supply chain on behalf of the world's leading OEMs. At the same time, the ThyssenKrupp Aerospace network provides local services to cover the needs of aerospace industry suppliers worldwide.
About ThyssenKrupp India
ThyssenKrupp has around 160,000 employees in nearly 80 countries working with passion and expertise to develop technologies, products and services for sustainable progress. Their skills and commitment are the basis of our success. In fiscal year 2013/2014 ThyssenKrupp generated sales of around €41 billion.
The ties between India and ThyssenKrupp date back to 1860. Currently, with sales of about Rs. 3,000 crore, India is the third largest market for us in Asia-Pacific. Present in five diversified business areas and with ten operating units, we have over 6,000 employees across the country.
The group’s products and services range from complete plant design and engineering to building industrial plants, Marine systems and elevators to materials services, undercarriages and engine components, including heavy duty bearings.