AERO INDIA
2019
BANGALORE, India, Feb. 19, 2019 /CNW/ - Magellan Aerospace
Corporation ("Magellan") announced today, the opening of the
company's manufacturing and assembly facility in India. The
new 100,000 square foot Magellan Aerospace (India) Pvt. Ltd. facility, constructed on
seven acres in Hitech Defence and Aerospace Park (Aerospace SEZ
Sector) in Devanahalli, near the Bangalore International Airport, was completed
at the end of 2018 and the process of installing and commissioning
the high speed machining centres is underway.
Magellan's new cellular machining and assembly plant will
specialize in high speed milling and turning of aerostructure and
aeroengine components produced from both aluminium and hard metal
materials. Combined with comprehensive processing and hard
metal machining capabilities from Magellan's two longstanding joint
ventures in India, API Surface
Treatments and Triveni Aeronautics Pvt. Ltd., Magellan is one of
the largest suppliers of 'Make in India' manufactured commercial aircraft
components today.
Magellan established a presence in India's aerospace sector more than a decade
ago and has continued to invest and grow their footprint. The plant
will create up to 120 high technology and support positions, and
will be equipped with a comprehensive range of high speed 4/5-axis
machining centres, selected to optimise manufacturing,
competitiveness and efficiency. The completion of Magellan
Aerospace (India) in 2018 marked
the close of phase one of a two-phase construction plan that will
see the facility grow to 140,000 square feet in the future.
Mr. Haydn Martin, Vice President,
Business Development, Marketing and Contracts, Magellan Aerospace
said, "Magellan is excited to officially launch this important new
venture in India at the Aero India
2019 show". "This new facility, coupled with Magellan's
extensive machining operations in Europe and North
America offer an exceptional and full range of solutions for
our customers in meeting their operational and value
requirements."
About Magellan Aerospace Corporation
Magellan Aerospace Corporation is a global aerospace company
that provides complex assemblies and systems solutions to aircraft
and engine manufacturers, and defence and space agencies worldwide.
Magellan designs and manufactures aeroengine and aerostructure
assemblies and components for aerospace markets, advanced
proprietary products for military and space markets, and provides
engine and component repair and overhaul services worldwide.
Magellan is a public company whose shares trade on the Toronto
Stock Exchange (TSX: MAL), with operating units throughout
North America, Europe, and India.
Forward Looking Statements
Some of the statements in this press release may be
forward-looking statements or statements of future expectations
based on currently available information. When used herein, words
such as "expect", "anticipate", "estimate", "may", "will",
"should", "intend", "believe", and similar expressions, are
intended to identify forward-looking statements. Forward-looking
statements are based on estimates and assumptions made by the
Corporation in light of its experience and its perception of
historical trends, current conditions and expected future
developments, as well as other factors that the Corporation
believes are appropriate in the circumstances. Many factors could
cause the Corporation's actual results, performance or achievements
to differ materially from those expressed or implied by the
forward-looking statements, including those described in the "Risk
Factors" section of the Corporation's Annual Information Form
(copies of which filings may be obtained at www.sedar.com). These
factors should be considered carefully, and readers should not
place undue reliance on the Corporation's forward-looking
statements. The Corporation has no intention and undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
SOURCE Magellan Aerospace Corporation