Kaman Aerospace Group Inc., a subsidiary of the Bloomfield, Conn.-based and publicly traded Kaman Corp. and Kineco Pvt. Ltd. have agreed to form a manufacturing joint venture in India. The new company will be named Kineco Kaman Composites India Pvt. Ltd. The venture is based in Goa and will manufacture advanced composite structures for aerospace, imaging/medical and other industries.
“This venture comes together with the strength of a mutually shared vision that will drive and focus the joint venture to provide outstanding composite structures manufacturing solutions for our customers around the world. This strategic step is in keeping with our vision to provide our customers with a complete aerosystem solution,” said Gregory L. Steiner, president of Kaman Aerospace Group. “Our customers will benefit with a Kaman ‘One Stop’ full complement of seamless services including design, tooling, testing, certification, low rate initial production, through steady state high velocity production. In addition, mature processes with high labor content will serve as key potential opportunities to provide our customers with future step down pricing.”
“The partnership between Kineco and Kaman is a unique and special one. This joint venture formation has the potential to become an extraordinary event for Indian business and the global aerospace industry,” said Shekhar Sardessai, chairman and managing director of Kineco. “This relationship will foster and develop opportunities for both companies from uncharted territories.”
18/10/12 Indus Business Journal
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“This venture comes together with the strength of a mutually shared vision that will drive and focus the joint venture to provide outstanding composite structures manufacturing solutions for our customers around the world. This strategic step is in keeping with our vision to provide our customers with a complete aerosystem solution,” said Gregory L. Steiner, president of Kaman Aerospace Group. “Our customers will benefit with a Kaman ‘One Stop’ full complement of seamless services including design, tooling, testing, certification, low rate initial production, through steady state high velocity production. In addition, mature processes with high labor content will serve as key potential opportunities to provide our customers with future step down pricing.”
“The partnership between Kineco and Kaman is a unique and special one. This joint venture formation has the potential to become an extraordinary event for Indian business and the global aerospace industry,” said Shekhar Sardessai, chairman and managing director of Kineco. “This relationship will foster and develop opportunities for both companies from uncharted territories.”
18/10/12 Indus Business Journal
