Strata Manufacturing and Premier Composite Technologies sign US$16.5 million agreement

by / lundi, 25 août 2014 / Published in Industrie

Strata and UAE-based Premier Composite Technologies sign 10 year contract to treat composite materials on Strata’s Airbus A380 flap track fairing program.

Strata Manufacturing PJSC, the advanced composite aerostructures manufacturing facility wholly-owned by Mubadala Development Company, announced the signing of a ten year, US$16.5 million agreement with UAE-based Premier Composite Technologies (PCT). The agreement sees Strata outsourcing a central function in the treatment of composite materials for the production of A380 Flap Track Fairings to PCT.

By outsourcing the honeycomb core cutting function on the A380 Flap Track Fairing program to PCT, Strata benefits from time and effort spent on the processing of these materials, in addition to reduced inventory days on raw material, working capital savings, and the availability of 400 square meters of factory floor space which can be utilized in the production process.

This year, Strata’s procurement from local suppliers amounted to 30%, a percentage it is working towards increasing annually.

READ MORE : http://www.jeccomposites.com/news/composites-news/strata-manufacturing-and-premier-composite-technologies-sign-us165-million-agre

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