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Will invest
$25 million over 3 yrs to enable QuEST to provide concept to
realization solutions to its customers and make QuEST a key
player to Aerospace industry; Magellan Aerospace and QuEST
Manufacturing Sign a 10 Year Strategic Agreement.
QuEST, a leading provider of engineering services, offering
end-to-end product development and engineering solutions,
today announced the expansion into Aerospace Manufacturing
through a fully owned subsidiary ─ QuEST Machining and
Manufacturing. QuEST Machining and Manufacturing will
provide precision machined components to aerospace
companies.
QuEST Machining and Manufacturing signed a 10 year strategic
agreement with Magellan Aerospace, one of the world’s
largest aerospace suppliers. Magellan Aerospace is QuEST’s
first major aerospace customer for manufacturing. Under the
agreement, QuEST Machining and Manufacturing will provide
Magellan Aerospace with manufacturing of components such as
landing gear parts for the Boeing 747, 777 and 787 programs.
This venture by QuEST brings together the manufacturing
technology, assets, and experience necessary to provide
value added manufacturing solutions in the rapidly growing
Indian aerospace industry and help its customers meet the
offsets requirements.
“With this expanded offering, QuEST is pioneering the
concept-to-realization of products, as well as reinforcing
our commitment of a partnering approach towards our
customers,” said Mr. Aravind Melligeri, President & CEO of
QuEST Machining and Manufacturing.
The USD 25 million investment will go towards setting up the
infrastructure and machinery over the next 3 years. The
Start-up facility size is 20,000 sq. ft., with a capacity of
25,000 machining hours using state-of-the-art 3/4/5 axis
machining centres. This facility will also include
full-fledged quality inspection equipment.
“At Magellan, we are pleased to select QuEST Machining and
Manufacturing as our strategic supplier in India for our
manufacturing requirements. QuEST Machining and
Manufacturing is committed to invest in the technology,
manufacturing capabilities, and capacities required to
support aerospace market needs,” said Mr. Konrad Hahnelt,
Vice President, Strategic Global Sourcing, Magellan
Aerospace. “QuEST’s comprehensive concept-to-realization
solutions will complement Magellan’s experience and
knowledge of aerospace manufacturing and processes and will
generate value for Magellan and its global customers.”
“We are extremely honoured to have been selected by Magellan
Aerospace as their partner of choice for manufacturing in
India. Magellan is a highly respected name in the industry
to have as our customer and we are looking forward to
working with them,” said Mr. Aravind Melligeri, President &
CEO, QuEST Machining & Manufacturing. “This strategic
relationship will enhance our competitive position as well
as endorse the fact that we are leading suppliers of
end-to-end product development and delivery.”
About Magellan Aerospace
Magellan Aerospace Corporation is one of the worlds most
integrated and comprehensive aerospace industry suppliers.
Magellan designs, engineers, and manufactures aeroengine and
aerostructure assemblies and components for aerospace
markets, advanced products for military and space markets,
and complementary specialty products. Magellan is a public
company whose shares trade on the Toronto Stock Exchange (TSX:
MAL), with operating units throughout Canada, the United
States and the United Kingdom. For more information, visit
www.magellan.aero.
About QuEST
QuEST is a leader in engineering services, offering
end-to-end product development and engineering solutions to
global majors. QuEST supports product development
initiatives for its customers by leveraging its Global
Product Development (GPD) business model, through
engineering centers established in 3 different continents.
QuEST's expertise ranges from concept design, detailing and
analysis, to product realization solutions in the following
domains: Aerospace, Civil Structures, Power Generation,
Industrial Products, Oil & Gas and Transportation. QuEST
uses Six Sigma methodology, ISO and AS9100 certified
processes to provide better, faster and more value-optimized
solutions to its customers. Its technically competent and
truly global engineering team consists of over 900 engineers
across India, US, Italy, UK, Germany and Japan. For more
information, visit
www.quest-global.com.
Source :
http://www.businesswireindia.com/PressRelease.asp?b2mid=11121
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