Safran and Maini Precision Products sign supply contract for LEAP engine guide vanes
Le Bourget (France), June 23, 2017
Safran Aircraft Engines has taken a significant step forward in its commitment to the Indian government's "Make-in-India" initiative by choosing Maini Precision Products (MPP) to manufacture the low-pressure turbine (LPT) guide vanes for LEAP engines. Safran Aircraft Engines signed a contract with Bengaluru-based MPP today at the Paris Air Show.
Dominique Dupuy, Senior Vice President for Purchasing at Safran Aircraft Engines, and Gautam Maini, Managing Director of Maini Precision Products Limited, signed the ten-year contract, with Bruno Durand, Senior Vice President, Manufacturing & Supply Chain, Safran Aircraft Engines, also in attendance.
These sophisticated guide vanes will be manufactured at a new MPP plant now under construction in the Bommasandra Industrial Area in Bengaluru, Southern India. This contract represents a significant rise up the technology value chain for the Indian aerospace industry, and will also pave the way for Safran and Maini to examine other opportunities for the manufacture of critical aero-engine parts in India. At the same time, this project significantly expands Safran's presence in India.
Maini's relationship with Safran Aircraft Engines started 12 years ago with the supply of parts for the best-selling CFM56 commercial engine. Since 2015, MPP has also become a supplier on Safran's LEAP engine, successor to the CFM56, and the Silvercrest business jet engine. With this contract Maini expands its contribution to the new LEAP engine, which has gotten off to a very successful start, with more than 14 000 orders.
Following the contract signature, Dominique Dupuy, Senior Vice-President for Purchasing at Safran Aircraft Engines, said, "We are delighted to extend our partnership with Maini, which has been a reliable partner for more than a decade. This contract also reflects our solid commitment to the ‘Make in India' vision."
Gautam Maini, Managing Director of Maini Precision Products, added, "We, at Maini Precision, Products are proud to strengthen our engagement with Safran, a major group that plays a pivotal role in the growth of our aerospace sector. We believe that this milestone agreement validates our capabilities in this sector."
Safran is an international high-technology group and tier-1 supplier of systems and equipment in the Aerospace and Defense markets. Operating worldwide, Safran has nearly 58,000 employees and generated sales of 15.8 billion euros in 2016. Safran is listed on the Euronext Paris stock exchange, and its share is part of the CAC 40 and Euro Stoxx 50 indices
For more information : www.safran-group.com / Follow @Safran on Twitter
Safran Aircraft Engines designs, produces, sells, alone or in partnership, commercial and military aircraft engines offering world-class performance, reliability and environmental-friendliness. Through CFM International*, Safran Aircraft Engines is the world's leading supplier of engines for short and medium-haul commercial jets.
*CFM is a 50/50 joint company between Safran Aircraft Engines and GE
About Maini Group
Founded in 1973 by Dr. S. K. Maini, The Maini group is a diversified group of three companies with a history of more than four decades of Innovation, technology and sustainability. The group caters to multiple segments like Automotive, Aerospace, Industrial, Material Handling and Warehousing Solutions,. Maini Group designed and manufactured India's First electric car: the Reva. Maini Precision Products Ltd (MPP) is the flagship company of Maini Group. Today, MPP is a One-Stop-Shop with high-end machining and assembly facilities catering to a global clientele.
Charles SORETT +33 (0)1 69 87 09 29 • M +33 (0)6 31 60 96 79