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Home arrow Aerospace arrow QuEST Global SEZ inks 3 MoUs for key aerospace manufacturing projects
QuEST Global SEZ inks 3 MoUs for key aerospace manufacturing projects Print E-mail
Written by Arjun   
Tuesday, 17 November 2009
Belgaum: Aerospace engineering & manufacturing major, QuEST Global has formally launched India's first aerospace precision engineering & manufacturing ecosystem - the QuEST Global Special Economic Zone (SEZ) in Belgaum, Karnataka on November 14th. The company has signed MOUs with 3 major players in the aerospace manufacturing space - SABCA (Société Anonyme Belge de Constructions Aéronautiques), Magellan Aerospace Ltd. and Farinia SA.

An initial investment of RS 150 crores has already been made in this SEZ, spread over 300 acres of land. The SEZ currently houses an engineering services facility, a precision machining facility, sheet metal facility within the Aerospace Processing India (API) unit.

"We are looking forward to create more than 7000 jobs locally and infuse $500 million to the economy in the coming 10 years. This ecosystem at SEZ will provide an ideal platform to help our customers & partners in discharge their offset obligations," said Aravind Melligeri, Co-founder and Chairman, QuEST Global.

Airbus A-350XWB Flap track mechanism metallic parts manufacturing and assembly work from S.A.B.C.A

QuEST Global Manufacturing has signed a MoU with Belgian aerospace major, S.A.B.C.A to manufacture metallic parts and assembly work for the Airbus A-350XWB Flap Track Structures. S.A.B.C.A primarily focuses on space, civil aviation and defense. This contract extends the relationship from the current A-380 manufacturing to the Airbus A-350XWB.

The current deal is worth $100million over the next 10 years for the Airbus A-350XWB program.

“This contract is significant in terms of, both magnitude and the value which is expected to be $100 million over the next ten years .S.A.B.C.A has been our trusted partner over the last 4 years and this contract will be executed in our SEZ which has been set up with a view to providing complete end-to-end ecosystem and design to build services to our partners,” said Aravind Melligeri, Chairman & Co-founder, QuEST Global.

“The A350 is one of the most awaited aircrafts expected to be rolled out in 2013. We see in QuEST, a competent, quality conscious partner that helps us to increase our overall performance. This is further enhanced with the SEZ, now capable of taking on start to finish projects leading to many advantages for us in the manufacturing space. We wish the QuEST team all the best for their future projects,” said Daniel Blondeel, Chief Executive Officer, S.A.B.C.A

QuEST Global Manufacturing and Magellan Aerospace sign a MoU to evaluate setting up an aero-engine focused manufacturing facility
 
QuEST Global has signed a MoU with Magellan Aerospace limited to evaluate to set up a new dedicated facility in the QuEST Global SEZ, Belgaum to manufacture components and subassemblies for aero engines.
 
“Magellan has been our first partner since the SEZ became operational with the setting up of the API (Aerospace Processing India). The extension of this partnership will look to set up an Aero-engine focused manufacturing facility that will achieve US $50million per year revenue in year 5 of operations,” said Aravind Melligeri, Chairman & Co-founder, QuEST Global.

“Earlier this year, we partnered with QuEST Global Manufacturing to set up the API located in QuEST Global SEZ. The location has proved to be very convenient in increasing our operations efficiency. We look forward to extending this partnership into aero-engine component manufacturing and assembly,” said Konrad Hahnelt, Vice President of Magellan Aerospace Limited.
 
QuEST Global Manufacturing and Farinia sign a MOU to evaluate the establishing of an aerospace forging facility in QuEST Global SEZ, Belgaum, Karnataka, India

QuEST Global has signed a MOU with FARINIA GEIE SA, a French foundry and forgings company to establish an aerospace forging facility in India.

“QuEST is proud to be associated with Farinia in setting up an aerospace forging facility in QuEST Global SEZ. Farinia is known for its expertise in the foundry and forging arena and this partnership will enable us to scale up operations by increasing the value supply chain,” Aravind Melligeri, Chairman & Co-founder, QuEST Global.

“We look at this strategic tie up with QuEST Global adding to our overall growth. The ecosystem within the QuEST Global SEZ will be instrumental in achieving vertically integrated product solutions for Aerospace customers out of India” - said Farinia spokesperson, Frédéric Guinot, CEO, FARINIA GEIE.

The Aerospace Processing India (API) unit is a joint venture (JV) with Magellan Aerospace. The JV runs as an independent operating company, providing approved aerospace treatments that are not readily available in India.

"Bangalore is perceived to be the India hub for the aerospace sector, and today the QuEST Global SEZ in Belgaum has opened up newer avenues to attract foreign investors in the manufacturing space as well. We are now poised to offer international level expertise with competent local talent and corporate commitment," said Hon’ble Chief Minister of Karnataka, B.S. Yeddyurappa on the occasion.

"The Indian aviation industry is being watched closely by all global majors and is on a steady growth path. We fully support the vision of entities like QuEST Global, who by setting up this project have displayed their commitment towards growing not only the economy, but also the development of local areas, " said Hon’ble Union Minister for Civil Aviation, Praful Patel.

"We, at QuEST Global had envisioned setting up India’s first aerospace precision engineering & manufacturing ecosystem to provide ‘design-to-build’ solutions," said Aravind Melligeri. The company looks at establishing partnerships to bridge the capability gaps in the aerospace industry and to provide ‘Built-to-Suit’ facility for the aerospace industry suppliers.

 
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