UACE secures loan to produce aircraft metal parts locally
UACE will be able to provide aircraft manufacturers, such as Airbus/EADS, Alenia and Boeing, with locally produced metal structure parts, as opposed to shipping unprocessed components to third-party machinists in Europe.
According to the EBRD, all three major steps of the production process – casting, extrusion and machining – will be concentrated in Romania. This will strengthen the local knowledge base and help to close the technology gap.
“With UACE’s knowledge and expertise and the support of the EBRD, Romania will meet the strict requirements of the high-tech industry, an important step for it to become part of the global aerospace market,” said Claudia Pendred, EBRD Director for Romania.
“The demand for aircraft parts is likely to rise with the growth of the air transport industry that is expected to continue by almost five per cent per annum over the next 15 to 20 years globally, according to the largest aerospace manufacturers. This will maintain strong demand for new aircraft and consequently also for the aluminium parts produced by UACE over the medium to long term,” said John Ball, CEO of UACE.
UACE is part of the aerospace division of the Swiss-Austrian industrial group Montana Tech Components AG, one of the world’s four major producers of metal aerospace parts.
According to the EBRD, all three major steps of the production process – casting, extrusion and machining – will be concentrated in Romania. This will strengthen the local knowledge base and help to close the technology gap.
“With UACE’s knowledge and expertise and the support of the EBRD, Romania will meet the strict requirements of the high-tech industry, an important step for it to become part of the global aerospace market,” said Claudia Pendred, EBRD Director for Romania.
“The demand for aircraft parts is likely to rise with the growth of the air transport industry that is expected to continue by almost five per cent per annum over the next 15 to 20 years globally, according to the largest aerospace manufacturers. This will maintain strong demand for new aircraft and consequently also for the aluminium parts produced by UACE over the medium to long term,” said John Ball, CEO of UACE.
UACE is part of the aerospace division of the Swiss-Austrian industrial group Montana Tech Components AG, one of the world’s four major producers of metal aerospace parts.
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UACE, Montana Tech Components AG, EBRD
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