• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money
Moneycontrol

Home » News » Business

Feb 14, 2017, 02.37 PM | Source: PTI

Mahindra Aerostructures signs MoU with French firm Segnere

The partnership with Segnere, which was announced at the 11th edition of the five-day biennial air show Aero India, supports Mahindra's intent to expand its existing capabilities to produce hard-metal parts (titanium, inconel and aerospace steels) and then to collaborate on other technologies, the company said in a release.

Like this story, share it with millions of investors on M3

Mahindra Aerostructures signs MoU with French firm Segnere

The partnership with Segnere, which was announced at the 11th edition of the five-day biennial air show Aero India, supports Mahindra's intent to expand its existing capabilities to produce hard-metal parts (titanium, inconel and aerospace steels) and then to collaborate on other technologies, the company said in a release.

Post Your Comments

Share Cancel

| 2 Comments
Mahindra Aerostructures signs MoU with French firm Segnere
Mahindra Aerostructures today said it has partnered with French firm Segnere SAS to collaborate on airframe manufacturing opportunities and expand capabilities for the global aerospace market.

Mahindra Aerostructures, part of USD 17.8 billion Mahindra Group, operates a 25,000 sq mt manufacturing facility near Bengaluru.

The partnership with Segnere, which was announced at the 11th edition of the five-day biennial air show Aero India, supports Mahindra's intent to expand its existing capabilities to produce hard-metal parts (titanium, inconel and aerospace steels) and then to collaborate on other technologies, the company said in a release.

"We are continuously looking at opportunities to be closer to our customers and to sharpen our value proposition.

This relationship with Segnere is further proof of the group's commitment to continuously invest in growth," S P Shukla, Chairman, Mahindra Aerospace said in the release.

He is also Group President-Aerospace & Defence, Mahindra Group.

The company's manufacturing facility exports detailed parts, sub-assemblies and primary structural components to the customers world-wide. It had started commercial deliveries in January 2015.

Headquartered in Tarbes near Toulouse, Segnere SAS operates three production facilities in France and a subsidiary in Tunisia and has specialisation in hard metal parts and assemblies.

"We are thrilled to partner with Mahindra Aerospace to address our customers' cost, capability and capacity requirements," Jean Michel Segnere, President of Segnere SAS said.

Mahindra experience in manufacturing, coupled with a significant desire to invest in aerospace and Segnere's long association with Airbus and other OEMs, present a unique opportunity for growth,he added.

"We will work together to leverage our combined experience and expertise to meet the strategic sourcing priorities of our customers. Segnere provides us a footprint in France while we provide opportunities to work together in the larger global marketplace," Arvind Mehra, ED & CEO of Mahindra Aerospace said.

Buy, Hold, Sell ? Hear it first on M3
Mahindra Aerostructures signs MoU with French firm Segnere
New Member
0 Followers

Price when posted: BSE: Rs149.15 ( -1.71 % ), NSE: Rs. 149.00 ( -1.72 % )

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login