Nov 17, 2020 8:00 AM
thyssenkrupp Aerospace and DTL extend cooperation by a further five years
thyssenkrupp Aerospace and Dynamatic Technologies Limited (DTL) are strengthening their partnership, which dates back to 2006, with an expanded framework agreement. For a period of five years, this includes the supply of aluminum sheet and plate for the Boeing P-8 maritime patrol aircraft, the Bell 407 single-engine helicopter and related rotorcraft programs. The international manufacturer based in India produces high-tech components for the automotive and aviation industries and is a Tier 1 supplier to Airbus, Boeing and Bell.
To date thyssenkrupp Aerospace India has already been providing supply chain management services for DTL as a 3PL partner. These include just-in-time deliveries of finished aircraft components for the construction of the Airbus A330 flaptrack. “The new umbrella contract helps to strengthen our mutual expertise and use it to benefit our customers”, says Gopi Hanumanthappa, CEO thyssenkrupp Aerospace India: “Both DTL and thyssenkrupp Aerospace are strategically aligned for value added supply chain solutions across businesses and are focused on optimizing supply chains in their cooperation with customers and partners.” A further advantage is their geographical proximity: Both companies are based in Bangalore, the center of India's high-tech industry.
Udayant Malhoutra, CEO & Managing Director of Dynamatic Technologies Limited, also believes in the opportunities that will arise through even closer cooperation: “The umbrella agreement is designed to manage the entire raw material supply chain ecosystem with just-in-time deliveries and other services. This supports our strategy of creating value-added supply chain solutions and lays the foundation for the success of our core business.”
As one of the world's leading service providers in the market for raw materials, processing services and the management of complex supply chains, thyssenkrupp Aerospace supplies the required materials just-in-time, cut and machined exactly to customer specifications. The aim is for customers to be able to concentrate fully on their core business. The company has a global network of 21 countries.