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- MPP and MGA sign a long term agreement with MTU for a multi-year contract
- MTU selects MGA as partner company in India to meet their stringent quality delivery needs
Maini Precision Products Pvt Ltd (MPP) including its subsidiary company in aerospace Maini Global Aerospace Pvt Ltd (MGA) have created another landmark and on 10th of February 2011, entered into a Long Term Agreement with the Munich based aero-engine major MTU Aero Engines. The contract involves precision aero-engine components for the major engine programs including GP7000, V2500 & EJ200. These engines are being used in A380, A320 family & combat aircraft Eurofighter Typhoon. It is a multi-year, contract that will place MGA as a strategic supplier in MTU’s supply chain.
Maini Precision Products Pvt. Ltd (MPP) is the flagship company of Maini Group. The Maini Group is a fast growing and multi-facet group, based at Bangalore, is engaged in manufacturing of high precision and innovative engineering products. MPP is headed by the energetic and dynamic entrepreneur, Mr. Gautam Maini and has a global customer base, that exports high quality precision components and sub assemblies world over which meets stringent quality requirements of OEMs.
MGA has been assessed by MTU over last one year and selected, as Partner Company in India to meet its stringent quality and delivery needs.
The contract was signed by Mr Gautam Maini and Mr Naresh Palta on behalf of Maini group, and by Mr. Theodor Pregler, Senior Vice President- Procurement & Logistics and Mr. Johannes Bloch, Director Procurement- Discs, Rings & Assembly Components on behalf of MTU Aero Engines.
Mr. Gautam Maini said that “Maini Precision Products along with Maini Global Aerospace have worked very hard to lay the right foundation for an exponential growth in future in the area of Aerospace and Defence. In the aerospace business one has to have a very clear long-term focused vision to become a substantial player in the future. The Maini Group is a front runner as it has been dealing with the West for over 28 years and understands the requirements of this stringent market.”
While addressing the media, Mr. Naresh Palta, CEO, MGA said, “We are proud to be associated with MTU, as its Indian partner. With the commercial aero engine market being expected to generate about US$ 740 billion sales over the next 20 years, we are now looking forward to grow the relationship with MTU on a strategic level.”
With a turnover of over USD 3.5 Billion, MTU Aero Engines is Germany's leading aircraft engine manufacturer and an established global player in the industry. Based in Munich, the company engages in the development, manufacture, marketing and support of commercial and military aircraft engines and industrial gas turbines. Technologically, MTU commands full engine systems integration capabilities, being a leader in the major engine areas and excelling especially in low-pressure turbines and high-pressure compressors, as well as manufacturing and repair techniques. In the military arena, MTU is Germany's industrial lead company for practically all engines flown by the country's military. MTU Maintenance is the world’s largest independent provider of commercial engine services. The company, founded in 1934, has more than 7000 employees and has facilities at various locations in Europe, USA and Asia. MTU is currently partnering with major aero-engine manufacturers like GE, Pratt & Whitney & Rolls-Royce for engine programs like GP7000, GEnx , EJ200 & V2500.
MGA has emerged as a diversified success of Bangalore based Maini Group and has focus on Aero Structures, Aircraft Systems and Support Equipment to meet various customer needs. It considers the association with MTU as of immense strategic value, positioning it now as a key sub-sources for practically all-leading engine manufacturers. The MTU partnership is a further stamp of creditable capability and performance.