thyssenkrupp Aerospace and Magellan Aerospace have agreed on “intensive co-operation” for the coming years.
In a contract valued at around $30 million per annum, thyssenkrupp will handle the entire warehouse and supply chain management of raw materials as well as other processing services for the Magellan facilities in Europe and India.
The deal also has the potential to grow further through additional material supply and value-added services, such as billet preparation and water-jet cutting.
The main product group is aluminium plate, which will be serviced from the thyssenkrupp Aerospace UK operations in Belfast and Birmingham, with the tube and extrusion products supplied from the thyssenkrupp Aerospace UK site in Milton Keynes.
About 10% of the volume will be provided by the thyssenKrupp agrees deal with Magellan Aerospace facilities in Poland and India.
Laura Holmes, CEO of thyssenkrupp Aerospace, said: “The new long-term agreement with Magellan Aerospace is an important step in our strategic evolution and a vote of confidence in our strength as a global partner to the aerospace industry.”
As one of the leading global providers of production and raw materials, processing services and the management of complex supply chains, thyssenkrupp Aerospace supplies the required materials just in time, cut and machined precisely to customer specifications.
The company has a world-wide network of 44 locations in over 20 countries, with more than 1,800 employees.