Strand Aerospace Malaysia signs resourcing agreements with SNECMA (Safran group) and AKKA Technologies.
FARNBOROUGH, UNITED KINGDOM, 10 JULY 2012 - Strand Aerospace Malaysia (SAM) the lead company in the Economic Transformation Programme initiative to grow Malaysia's Engineering Services industry today signed a resourcing agreement with SNECMA (Safran group) and AKKA Technologies at one of the world's premier airshows here in the United Kingdom.
The agreement was signed by Didier Desnoyer, Vice President of SNECMA's Military Engine division, Jean-Franck RICCI, Executive Vice President of AKKA Technologies and Naguib Mohd Nor, Chief Operating Officer of SAM.
The agreement address initiatives of the Malaysian Economic Transformation Programme (ETP) to increase high end design and analysis workflow to Malaysia through strategic alliances with large Multi National Companies (MNC's).
Through these agreements, the parties are targeting contract values upwards of RM 5million per year in Engineering Services manhours.
Malaysia's Minister of Defense, Dato Seri Zahid Hamidi was on hand to witness the event that represents a significant milestone in the advancement of Malaysian aerospace technology. This agreement will see SAM's expert Malaysian engineers engaged in the design of aircraft engines and structural components.
SNECMA, one of the world's leading manufacturers of aircraft and space engines, is willing to expand through this agreement its engine design capabilities and to develop its long term business with Malaysia on major civil and military aviation programs.
Similarly AKKA Technologies a world leading Engineering Services company aims through this strategic alliance to increase its manpower capacity as well as provide a capability to support its future Asian markets.
Didier Desnoyer commented, "The signing of this agreement reflects SNECMA's commitments to bolstering innovation capabilities for Malaysia's aerospace engineering services sector."
Jean-Franck RICCI said, "This strategic cooperation achieves the goals of Malaysia's Economic Transformation Programme's, Entry Point Project 5 (EPP5), 'Growing Large Pure Play Engineering Services' which simultaneously addresses the continual need of our organisation to source the best engineering talent globally."
With a strong existing base, Malaysia is well-positioned to grow Engineering Services. It has a large number of engineering graduates to fill its workforce needs. It has also strong domestic demand, driven by the local aerospace manufacturing and MRO industries.
Moreover, Malaysian companies already possess expertise in composite materials, which are increasingly being used across industries.
SAM's Chief Operating Officer Naguib Mohd Nor, said, "The ETP forecasted that this level of engagement with such industry powerhouses to only occur at the end of the third year of the ETP's execution. We are today only mid way through the second year of the ETP."
"This is evidence of how serious the Malaysian Government is in realizing a new future for our country. The Engineering Services industry gives our nation a short cut to technology by capitalizing solely on our greatest potential, our people."
About Strand Aerospace Malaysia
Strand Aerospace Malaysia (SAM) is an established supplier of high end engineering services. The company holds both international (AS9100) and OEM certification to conduct its activities. The company was founded in 2006 by Naguib Mohd Nor upon returning from serving the UK aerospace industry.
SAM specializes in the design of aircraft components and utlizes Malaysian engineering resource exclusively. In 2010 the company was selected to lead Business Services Entry Point Project 5 "Growing Large Pure Play Engineering Services" under the ETP.
The goal of the EPP is to create an industry employing up to 11,500 Malaysian engineers by the year 2020 which will bring USD1.1billion in GNI annually. Under this unique partnership with the Government of Malaysia the company is augmenting its Engineering Services capability and capacity through planned expansion and focussed development of its Malaysian engineers.
About AKKA Technologies
AKKA Technologies, a European Group specialising in Engineering and Technological Consulting, works with prestigious clients in industry and the service sector at every stage of their projects, from R&D and studies right through to the manufacturing process.
AKKA Technologies develops complementary areas of expertise to offer real added value to its clients in a broad range of sectors: aviation, automotive, space/defense, consumer electronics, telecommunications, chemicals, pharmaceuticals, steelworks, energy, rail, naval and the service sector to name but a few.
Thanks to the mobility of its teams and international profile, AKKA Technologies is involved in projects using cutting edge technology around the world.
AKKA Technologies has over 10,000 employees and operates in over 27 countries: Germany, North America, Belgium, Bulgaria, Canada, China, UAE, Spain, France, Hungary, Italy, India, Luxembourg, Morocco, Netherlands, Poland, Czech Republic, Romania, UK, Switzerland, Tunisia. AKKA focuses on building a group of 1 billion euros, of which 50% outside France.
AKKA Technologies is listed on EuronextTM Paris - Compartiment B -ISIN Code: FR0004180537. For further information go to www.akka.eu
SNECMA (Safran group) is one of the world's leading manufacturers of aircraft and space engines, with a wide range of propulsion systems on offer. The company designs and builds commercial aircraft engines - including the CFM56 world leader and the new-advanced turbofan LEAP* - that are powerful, reliable, economical and environmentally friendly, along with military aircraft engines that have always delivered world-class performance.
SNECMA also develops and produces propulsion systems and equipment for launch vehicles and satellites. EngineLife®, a new brand for SNECMA's service business, offers a complete range of engine Maintenance, Repair and Overhaul (MRO) services to airlines, armed forces and operators.
SNECMA's military flagship products include the M88 for the Rafale (multirole combat aircraft), and the TP400 turboprop, produced by a European consortium, for the Airbus A400M military transport. Designed for the Rafale built by Dassault Aviation, the M88 now powers both air force and naval versions. It is particularly well suited to low-altitude penetration and high-altitude interception missions. *CFM56 and LEAP engines are produced and marketed by CFM International, a 50/50 joint company between SNECMA (Safran group, France) and GE (USA).
SNECMA Press Contact
Tel +33(0)16 987 0928
Tel: +33(0)16 987 0929
Strand Aerospace Malaysia Press Contact
AKKA Technologies Press Contact
Tel: +33 (0)6 6414 9587