ThyssenKrupp makes

ThyssenKrupp makes foray in Indian skies
Bengaluru, February 18

Aerospace materials and logistics provider ThyssenKrupp Aerospace has entered Indian skies by launching its first facility in Bengaluru with an aim to meet the rising demand of the local aerospace industry.

Aerospace materials and logistics provider ThyssenKrupp Aerospace has entered Indian skies by launching its first facility in Bengaluru with an aim to meet the rising demand of the local aerospace industry.

"The 'Make in India' mission is an ideal opportunity to work closely with India's aerospace industry. Our new facility in Bengaluru is dedicated to the revival of Indian economic story and we are very bullish about it as it further strengthens our outlook and commitment to the growing Indian aerospace sector. It enables us to gain important market share in South Asia and brings us in close proximity to our customers to address their needs better," CEO J├╝rgen Funke said after inaugurating the facility in Bengaluru.

The facility, spread across a total of 3,300 sq m, will stock the complete range of aerospace materials such as aluminium, titanium and steel in bars, plates, sheets, rounds and more.

As a global services provider in the area of materials, processing and supply chain management ThyssenKrupp Aerospace supplies cut-to-size and machine-ready material that is shipped to the customer just-in-time.

As per industry data, India is expected to become a large market for commercial and defence aircraft in the coming years. Therefore, the company's foray into India is well timed, as the country has recently embarked upon an ambitious 'Make In India' mission and is keen to establish its manufacturing prowess globally.ss

Dr Michael Thiemann, CEO Chief Executive Officer, ThyssenKrupp India, said, "ThyssenKrupp's long standing relationship with the leading market players in the aerospace industry has been the value proposition that we bring to their business. We intend to extend these benefits to the blooming Indian aerospace sector by providing impetus and act as a catalyst in making India a manufacturing hub for the global market."