Kaman Aerospace Group and Kineco Private Limited have announced that they have signed a definitive agreement to form a manufacturing joint venture in India.
The new company will be named Kineco Kaman Composites India Pvt. Ltd and is based in Goa, the new company will manufacture advanced composite structures for aerospace, imaging/medical and other industries.
Gregory Steiner, President of Kaman Aerospace Group, commented,
Our customers will benefit with a Kaman “One Stop” full complement of seamless services including design, tooling, testing, certification, low rate initial production, through steady state high velocity production. In addition, mature processes with high labor content will serve as key potential opportunities to provide our customers with future step down in pricing.
The joint venture will conduct its operations out of the existing Kineco composites manufacturing facility in Goa and is expected to initially employ approximately 50 experienced composite manufacturing employees, who are already producing complex composite structures utilising the latest carbon material and autoclave curing technology.