Nov 17, 2020 9:00 AM
DTL and thyssenkrupp Aerospace agree on extended umbrella contract
thyssenkrupp Aerospace is expanding its cooperation with Dynamatic Technologies Limited (DTL). The international manufacturer based in India produces high-tech components for the auto and aerospace industries and is a Tier 1 supplier to Airbus, Boeing and Bell. The extended contract with thyssenkrupp Aerospace will run for five years and covers the supply of aluminum sheet and plate for the Boeing P-8 maritime patrol aircraft, the Bell 407 single-engine helicopter and related rotorcraft programs.
To date thyssenkrupp Aerospace India has already been providing supply chain management services for DTL as a 3PL partner. These include just-in-time deliveries of finished aircraft components for the construction of the Airbus A330 flaptrack.
“The new umbrella contract helps to strengthen our mutual expertise and use it to benefit our customers”, says Gopi Hanumanthappa, CEO thyssenkrupp Aerospace India: “Both DTL and thyssenkrupp Aerospace are strategically aligned for value added supply chain solutions across businesses and are focused on optimizing supply chains in their cooperation with customers and partners.” A further advantage is their geographical proximity: Both companies are based in Bangalore, the center of India's high-tech industry.
Udayant Malhoutra, CEO & Managing Director of Dynamatic Technologies Limited, also believes in the opportunities that will arise through even closer cooperation: “The umbrella agreement is designed to manage the entire raw material supply chain ecosystem with just-in-time deliveries and other services. This supports our strategy of creating value-added supply chain solutions and lays the foundation for the success of our core business.”
DTL chose thyssenkrupp Aerospace for this task: As one of the world's leading service provider in the market for raw materials, processing services and management of complex supply chains thyssenkrupp Aerospace had developed a viable and effective solution in close collaboration with DTL.
About thyssenkrupp Aerospace
As one of the world's leading service providers in the market for raw materials, processing services and the management of complex supply chains, thyssenkrupp Aerospace supplies the required materials just-in-time, cut and machined exactly to customer specifications. The aim is for customers to be able to concentrate fully on their core business. The company has a global network of 21 countries.