Strata Manufacturing PJSC (Strata), the advanced composite aero-structures manufacturing company, wholly owned by Mubadala Development Company, and ACITURRI AERONÁUTICA S.L., a tier 1 supplier for aeronautic industry OEM´s, and a family-run company owned by Clemente Zarate family, have signed a Memorandum of Understanding (MoU) to collaborate on contributing to the advancement of the global aerospace sector by strengthening vital supply chain capabilities and bi-lateral ties between Spain and the United Arab Emirates.
The MoU was signed at the Global Manufacturing and Industrialization Summit (GMIS), Abu Dhabi, by Badr Al-Olama, CEO of Strata and Ginés Clemente Ortiz, CEO of Aciturri. GMIS is the world’s first global manufacturing summit, and is hosted by the UAE Ministry of Economy and the United Nations Industrial Development Organization (UNIDO).
The partnership, will look to explore possible opportunities of work transfer and sub-contracting of existing work packages that align with each company’s vision based on current business capabilities and technology roadmap.
Commenting on the news, Al Olama stated: “Strata aims to become a world-leader in composite aero-structures manufacturing and seeks growth capabilities by unlocking opportunities with strategic partners. This collaboration with Aciturri has the potential to strengthen Strata’s global footprint whilst reinforcing our commitment to Abu Dhabi’s roadmap for economic progress. It’s vital that the aerospace industry looks to utilize transformational and automated equipment that can lead to new economies of scale. Partnerships between industry leaders, such as this one, will foster knowledge sharing and ensure the promise of new technologies deliver real results for the global aerospace community.”
Ginés Clemente Ortiz, CEO of Aciturri added: “After 40 years working for the aeronautic industry we believe that providing solutions for the challenges posed by a globalized industry require collaboration agreements between firms with a universal strategy. The MoU signed today contains a commitment from Strata and Aciturri to provide new ways for managing aerostructure and manufacturing industry projects. This would encompass the entire value chain and optimize our combined resources, to enhance our technological capacities and boost our competitiveness level.”
Under the agreement, Strata and Aciturri will consider new opportunities to strengthen their presence in the global aerospace supply chain, including collaboration for shared resources and capabilities. Both companies will leverage their strengths in technology, human capital and existing knowledge of aero-structures to further advance their competitive advantage within one of the most high-tech and innovative sectors in the world.
The potential partnership will also explore the viability of new commercial capabilities and the possible establishment of a new facility located overseas.