Mubadala's aerostructure manufacturer contributing to Abu Dhabi Economic Vision 2030
Innovation, digitization and global value chain development to drive future growth
Abu Dhabi, UAE: Strata Manufacturing PJSC (Strata), the advanced composite aero-structures manufacturing facility wholly owned by Mubadala, today announced key business highlights for 2015 as the company continues to focus on expanding its presence across the aerospace industry through the development of local and global supply chains and the expansion of its client base.
Strata's revenue for 2015 crossed 400 million dirhams, up 27 percent on 2014 figures. During the year, Strata delivered over 433 shipsets, consisting of more than 7,511 parts - representing 29 percent growth in the total number of parts manufactured in 2014. Strata also embarked on an expansion project to increase the shop floor area to 31,500 m2, adding a new extension of 10,000 m² of usable production space to accommodate new work packages.
Commenting on the announcement, Badr Al Olama, CEO of Strata, said: "For the last five years we've focused on developing Strata's capabilities in order to become a globally competitive aerostructures manufacturer in line with the Abu Dhabi Economic Vision 2030, and we are extremely proud of our achievements to date. In 2016, we will embark on a year of transformation. This year we will accelerate into the next stage of growth - driven by innovation, digitization and the further development of global value chains."
During 2015, Strata signed a number of deals that further drove the company's global competitiveness and supply chain capabilities. Strata also placed a strong emphasis on growing its local supplier network in 2015, and now more than 50% of Strata's suppliers are based in the UAE and have developed extensive knowledge and experience of the aerospace industry. Strata also increased the spend on local procurement to almost 40 percent, an increase of 10 percent from 2014.
Deal highlights include:
- First international outsourcing agreement, valued at approximately USD120 million to subcontract its ATR vertical fin and rudder programs to GSE Industria Aeronautica srl in Italy
- Sole supplier contract to provide aileron assemblies to Airbus for the A330 and A330neo, making Strata the single source supplier of ailerons assemblies to Airbus for its A330 programs in a contract worth more than US$250 million.
- A multimillion US dollar contract to manufacture Airbus A350-1000 Flap Support Fairings (FSFs) from Swedish company Saab Aerostructures through 2023.
With the focus firmly on future growth, Strata also announced the creation of a new Research & Development (R&D) unit to support its growing portfolio of products and capabilities to develop manufacturing technologies for current and future work packages.
The R&D initiatives will be run in collaboration with Strata's international partners and local research facilities established within leading UAE academic institutions.
"Our new R&D offering promotes technological development within the aerospace industry and will strengthen Strata's global competiveness - paving the way for us to become one of the top three composite aerostructure manufacturing companies globally," Al Olama said.
Strata continues to invest in building a leading Emirati workforce in the aerospace industry, it celebrated the growth of its national capabilities within one of the most complex industries worldwide, Strata currently has 19 Emirati female Team Leaders from a group of 40 team leaders and 2 Emirati females within a group of 8 Team Supervisors. The company also celebrated in 2015 the graduation of 41 UAE nationals from the eighth and ninth classes of its Aerostructures Technician Training Program.
Created in partnership with the United Arab Emirates University (UAEU) and Lockheed Martin in 2010, the program was established to develop the knowledge base and skill set of young Emirati technicians in a hands-on and engaging environment.
Strengthening the program further, The Ministry of Social Affairs and Strata signed a Memorandum of Understanding (MoU) to partner in the advancement and skill development of UAE Nationals. The partnership aims to build a leading Emirati workforce in the aerospace industry, and strives to enhance the standard of living for people receiving social support, by providing them with professional career opportunities.
About Strata Manufacturing
Strata Manufacturing PJSC (STRATA) is a composite aero-structures manufacturing facility based in Al Ain, United Arab Emirates. Established in 2009, with production beginning in 2010, Strata has partnerships with the world's leading aircraft manufacturers, Airbus and Boeing, as well as tier one suppliers like Alenia Aermacchi, FACC AG, SAAB and S.A.B.C.A.
Strata manufactures various parts on Airbus, Boeing and ATR aircrafts:
• Airbus A330/380 Flap Track Fairings
• Airbus A330nAilerons
• Airbus A330 Spoilers
• ATR 42/72 Rudder & Vertical Fin
• Boeing 777 Empennage Ribs
• Boeing 787 Vertical Fin Ribs
Strata is wholly owned by Mubadala Development Company PJSC (Mubadala), the Abu Dhabi-based investment and development company.
About Mubadala Development Company
Established and owned by the Government of Abu Dhabi, the company's strategy is built on the creation of partnerships and on long-term, capital-intensive investments that deliver strong financial returns, contribute to the growth and diversification of Abu Dhabi's economy, and create opportunities for current and future generations in the United Arab Emirates.
Mubadala brings together and manages a multi-billion dollar portfolio of local, regional and international investments and partners with leading global organizations to operate businesses across a wide range of industry sectors. These include aerospace, semiconductors, metals & mining, oil & gas, renewables, information & communications technology, healthcare, real estate & infrastructure, utilities, and defense services.
For more information about Mubadala please visit www.mubadala.com.
Media Contact
Rosine El Feghali
Strata Manufacturing
Senior Communications Manager
M: +971 55 900 8316
RElFeghali@strata.ae
© Press Release 2016
