Abu Dhabi, UAE: Tawazun Precision Industries (TPI), the precision manufacturer and subsidiary of the Tawazun Group, has announced a partnership with Rheinmetall Air Defence (RAD), a subsidiary of the Germany-based Rheinmetall Defence. The agreement will see TPI and RAD collaborate for the production of several major components for the Oerlikon Skyshield C-RAM System (a state-of-the-art system designed to defend civilian or military assets from attacks) which historically, have been produced by other foreign contractors in the past.
TPI already delivered the first components to RAD for implementation in the Skyshield System. This industrial partnership between TPI and RAD entails a joint sharing of expertise and technology between both companies. It sheds light on TPI's ability to compete in an international market that requires sophisticated manufacturing of precision Air Defence Gun and Fire Control System components. All future Oerlikon Skyshield C-RAM System marketed worldwide will comprise various components manufactured by the UAE-based TPI.
Muatassem Awda, Chief Executive Officer of Tawazun Precision Industries said: "The UAE is steadily being recognized as an industrial hub, and TPI is playing an important role by contributing to the evolving precision manufacturing industry. As a UAE-based company, we are proud to have signed a long term agreement with yet another international customer, which is testament that we are being recognized as a strong partner that can deliver precision components to the highest quality in support of their global needs."
"We are very proud to have found in TPI a reliable partner who guarantees us a high level of skill to help enable Rheinmetall Air Defence deliver on its commitment to serve our global market, and support the role TIP is playing in contributing to the UAE's industrial backbone," said Kurt Rossner, CEO of Rheinmetall Air Defence.
TPI acts as both a manufacturer and a service center to a number of UAE-based operating companies and agents, as well as internationally renowned organizations delivering components to the oil & gas, aerospace and defense sectors.
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About Tawazun
Tawazun is a strategic investment firm focused on the long-term development of UAE's industrial manufacturing and technology capabilities and knowledge-transfer with a specific focus on the defense sector.
Established in 2007 by Tawazun Economic Council, Tawazun's mission is to develop profitable ventures through industrial partnerships and strategic investments that add to the country's industrial manufacturing layer in the areas of defense, defense manufacturing and manufacturing technology.
About RheinmetallDefence
Rheinmetall Defence and its divisions Combat Systems, Electronic Solutions and Wheeled Vehicles set the global standard for excellence in a wide array of disciplines. Europe's foremost supplier of army technology, Rheinmetall Defence is a longstanding partner of the armed forces of Germany, its NATO allies and other likeminded nations. In recent years, a series of well-targeted acquisitions and the establishment of foreign subsidiaries have progressively turned Rheinmetall into a global player.
For more information, please contact:
Corporate Sector Defence
Press and Information
Oliver Hoffmann
Rheinmetall Platz 1
40476 Düsseldorf
Germany
Phone: +49 211 473-4748
For more information please contact:
Saif Ali Al Marzooqi
Associate Director - Corporate Communications
Tel: +971 2 5069911
Email: salmarzooqi@tawazun.ae
© Press Release 2013
