14th May 2008 12:00
14th May 2008
Umeco plc
ADVANCED COMPOSITES GROUP TO PARTNER WITH AIRBUS IN MAJOR R&D INITIATIVE
Umeco plc ("Umeco"), an international provider of supply chain and advanced composite materials primarily to the aerospace & defence industries, announces that Advanced Composites Group ("ACG"), part of Umeco Composites, is to partner with Airbus and other leading organisations in a major collaborative aviation research programme, known as the Next Generation Composite Wing (NGCW).
NGCW brings together 16 leading British organisations, both industrial companies and research bodies, to work on the three year programme. The programme is led by Airbus in partnership with Advanced Composite Group, Aircraft Research Association, Atkins Ltd, Bombardier Aerospace, Delmia UK Ltd, Eaton Aerospace Ltd, GE Aviation, GKN Transparency Systems, Goodrich Actuation Systems, Hyde Group Ltd, KuKa Automation, Messier - Dowty, Morgan Professional Services, QinetiQ Ltd, Spirit Aerosystems Ltd together with eight Regional Development Agencies or Devolved Administrations.
Clive Snowdon, Chief Executive, Umeco plc, said: "We are honoured and proud to be selected as part of such a critical composites development project. It represents a massive step towards achieving lighter and more affordable aircraft, and demonstrates ACG's leading position in composites research and development."
- Ends -
Umeco plc (www.umeco.com) Tel: +44 (0) 1926 331 800
Clive Snowdon, Chief Executive
Hogarth Partnership Tel: +44 (0) 20 7357 9477
Barnaby Fry / Vicky Watkins
Further Information on Umeco plc
Umeco is a leading innovator in distribution and supply chain management to the aerospace and defence industries, harnessing new methods for enhancing its customers' performance and profitability.
Umeco also has significant manufacturing interests in advanced composite materials for a growing range of applications in its core aerospace and defence markets and in other high performance technology industries such as motor sport, automotive and wind energy.
Listed on the London Stock Exchange, Umeco had turnover of £333.9 million in the year to 31 March 2007.
Umeco is managed through two divisions:-
Umeco Composites - a provider of a complete range of advanced composite materials principally to the aerospace, motor sport, automotive and wind energy markets.
Customers include Boeing, Airbus, BAE Systems, manufacturers of wind turbines, a number of manufacturers of high performance super cars and Formula 1 teams including Team McLaren Mercedes
Umeco Supply Chain - a leading international provider of value-added distribution and supply chain outsourcing services to customers in the aerospace & defence market. With its specialisation in the supply of small components and sophisticated IT systems, its growing global customer base can enjoy significant operational, cost and working capital benefits.
Customers include Rolls-Royce plc, BAE Systems, Safran Group, Parker Aerospace, Goodrich, Thales, Aerospace, Turbomeca, Lockheed Martin and the US Department of Defense.
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