21st Feb 2007 07:01
UMECO PLC21 February 2007 21 February 2007 UMECO PLC Major Contract with Turbomeca Umeco plc ("Umeco"), an international provider of supply chain management,distribution, repair & overhaul services and advanced composite materialsprimarily to the aerospace & defence and automotive industries, is pleased toannounce that Pattonair France, a Umeco Components company, has signed a majorlong term contract with Turbomeca, helicopter engine manufacturer, to provide acomplete 'C' class supply chain solution for their sites in France and theUnited States of America. This new contract, which has an initial term of three years, will startimmediately and is expected to generate annualised revenues in excess of €20million once implementation is completed. As a result of winning this important contract Pattonair France will lease anewly constructed warehouse and office facility in Taverny, Northern Paris,where it will service its growing customer base including Thales Aerospace withwhom it signed a major outsourcing agreement in December 2006. Clive Snowdon, Chief Executive of Umeco, commented: "This is an important contract win for Pattonair France, following the ThalesAerospace contract announced in December and represents an extension of ourrelationship with Turbomeca's parent company, SAFRAN Group. Under this extensivecontract, Pattonair France will supply Turbomeca's four French facilities andits major US facility, further demonstrating Pattonair's ability to add to thesupply chains of major aerospace manufacturers across the world. "The establishment of the warehouse in Taverny marks the opening of a newchapter in the rapid development of Pattonair France, and will further enhanceour mainland European operations." - Ends - For further information, please contact: Umeco plc Clive Snowdon, Chief Executive 01926 331800 Hogarth Partnership Ltd John Olsen / Barnaby Fry 020 7357 9477 Umeco plc Umeco is a leading innovator in distribution, supply chain management and repairand overhaul services to the aerospace and defence industries, harnessing newmethods for enhancing its customers' performance and profitability. Umeco also has significant manufacturing interests in advanced compositematerials for a growing range of applications in its core aerospace and defencemarkets 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 £293.2 million in theyear to 31 March 2006. Umeco is managed through three divisions:- Umeco Components - a leading international provider of value-added distributionand supply chain outsourcing services to customers in the aerospace & defencemarket. With its specialisation in the supply of small components andsophisticated IT systems, its growing global customer base can enjoy significantoperational, cost and working capital benefits. Customers include Rolls-Royce plc, BAE SYSTEMS, Safran Group, Parker Aerospace,Goodrich , Bombardier, Lockheed Martin and the US Department of Defense. Umeco Composites - a provider of a complete range of advanced compositematerials and specialist chemical products principally to the aerospace,motorsport, automotive and wind energy markets. A growing range of value-addedoutsourcing services is provided to major customers. Customers include Boeing, Airbus, BAE SYSTEMS, Goodrich Aerostructures, BritishAirways, Lufthansa Technik, a number of manufacturers of high performance supercars and Formula 1 teams including Team McLaren Mercedes. Umeco Repair and Overhaul - a provider of a comprehensive accessory repair andinstallation service to operators of fixed and rotary wing aircraft ranging insize from executive jets through to a Boeing 747. Customers include British Airways, KLM, Swiss, Alitalia Express, BristowHelicopters, BAE SYSTEMS, Saab Aircraft and Pratt & Whitney. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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