Amaero International Limited has signed a binding joint venture agreement (JV Agreement) with Rabdan Industries for additive manufacturing and powder production in Abu Dhabi, the United Arab Emirates (UAE).
The JV Agreement provides that Amaero and Rabdan will exclusively partner on additive manufacturing and metal powder production in the Middle East. In addition, the JV will pursue an ambitious strategy to develop projects to vertically integrate the titanium supply chain including titanium sponge, melt, mill and forge operations.
The JV company, FALCON Advanced Metals, will be a 50/50 partnership between the two companies and will operate as a holding company that controls and owns directly and indirectly
subsidiaries that will undertake projects. The partners will contribute working capital on a pro-rata basis.
Amaero will contribute goodwill, reputation and expertise.
Rabdan will contribute local knowledge and relationships and has also committed to directly provide funding for capital expenditure at the project level and/or to indirectly secure funding from Abu Dhabi-based strategic groups on a non-participating, non-equity basis.
