Tata Steel has secured a long-term agreement to supply aerospace steels to Safran Group that manufactures aircrafts, rocket engines, propulsion systems and aircraft equipment.
For the next five years, Tata Steel will be responsible for supplying all aspects of aircraft-quality steel requirements, including remelted steels, to Safran Group companies as well as to its sub-contractors. The initial value of the contract is in excess of GBP 9M per year, and is expected to grow during the life of the agreement.
Mr Mark Broxholme, managing director of Tata Steel’s speciality steels business, which produces the company’s range of aerospace steels, said, “We have a long and successful record of supplying aerospace-quality steels into the Safran Group. This is a significant award for Tata Steel and continues our long-term commercial and technical relationship with an important customer in this demanding market sector.”
Mr Jean Claude Begue, Safran Group’s lead buyer — machining bars, said, “It is fantastic to sign our long-term agreement with Tata Steel. Their brand in the aerospace sector is very respected, and among the best in the industry.”
Mr Andrew Parker, commercial director of speciality steels, Tata Steel, said, “This agreement has been won after Safran benchmarked us against multiple global suppliers, and allows us to formalise a long-standing and successful relationship. Our aerospace service centres in Bolton, UK, and Suzhou and Xi’an in China are well positioned to service the needs of our customer and deliver additional value.”
