ThyssenKrupp signs long-term agreement with ITP

ThyssenKrupp Aerospace UK, a company belonging to the ThyssenKrupp Business Area Materials Services, and ITP, the Spanish aero engine components manufacturer based in Zamudio, have agreed on a strategic co-operation. For the next five years, ThyssenKrupp Aerospace UK will take over the supply of stainless steel and nickel products to ITP locations in India and Mexico. ITP is a global operator and foremost manufacturer of aircraft engine components for the civil aviation sector.

“Both parties will benefit from the co-operation. Through our role as a global materials and services provider, ITP will in future be able to fully concentrate on its own core business and continue along the growth path already taken”, comments Bob Baggaley, divisional director of ThyssenKrupp Aerospace UK. The new long-term agreement was signed at this year’s Paris Air show. “We’re delighted at the new co-operation agreement and convinced that our global presence, our inventory range and processing capabilities as well as our expertise as supply chain specialist will assist ITP in further expanding its business”, said Baggaley following the signing of the contract.