Strata Manufacturing PJSC (Strata), the advanced composite aero-structures manufacturing company, wholly owned by Mubadala Development Company, and ACITURRI AERONÁUTICA S.L., a tier 1 supplier for aeronautic industry OEM’s, and a family-run company owned by Clemente Zarate family, have signed a Memorandum of Understanding (MoU) to collaborate on contributing to the advancement of the global aerospace sector by strengthening vital supply chain capabilities and bi-lateral ties between Spain and the United Arab Emirates.
The MoU was signed at the Global Manufacturing and Industrialization Summit (GMIS), Abu Dhabi, by Badr Al-Olama, CEO of Strata and Ginés Clemente Ortiz, CEO of Aciturri. GMIS is the world’s first global manufacturing summit, and is hosted by the UAE Ministry of Economy and the United Nations Industrial Development Organization (UNIDO).
The partnership, will look to explore possible opportunities of work transfer and sub-contracting of existing work packages that align with each company’s vision based on current business capabilities and technology roadmap.
Commenting on the news, Al Olama stated: “Strata has always had a vision to expand its global footprint and capabilities. The collaboration with Aciturri demonstrates the long-term strategy of Strata. We are proud to be a ‘Made in the UAE’ business, but we are committed to empower Strata and the flourishing Abu Dhabi aerospace ecosystem. The MoU will unlock and deliver ideas between the two companies for new technologies and R&D services that will drive value for all.
Crucially, the collaboration also has the promise to expand our production line capacity that will help us support the work package orders that have already been placed by Strata’s global manufacturer partner network for the delivery of more complex and larger scale aero structures.”
Ginés Clemente Ortiz, CEO of Aciturri added: “After 40 years working for the aeronautic industry we believe that providing solutions for the challenges posed by a globalized industry require collaboration agreements between firms with a universal strategy.
The MoU signed today contains a commitment from Strata and Aciturri to provide new ways for managing aerostructure and manufacturing industry projects. This would encompass the entire value chain and optimize our combined resources to enhance our technological capacities and boost our competitiveness level.”
Under the MoU, Strata and Aciturri will consider new opportunities to strengthen their presence in the global aerospace supply chain, including collaboration for shared resources and capabilities. Both companies will leverage their strengths in technology, human capital and existing knowledge of aero-structures to further advance their competitive advantage within one of the most high-tech and innovative sectors in the world.
The potential partnership will also explore the viability of new commercial capabilities and the possible establishment of a new facility located overseas.