Unimech Signs Long-Term Supply Agreement with FACC for Aerospace Components

Unimech Signs Long-Term Supply Agreement with FACC for Aerospace Components​

Unimech Aerospace and Manufacturing Limited has secured a long-term supply agreement with FACC Operations GmbH, Austria, to manufacture and supply precision-engineered aerospace components and flying parts. The deal follows a rigorous competitive global sourcing process and marks a significant step in Unimech's expansion into global aerospace production programs.

The partnership between the Bengaluru-based company and the leading aerospace supplier, FACC, was established after an extensive engagement that involved technical evaluations, capability assessments, quality reviews, commercial negotiations, and deep discussions. The award reflects Unimech’s demonstrated engineering expertise, strong manufacturing capabilities, quality systems, and ability to meet the stringent requirements of global aerospace customers.

Unimech aims to leverage this agreement to expand its Precision Components & Parts business by increasing participation in long-term aerospace production programs, thereby solidifying its position within the global supply chain.

Qualification and Industrialisation Phase​

As part of the program onboarding process, Unimech will now enter a qualification and industrialisation phase across the upcoming quarters. This phase includes necessary steps such as first article approvals, process validations, and production readiness activities before transitioning into serial production with FACC.

Anil Kumar Puttan, Chairman & Managing Director of Unimech Aerospace and Manufacturing Limited, stated that the agreement underscores the confidence placed in the company's engineering, manufacturing, quality, and delivery capabilities by global aerospace customers. He added that he is particularly pleased that the opportunity was awarded through a highly competitive global sourcing process, reinforcing his view of the competitiveness of Unimech's capabilities on an international stage.

Thomas Kraus, Executive Vice President Procurement at FACC, commented that following a comprehensive evaluation, Unimech demonstrated the required technical capability, quality systems, manufacturing competence, and commitment to support their aerospace programs. He expressed enthusiasm for working together through the qualification phase to develop a successful long-term partnership.

Company Background​

Unimech Aerospace and Manufacturing Limited is a global high-precision engineering and manufacturing company catering to the aerospace, defence, energy, semiconductor, and industrial sectors. The company specializes in providing precision components, assemblies, tooling, and complex manufacturing solutions to leading global OEMs and Tier-1 suppliers.

FACC is described as a worldwide leading aerospace company in design, development, and production of advanced aircraft lightweight systems. As a technology partner for major manufacturers, FACC collaborates with its customers on aviation industry solutions, including applications for passenger and logistics drones.

UNIMECH Stock Price Movement​

Shares of Unimech Aerospace and Manufacturing Limited are climbing strongly as of 12:12 PM, surging to ₹1153 after gaining 5.64% or ₹61.60 in live trading. The stock is witnessing substantial momentum today, evidenced by a volume totaling 49,191 shares traded on the exchange.