The new company has been named Kineco Kaman Composites – India Pvt Ltd and it will manufacture composite structures for aerospace, defence, medical imaging and other industries using the latest carbon fibre materials and autoclave curing technology. Parts manufactured will include composite structural parts for modern aircraft and helicopters and potentially, parts for spacecrafts.
Kineco’s Advanced Composite Division’s manufacturing facilities and business, which has been in existence for the past seven years, has now been assigned to this new joint venture.
The joint venture will be headed by Shekhar Sardessai, Chairman and Managing Director of Kineco Group, as its Chairman and Managing Director, and Richard Thorley, Director - Strategy & Development, Kaman Aerospace Group, who has been named the Chairman of the Management Committee. It will initially employ 50 people and based on the anticipated growth plans, will employ over 500 people in the next 3-5 years.
The joint venture envisages significant further investment in the latest composite production capabilities over the next 5 years commensurate with growth in its business.