Toronto, Ontario / Belagavi, Karnataka, India – 6 March 2025 – Magellan Aerospace Corporation (“Magellan”) announced the signing of a Memorandum of Understanding (MOU) today with Aequs Private Limited (“Aequs”) to explore the development of a business plan for setting up a 50/50 jointly-owned aerospace sand casting facility situated at the Belagavi Aerospace Cluster (BAC),in Karnataka, India.
The proposed facility aims to meet the sand casting demands in the growing aerospace industry. This increasedsand-casting capacity would support both commercial and defence sectors.
Currently, India has a limited numberofaerospace-qualified NADCAP sand casting facilities. This new venture aims to enhance sandcasting capabilities in Southeast Asia. Magellan is currently a centre of excellence for sand castings in North America, with the ability to cast complex geometries in the industry utilizing the chemically bonded sand process. The North American facilitieshave expertise in utilizing innovative, leading technologies such as 3D sand printing, robotics, digital radiography, and automated differential pressure bottom pouring.
India’s aerospace sector has experienced growth over the past decade, driven by government initiatives including Make in India and UDAN Scheme, growth in the private sector, and increasing air traffic. Air travel demand in India has surged, making it one of the fastest-growing aviation markets in the world.
In 2007, Aequs and Magellan established Aerospace Processing India (API), a joint venture that was the first third party facility approved by both Airbus and Boeingin India, providing innovative surfacetreatment solutions not readily available in India.
In 2024, Magellan and Aequs entered a Memorandum of Understanding to explore the development of a business plan for a jointly ownedfacility formaintenance, repair and overhaul of aircraft enginesin Karnataka, India. These venturesdemonstrate the foundation of the Aequs and Magellan relationship that aims to deliver effective solutions to support a global customer base.
Commenting on this newly agreed-to MOU,Aravind Melligeri, Chairman and CEO, Aequs said, “This proposal to explore the setting up of asandcasting facility with our long-time partner Magellan Aerospace at the Belagavi AerospaceClusteris aligned with our commitment to offer our customers world class manufacturing processes and technologies. It will also contribute to the vertically integrated manufacturing capabilities that Aequs operates at the Cluster. Advancements in sand casting technology have made it possible to provide lightweight yet robust components made to stringent standards that the aerospace industry demands.”
Phillip Underwood, President and CEO, Magellan Aerospace said,“With the anticipatedaerospace and aviation growth, this potential new sand casting venture in India will focus on infrastructure development, cost advantages, capacity increases and strategic initiatives that are essential to realizing the sector’s global potential. Magellan is committed to helping grow this commodity in India. We are ready to meet the growing needs of our castings customers with the cost-effective and quality solutions they have come to expect.”
About Aequs Private Limited
Aequs (www.aequs.com) was founded in 2006 and is a diversified manufacturing platform providing vertically integrated, high precision manufacturing solutions for the aerospace and consumer industries.It runs manufacturing operations across three continents to provide supply chain efficiencies to its global customer base in multiple industry verticals. Aequs currently operates manufacturing facilities in India, France, and the United States of America.
About Magellan Aerospace Corporation
Magellan Aerospace Corporation (www.magellan.aero) is a global aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. Magellan designs and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced proprietary products for military and space markets, and provides engine and component repair and overhaul services worldwide. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout North America, Europe, and India.
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