As a result of the agreement signed in 2011 for the production of precision engineering components (mainly components of Hydraulic Actuator for aerospace market) with Wipro Infrastructure Engineering, the last 5th February, representatives of CESA, Compañía Española de Sistemas Aeronauticos, S. A. attended to the opening of the new plant of Wipro which will be dedicated to the manufacturing of these components.
The new plant is located in a special economic zone (SEZ) in Devanahalli (Bangalore). The event was chaired by Azim Premji, chairman of Wipro, accompanied by Klaus Richter (Executive Vice President of Airbus and EADS), Mr. M. N. Vidyashankar (Principal Secretary, Commerce and Industries Dept., Karnataka), the management team of CESA, and other major companies in the sector.
According to statements of Wipro: “The partnership with a world leader as CESA is a great achievement for us. This agreement involves the transfer of some manufacturing programs from Spain to India”
The initial investment has exceeded $ 15 million and its initial capacity of production is estimated in 2000 annual actuators, although the forecast is to reach 8000 units. The production of aerospace actuators will begin in April.
CESA, meanwhile, sees Wipro as a partner to establish synergies and further strengthen its presence in international markets, particularly in Asia. It is a new opportunity to meet new challenges and enter into new emerging markets. Although, Wipro help CESA to absorb its large increase in workload expected.
Jose Leal, the CEO of CESA, said that for EADS and CESA, the agreement with Wipro is the opportunity to work with a strong partner in the current programs and to “meet the objectives of Offset in India” also added that “CESA and Wipro will be able to explore new business opportunities in Asia-Pacific and other emerging markets”
The Wipro-CESA agreement has been considered as a reference example for Indian companies as part of the increasing penetration of EADS in this market.
