OAK BROOK, Ill., March 11, 2015 /PRNewswire/
-- Castle Metals France (NYSE:CAS), a
global distributor of metal and plastic products, processing
services, and supply chain solutions, has announced today that they
have signed a 10 year agreement with Stelia Aerospace (Aerolia
and Sogerma merged on January 1,
2015). Stelia's market share in its core segments,
namely aerostructures, pilot seats, and first and business class
seats, rank in the top 3 globally.
The current contract dates back to 1998 with Airbus, it was
subsequently renegotiated when Aerolia was created in 2009, before
entering into force in 2011. The program covers Stelia's aerospace
tubing products in a wide range of alloys including nickel,
titanium, aluminum and stainless steel. In addition to value-added
processing, the Castle contract also includes collaborative
planning of mill inbound and customer on-hand inventory, JIT
delivery (multiple deliveries per day direct to their production
lines as Castle has quality delegation) and AOG (aircraft on
ground) support. The contract extension is estimated to
exceed $300 million over the 10 year
term.
Castle Metals will service the contract from its Nantes,
France service center. Castle's
Regional Commercial Manager for the European region, Asier Gonzalez, comments, "This long term
agreement reinforces the strong partnership between both of our
companies and our commitment to support each other in route to new
standards of excellence in the aerospace industry." Chief
Commercial Officer Steve Letnich
further explained that, "The aim of both companies is to apply our
service vision to new programs, products and processes across the
globe."
Sophie Bigot, Head of Materials, Consumables Procurement &
Quality Supply Chain, comments, "Since the implementation of the
contract in 2011, Castle has always been a reliable and flexible
partner, successfully accompanying Aerolia and today Stelia in its
growth. We wanted this 10 year contract extension to provide
visibility and to reinforce our strong partnership, which is
particularly important considering the challenging context of our
company's growth and ambitions".
Contact Info:
Anita E. Panganiban
847.349.2510
apanganiban@amcastle.com
www.castlemetals.com
www.castlemetalseurope.com
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SOURCE A. M. Castle & Co.