OC Oerlikon Management AG
- WKN: 863037
- ISIN: CH0000816824
- Land: Schweiz
Nachricht vom 22.06.2021 | 06:45
Oerlikon Balzers signed a ten-year contract with MTU Aero Engines to coat next generation aero engine components to improve efficiency
OC Oerlikon / Key word(s): Contract
Pfäffikon, Schwyz, Switzerland / Balzers, Liechtenstein, June 22, 2021 - Oerlikon Balzers, a leading surface solutions brand of the Oerlikon Group, has signed a ten-year contract with MTU Aero Engines to apply MTU's owned erosion-resistant coating ERCoatnt on aerofoil components of next generation GTF aero engines used in the Airbus A320neo aircraft. The coating will help to further improve the efficiency of this engine. MTU Aero Engines is partnering with Pratt & Whitney on this engine.
With this long-term agreement, Oerlikon Balzers takes another major step forward in supplying advanced surface technologies and coatings for the aerospace industry. MTU Aero Engines, Germany's leading aero engine manufacturer, will profit from the industrialisation, know-how and expertise of a leading supplier of thin-film physical vapour deposition (PVD) and its equipment portfolio by enabling the delivery of consistent and repeatable product quality in a short period of time.
This long term partnership between MTU Aero Engines and Oerlikon Balzers signals the intent to work closer together on future surface solutions. The collaboration between the two companies will leverage their respective competences and further contribute to improving the efficiency of the PW1100G-JM aero engines by providing erosion-resistant coatings for MTU's high-pressure compressor aerofoils. Oerlikon Balzers' INNOVENTA giga with arc evaporation technology will ensure high quality coatings of MTU's components. It is the largest of the high-tech INNOVENTA coating systems and is an ideal platform for coating large components allowing accommodation of workpieces higher than 1.7 m with a substrate diameter of up to 0.7 m and a loading capacity of up to 3 000 kg.
'Oerlikon Balzers has proven to be a reliable partner for MTU during the initial phase of this coating project. Based on their technical capabilities as well as customer orientation, we are looking forward to establishing a strong and reliable supply chain within Europe and Asia. Additionally, our common goal is to further improve MTU's owned ERCoatnt application. We are convinced, Oerlikon Balzers highly motivated team will fulfil this very demanding project during the development and serial production phase to our full satisfaction,' says Holger Auer, Director Procurement Airfoils, Castings and Indirect Material, MTU Aero Engines.
'This long-term contract is a clear sign of confidence that customers such as MTU Aero Engines have in our technologies. With our first-class, globally highly recognised coating solutions, we are pleased to be able to provide our expertise to improve engine and fuel efficiency, and thereby contribute to sustainability. This agreement underlines our commitment to further provide sustainable innovation as a leading supplier for surface solutions such as PVD, in the aerospace market,' says Dr. Markus Tacke, CEO, Oerlikon Surface Solutions Division.
(Image source: MTU Aero Engine)
Oerlikon Balzers has signed a ten-year contract with MTU Aero Engines. The collaboration between the two companies will leverage their respective competences and further contribute to improving the efficiency of the PW1100G-JM aero engines by providing erosion-resistant coatings for MTU's high-pressure compressor aerofoils.
About Oerlikon Balzers
Worldwide, more than 1 100 coating systems are in operation at Oerlikon Balzers facilities and customers' sites. Equipment engineering and assembly of Balzers' systems are processed in Liechtenstein, in Langenthal (Switzerland) and in Bergisch Gladbach (Germany). Oerlikon Balzers operates a network of more than 110 coating centres in 36 countries in Europe, the Americas and Asia. Oerlikon Balzers, Oerlikon Metco and Oerlikon AM are leading brands of the Surface Solutions Division of Oerlikon Group.
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The contents of this document, including all statements made therein, are based on estimates, assumptions and other information currently available to the management of Oerlikon. This document contains certain statements related to the future business and financial performance or future events involving Oerlikon that may constitute forward-looking statements. The forward-looking statements contained herein could be substantially impacted by risks, influences and other factors, many of which are not foreseeable at present and/or are beyond Oerlikon's control, so that the actual results, including Oerlikon's financial results and operational results, may vary materially from and differ from those, expressly or implicitly, provided in the forward-looking statements, be they anticipated, expected or projected. Oerlikon does not give any assurance, representation or warranty, expressed or implied, that such forward-looking statements will be realized. Oerlikon is under no obligation to, and explicitly disclaims any obligation to, update or otherwise review its forward-looking statements, whether as a result of new information, future events or otherwise.
This document, including any and all information contained therein, is not intended as, and may not be construed as, an offer or solicitation by Oerlikon for the purchase or disposal of, trading or any transaction in any Oerlikon securities. Investors must not rely on this information for investment decisions and are solely responsible for forming their own investment decisions.
End of ad hoc announcement
|CH - 8808 Pfäffikon SZ|
|Phone:||+41 58 360 96 96|
|Fax:||+41 58 360 91 96|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich, Stuttgart; SIX Swiss Exchange|
|EQS News ID:||1210386|
|End of Announcement||EQS Group News Service|
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