GEs ‘Make in India’ initiative with Wayne Burt Group

The Group’s focus on Aerospace Technologies with Kerns Aero Products
By: Wayne Burt Capital
 
 
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Tags:
Wayne Burt
T.G.S. Mahesh
Aerospace
Make In India
General Electric

Industrys:
Aerospace
Business

Location:
Chennai - Tamil Nadu - India

Subject:
Joint Ventures

CHENNAI, India - March 6, 2015 - PRLog -- Chennai 6th March 2015: Wayne Burt Group has entered into several MOUs / agreements with GE Aviation through its group company Kerns Aero Products Pvt. Ltd. The company manufactures high precision, complex, special process aircraft engine components for aircrafts and rocket engines. The special process factory is located in the industrial hub of Sriperambudur, near Chennai. This state of the art manufacturing facility is in collaboration with General Electric - Aviation. The investment in this venture is 25 Million USD and expected to have revenues of 50 Million USD in the next 3 years.

Interacting with the media, Mr. T.G.S. Mahesh, President and CEO, Wayne Burt Group, said that they have signed several MOUs with GE. Being the defence offset partner to GE, Kerns Aero Products has tremendous growth potential in defence industries world over, especially with regard to the Indian defence industry.

Kerns deploys highly specialized and complex manufacturing processes like Electron Beam Welding, TIG welding, Vacuum Brazing, Vacuum Heat Treating, Resistance Welding, Air-Flow Testing, Laser & Electro Discharge Machining, Digital X-Ray, FPI, Tool & Die Design and  assembly for production and quality testing that are unique to their product category.

Mr. Mahesh added that the Design & Engineering team at Kerns Aero Products works closely with their technology partner, Kerns Manufacturing Corporation, USA. Migrating the latest technologies and manufacturing processes to India, Kerns has ignited the ‘Make in India’ concept in its true sense.

Being the leader in aerospace fabrications in India, Kerns Aero Products established in 2006, have accredited several global certifications such as ANAB, AS 9100C & NADCAP and successfully acquired technical expertise to manufacture products that meet global aerospace standards.

MOU’s signed with GE for defence contracts:

·        Indian Coast Guard Aircraft Program (Sikorsky Aircraft).

·        Airbus’s Indian Air Force A330 MRTT Tanker program.

·        AH -64 aircraft under the Attack Helicopter Program

·        India VVIP Helicopter Program.

·        Boeing Apache Helicopters Program.

·        Light Combat Aircraft - Tejas Engine Program.

·        S70-B Helicopters Program (Sikorsky Aircraft).

About Wayne Burt Group:

Wayne Burt Group is a deep value fund with interests in Oil & Gas, Petrochemicals and Aerospace Manufacturing sectors. Wayne Burt Group targets large asset based businesses that are underperforming and acquire them at significantly lower value than their intrinsic value and through effective asset management and financial restructuring unlock the value from these assets.

Wayne Burt has strategic relationships with:

·         Aerospace companies such as   GE-Aviation, Pratt & Whitney and Rolls Royce;

·         Oil & Gas companies such as Chevron, Halliburton/ Baker Hughes, Schlumberger, Cameron etc;

·         Petrochemical companies such as Mitsui Chemicals, Shell, Chevron, UNIVAR & Sojitz etc.

For further information, please visit www.kernsaero.com

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Wayne Burt Capital
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Tags:Wayne Burt, T.G.S. Mahesh, Aerospace, Make In India, General Electric
Industry:Aerospace, Business
Location:Chennai - Tamil Nadu - India
Subject:Joint Ventures
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