12:00 AM, April 6, 2010
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Rolls-Royce and Hindustan Aeronautics Ltd. (HAL) have created a 50:50 joint venture company to manufacture compressor shroud rings at Bangalore that will be used in defense aerospace applications for other HAL-Rolls Royce ventures. U.K.-based Rolls-Royce and Hindustan Aeronautics Ltd. have already a joint venture for production of the Adour Mk 871 engine for the Hawk Advanced Jet Trainer. Chairman of HAL, Ashok Nayak said "Construction of a new purpose-built production facility, incorporating the latest in modern manufacturing techniques, will commence in 2010 with component production beginning in 2012" . Sir John Rose, chief executive of Rolls-Royce, said: "India is extremely important to Rolls-Royce, and we are delighted to announce this new joint venture company with our partners HAL. This marks an exciting new phase of our long-standing partnership with HAL and underscores our commitment to India and the aerospace industry here. India is a country that is full of potential for Rolls-Royce, and we look forward to continuing to develop our business here in the future" .
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