State funding may be used for machinery and equipment and working capital in order to expand production capacity. Pietro Rosa TBM will invest in excess of $10 million in the Farmington facility, and the Connecticut Department of Economic and Community Development will provide a $3 million low-interest loan. to the Pietro Rosa TBM family and look forward to working as a global team to support our customers and grow the business in line with our objectives.” “We are delighted in welcoming the employees of New England Airfoil Products Inc. These services enable us to secure a balanced portfolio of customers and market sectors, comprising aero, marine, energy, and oil and gas,” Mauro Fioretti, CEO of the Pietro Rosa group, said. Our strategy is to continuously invest along the vertical integration path, offering engineering and manufacturing services for our customers leveraging on the integration of hot forming, machining, welding and surface finishing technologies resulting in engine-ready components. “This acquisition secures one more key step in Pietro Rosa TBM’s strategic growth plan, offering greater reach and access to its existing and new North American customer base as well as complementary manufacturing capabilities and additional capacity. In addition to retaining the company’s current workforce, the firm will be creating 100 new positions over the next five years in Farmington, Connecticut. Pietro Rosa TBM, a leading Italy-based manufacturer of compressor airfoils for gas turbines and complex structural components, has acquired New England Airfoil Products. Trends Driving FDI in the United States.Industry/Education Partnerships Hold Promise for Advanced Technology Industries.Frontline: Drones Redefine the Use of Commercial Airspace.Choosing the Optimal Site for an Aviation-Related Project.Aerospace Skills Gap: Workforce Declines, As Talent Needs Increase.
0 kommentar(er)
