Aequs-Precihole JV for component manufacturing.

Precision machining manufacturer for aerospace companies Aequs said it has set up a joint venture with Precihole Machine Tools, a Mumbai-based provider of deep hole drilling solutions to the oil and gas industry, to manufacture components for the global market.

The facility, to be operational by August 2016, aims to leverage low cost manufacturing advantages while delivering to global companies which are keen to source precision machining components in emerging economies like India.

Apart from the oil and gas sector, deep hole drilling finds applications in defence, automotive, as well as aerospace. This strategic initiative further strengthens Aequs manufacturing capabilities across all of the industry verticals where Aequs has a strong presence. More specifically, the capabilities offered by this joint venture are directly applicable for aircraft landing gear in which the aerospace segment already provides precision-machined landing gear components, the company said in a statement.


BS