17 December 2013
17 December 2013
Mubadala and Cytec Industries have entered into a Strategic Collaboration Agreement to support the establishment of an advanced aerospace material ecosystem in the United Arab Emirates (UAE).
Mubadala Cytec explain they are exploring opportunities to support the ongoing development of the aerostructures industry in the emirate of Abu Dhabi in the UAE.
The intent of the Strategic Collaboration Agreement is formalising the working structure between both parties to discuss the key areas for development of prepreg manufacturing, applications development capabilities and people development in the UAE.
Homaid Al Shemmari, Executive Director or Mubadala Aerospace, Communications Technology and Defense Services commented “This collaboration with Cytec will contribute positively to Mubadala’s efforts in creating a complete aerospace supply chain in Abu Dhabi as we remain focused on becoming a leading industry partner in the development of next generation commercial aircraft.”
Shane Fleming, Cytec CEO, commented “Cytec’s collaboration with Mubadala is consistent with our growth strategy. This alliance benefits the expansion of aerospace in emerging regions of the world, and we are excited to support the development of new composite applications.”
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