Emirates Precision Industries to supply Airbus with components

Abu Dhabi: Emirates Precision Industries (EPI), a subsidiary of Tawazun Holding Company of the Offset Programme Bureau, and Airbus, an EADS company, announced that they have signed an agreement under which EPI will supply Airbus with machined metallic components.

This agreement is the first of its kind with a company in the UAE.

Commenting on this qualitative national success, Saif Mohammad Al Hajiri, CEO of Tawazen Holding Company, said: "We are delighted and excited at reaching an understanding with Airbus and look forward to beginning to supply Airbus with a wide range of components."

"The partnership of the EPI with Airbus underlines that our national industries are eliciting increasing interest from the major world aircraft manufacturers," he said.

"It's a historic moment to see our national products foraying into large international markets for civilian and military aircraft,'' he added.

International markets

Moatesm Awda, chief executive officer of EPI, lauded the agreement as an important milestone in the history of EPI, saying it would provide an additional enthusiasm and catalyst to expand into international markets.

He also said that Airbus experts have reviewed EPI's capabilities and acknowledged that the EPI is capable of manufacturing its products in conformity with the highest international best practices and standards for the best service of the aviation industries.

Awda said the company expects to triple production under its expansion plan.

Dr Lee London, Director of International Cooperation at Airbus, said: "We are proud to have reached this landmark agreement with EPI and it reflects not only Airbus' commitment to EPI but to the UAE as a whole.