Tata Steel has won a five-year deal to supply aerospace steels to a French manufacturer of aircraft, rocket engines and propulsion systems, worth more than £9m a year.
The contract will see Tata supply all of Safran’s aircraft steel worldwide, to group companies and subcontracts.
The £9m-a-year value has the potential to grow during the life of the agreement, according to Mark Broxholme, managing director of Tata Steel’s speciality steels business.
He said: “We have a long and successful record of supplying aerospace quality steels into the Safran Group. This is a significant award for Tata Steel and continues our long-term commercial and technical relationship with an important customer in this demanding market sector.”The success follows the commissioning in 2012 of two new Vacuum Arc Remelting furnaces at Tata Steel’s Stocksbridge works which enable the production of ultra high purity steels to meet the most demanding applications including aerospace.
Andrew Parker, commercial director at Tata speciality steels, said: “This agreement has been won after Safran benchmarked us against multiple global suppliers and allows us to formalise a longstanding and successful relationship.
“The agreement covers both mill direct businesses to Safran Group as well as supply into their subcontractor supply chains. Our aerospace service centres in Bolton, UK, and Suzhou and Xi’an in China are well positioned to service the needs of these networks and deliver additional value to the customer.”
Tata Steel is Europe’s second largest steel producer, with main operations in the UK and Netherlands.