Senior (LON:SNR)

Senior (LON:SNR)


Share Price
201.80 p
Change
-1.8 (-0.88 %)
Market Cap
£846.39 m
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Senior RNS Release

Opening of new aerospace facility in Malaysia


RNS Number : 8809B
Senior PLC
12 June 2019
 

 

Senior plc announces opening of new aerospace facility in Malaysia

Kuala Lumpur, Malaysia - Senior plc ("Senior"), an international manufacturer of high technology components and systems, announced today the opening of its new 180,000 square feet Aerospace manufacturing facility at the Malaysia International Aerospace Centre near Kuala Lumpur, Malaysia.  The new facility complements Senior Aerospace UPECA's existing facility and has been established as a direct consequence of Senior's continued success in winning content on key Airbus and Boeing growth platforms.

The facility was developed on a build-to-lease basis by Axis Real Estate Investment Trust in partnership with Malaysia Airports Holdings Berhad.  The new facility will house highly skilled engineering and technical employees and boast state-of-the-art equipment, such as large 5-axis CNC machines.  A key differentiating feature of this new facility is the comprehensive special process and non-destructive testing capabilities.  With the breadth of these new capabilities, the new facility will provide increased options for Senior Aerospace's customers as well as providing capacity to support future growth.

Commenting at the opening of the new facility, David Squires, Chief Executive of Senior plc said: "This investment highlights Senior's commitment to the long-term success of our customers, suppliers and employees in Asia.  With the ease of doing business, critical infrastructure and access to a well-educated and qualified labour pool, Malaysia offers a business-friendly and cost competitive environment.  We are delighted to announce the opening of this new facility which will further enhance our capabilities in Kuala Lumpur and specifically support the growth associated with our contract wins in the civil aerospace sector."

About Senior Aerospace UPECA

Located in Kuala Lumpur, Malaysia, Senior Aerospace UPECA ("UPECA") is a leading manufacturer and assembler of structural components for the civil aerospace industry.  UPECA provides a complete manufacturing capability supported by extensive in-house NADCAP-approved special process and NDT capabilities.  Further information on Senior Aerospace UPECA may be found at: https://www.seniorplc.com/about-us/operating-businesses/aerospace/upeca.aspx.

About Senior

Senior is an international manufacturing group with operations in 14 countries.  It is listed on the main market of the London Stock Exchange (symbol SNR).  Senior designs, manufactures and markets high technology components and systems for the principal original equipment producers in the worldwide aerospace, defence, land vehicle and power & energy markets.  Further information on Senior plc may be found at: www.seniorplc.com.

Further information

Gulshen Patel

Director of Investor Relations, Senior plc

+44 (0) 1923 714 722

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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