Sector News

Praxair Surface Technologies and GE Aviation to form JV

January 20, 2016
Chemical Value Chain

Praxair, Inc. today announced that GE Aviation and Praxair Surface Technologies, Inc., a wholly-owned subsidiary of Praxair, Inc., have entered into a definitive agreement to form a joint venture for the development, support and application of specialized coatings.

The coatings will be tailored for GE Aviation’s and CFM International’s* current and future engine models, including the GE9X and LEAP engines.

When created, the joint-venture company will expand its footprint with a new coatings plant in the southeast United States, which will supplement the services provided to GE from Praxair’s Indianapolis facility and other global operations.

Additionally, under the agreement, Praxair Surface Technologies’ current scope of services provided to GE Aviation will be expanded. GE Aviation production volume will continue to grow due to a large backlog of commercial engine orders.

Praxair Surface Technologies will be the majority owner of the venture and will consolidate the results. GE Aviation will hold the remaining membership interests. The parties plan to begin operations during the second quarter of 2016, once regulatory approvals are obtained.

‘We are delighted to expand and formalize our long-standing relationship with GE Aviation and combine efforts to provide exceptional service, capabilities and technologies to the growing aviation industry,’ said Praxair Surface Technologies President Pierre Lüthi. ‘Together, we’ll enhance our advanced coating capabilities to provide a dedicated coating source and support the growth of GE’s new engine platforms.’

‘This specialized coating joint venture with Praxair will enable us to meet our growing engine production volume,’ said Colleen Athans, vice president and general manager of GE Aviation’s Supply Chain. ‘The unique coating capabilities will enhance our engines’ performance and durability, which are key requirements for our customers.’

Source: Praxair

comments closed

Related News

September 17, 2022

Huhtamaki and Stora Enso collaborate on new paper cup recycling initiative

Chemical Value Chain

Huhtamaki and Stora Enso have joined forces to create a new paper cup recycling initiative, The Cup Collective. The programme aims to recycle and capture the value of used paper cups on an industrial scale. The programme will initially be implemented across Belgium, the Netherlands and Luxembourg.

September 17, 2022

Methanex announces new President & CEO effective January 1, 2023

Chemical Value Chain

The Board of Directors of Methanex Corporation announced that John Floren will retire as President and CEO and from the Board as of December 31, 2022. The Board has appointed Rich Sumner as President & Chief Executive Officer and member of the Board of Directors, effective January 1, 2023.

September 17, 2022

Evonik is driving growth through innovations, announces new CIO

Chemical Value Chain

Evonik’s new chief innovation officer, Ralph Marquardt, aims to strengthen the company’s innovative strength even further in the future. Marquardt, who has a doctorate in chemistry and joined Evonik in 2006, has acquired the necessary experience, for example, through leadership roles in various business areas. Sustainability is his central focus.