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Finmeccanica declares interest in investing in the capital of PZL-Swidnik

This news was published on Wednesday, September 5th, 2007 and is archived under Aerospace, Helicopters.

AgustaWestland, a Finmeccanica company, is ready to become the future strategic partner of PZL-Świdnik, and to invest in the capital of the company, should the Polish Authorities confirm their intention to privatise the company. AgustaWestland investment in PZL-Świdnik would enable the successful co-operation between the two companies over the last 11 years to be taken to the next level and provide PZL-Świdnik with long term growth opportunities. AgustaWestland has been working with PZL-Świdnik for over 11 years now and subject to the right conditions is ready to invest in PZL-Świdnik, considering the company’s capabilities and skills a good match with AgustaWestland strategic growth plans. 

AgustaWestland and PZL-Świdnik are very proud of their strong industrial co-operation that started in 1997, when PZL-Świdnik started out manufacturing AgustaWestland AW109 Power helicopter fuselages with a dedicated workforce of around 60 employees. Over the years, as a result of significant investment, this successful co-operation has grown to what we see today, with fuselage production of five AgustaWestland helicopter types in PZL-Świdnik (AW109 Power, AW109 LUH, AW119 Ke, AW139 and Grand).

As a result of the successful co-operation between AgustaWestland and PZL-Świdnik more than 1000 skilled direct and indirect workers are now employed on AgustaWestland programmes. After celebrating the delivery of the fuselage number 500 to AgustaWestland in June 2006, PZL-Świdnik has now delivered more than 650 fuselages with production running at a rate of 12 fuselages per month. The co-operation accounts for more than 30% of the company’s annual revenues and is forecast to grow further.

 

Source: AGUSTAWESTLAND
Picture provided and copyrighted by AGUSTAWESTLAND
For further information about AGUSTAWESTLAND, click here

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