Monday, July 20, 2015
San Juan, PR – The Puerto Rico Industrial Development Company (PRIDCO) and the Puerto Rico Trade and Export Company (PR TRADE) updated the results of the business initiatives developed with Lufthansa Technik Puerto Rico (LTPR) to connect local suppliers with the emerging aerospace sector. LTPR confirmed that seven local suppliers have been contracted initially to serve several critical needs of the company’s maintenance, repair and overhaul (MRO) project in Aguadilla. The aggregate value of these contracts is approximately $550,000 USD annually.
“These suppliers’ contracts are part of the many multiplier effects that Lufthansa Technik is already having in the local economy”, explained Antonio Medina Comas, executive director of PRIDCO. “With the commencement of operations in the upcoming weeks, the benefits of this project for Puerto Rico will become more visible and additional business opportunities in the region and the sector will emerge.”
The local suppliers contracted by Lufthansa Technik were part of a larger group that completed the Request for Information (RFI) process led by PRIDCO and PR TRADE, which generated 316 profiles from 209 companies, providing LTPR with a great overview on the available resources.
Francisco Chévere, executive director of PR TRADE said that this group of companies emerged as a result of the government’s efforts to promote and facilitate business opportunities between Lufthansa Technik and Puerto Rico’s small and medium-sized enterprises (SMEs). “In addition, it validates that local companies have the capacity to provide quality services and products to meet specialized needs. Lufthansa is still in the process of selecting companies. Therefore, business opportunities will continue to arise in this growing industry in Puerto Rico”.
The local suppliers engaged to provide direct services to Lufthansa Technik are AMCORP, Inc., AKM Manufacturing, VibrAnalysis, Inc. and Western Aviation Service Corp. These companies will provide machine shop related works, non-destructive testing and towing, toilet, water and fueling services. Furthermore, Genesis Security Services Inc., Integrated Design Solution and HCC Facility & Utilities were awarded contracts to provide security, furniture and moving services, respectively.
Ever since the beginning of the planning phase, Lufthansa Technik Puerto Rico’s approach has been to hire qualified local suppliers for most of their needs. “Arriving in Puerto Rico with a standardized approach on supply chain management, it was a great and refreshing experience to work with our local partners to finalize this process from the RFI up until signing of the contracts”, states Elmar Lutter, CEO of LTPR. “We are now eager to start our operation and see how all the work we and our partners put in, falls into its place to serve our customers.”
Lufthansa Technik’s MRO facility in Aguadilla, Puerto Rico is in finalization, the authorities have performed the necessary audits and the team is ready to receive the first aircraft.