Strata to tap next phase of innovation, digitisation
abu dhabi — Strata Manufacturing, which makes advanced composite aero-structures, will embark on a year of transformation this year. “This year we will accelerate into the next stage of growth–driven by innovation, digitisation and the further development of global value chains,” said its chief executive officer Badr Al Olama.
The aerostructures manufacturing facility continues to focus on expanding its presence across the aerospace industry through the development of local and global supply chains and the expansion of its client base.
Strata’s revenue for 2015 jumped 27 per cent year on year to Dh400 million in 2015. During the year, Strata delivered over 433 ship sets, consisting of more than 7,511 parts – representing 29 per cent growth in the total number of parts manufactured in 2014.
Strata also embarked on an expansion project to increase the shop floor area to 31,500 square meters, adding a new extension of 10,000 square meters of usable production space to accommodate new work packages.
Badr Al Olama, CEO of Strata, said: “For the last five years we’ve focused on developing Strata’s capabilities in order to become a globally competitive aerostructures manufacturer in line with the Abu Dhabi Economic Vision 2030, and we are extremely proud of our achievements to date.”
During 2015, Strata signed a number of deals that further drove the company’s global competitiveness and supply chain capabilities. Strata also placed a strong emphasis on growing its local supplier network in 2015.
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