Indy to be HQ For Aviation-Focused Joint Venture
(Image courtesy of Praxair Surface Technologies)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowTwo advanced manufacturing subsidiaries with a presence in Indiana have announced a joint venture that will be headquartered in Indianapolis. Praxair Surface Technologies Inc. and GE Aviation have launched PG Technologies LLC, which will focus on specialized coatings for large aircraft engines.
The joint business will also involve facilities in Mississippi and Singapore.
The Praxair Inc. (NYSE: PX) and General Electric Co. (NYSE: GE) subsidiaries say PG Technologies will develop coatings that will be tailored for all current and future engine models produced by GE Aviation and its French joint venture, CFM International. These models include the LEAP engine, which is produced at the more than $50 million GE Aviation facility in Lafayette.
GE Aviation Supply Chain Vice President and General Manager Colleen Athans says "PG Technologies will play an important role in GE Aviation’s engine manufacturing system. With engine production volume levels growing, GE’s need for specialized coatings will also increase, and this joint venture will ensure we meet our commitments on the performance and durability of our engines."
PG Technologies Board Member and Praxair Surface Technologies President Pierre Lüthi says "the formation of PG Technologies builds upon decades of collaboration between Praxair Surface Technologies and GE Aviation. This joint venture will take the leadership role in the next generation of coating technology applications and will invest in new coating production capacity to meet the needs of the burgeoning aviation sector."
Praxair is headquartered in Connecticut and its Indianapolis operation is located near the Indianapolis Motor Speedway. It also has American facilities in Illinois, Texas, New York, Georgia, Iowa and California, employing some 10,000 North American workers.
