Printer Friendly

ROHR WILL SELL STAKE IN JOINT VENTURE TO GE

 ROHR WILL SELL STAKE IN JOINT VENTURE TO GE
 CHULA VISTA, Calif., July 27 /PRNewswire/ -- GE Aircraft Engines


and Rohr, Inc. (NYSE: RHR) today announced that Rohr will sell its share in CTEC, a GE Aircraft Engines/Rohr joint venture located in San Marcos, Texas, to GE Aircraft Engines Composites, Inc. (a subsidiary of GE Aircraft Engines).
 CTEC, which stands for Composite Technology Engine Components, was equally owned by both companies. GE Aircraft Engines and Rohr formed the partnership in March, 1989 and began operations in January, 1990 to develop and manufacture advanced technology engine components for commercial and military jet engines.
 CTEC currently employs 90 people and ranks as a world-class facility for engine components manufactured from organic composite materials.
 In arriving at the decision, GE considered Aircraft Engines' need to concentrate efforts on components for the GE90 -- GE's newest and most powerful engine -- and Rohr considered the need to broaden its customer base and expand its market penetration in engine components.
 After the sale, Rohr will market engine components, including components made of organic materials, to all engine companies including GE and will manufacture such components in its existing facilities.
 GE Aircraft Engines will continue the operation at CTEC, focusing on GE business needs with a major emphasis on GE90 composite components. CTEC customers outside of GE will have the option to continue to contract with CTEC or transfer their business to Rohr.
 During joint ownership, GE and Rohr have both benefited from technology exchange in the application of advanced composite materials to engine components and have established close professional working relationships.
 GE Aircraft Engines, headquartered in Cincinnati, is the world's largest aircraft engine manufacturer, producing engines for military and commercial aircraft as well as marine and industrial use. Employing approximately 31,500 people worldwide, GE Aircraft Engines had sales in 1991 of nearly $7.9 billion.
 Rohr designs, integrates, manufactures and supports aircraft engine nacelle systems and components for commercial, military and business aircraft. Rohr, headquartered in Chula Vista, employs approximately 9,500 people and has facilities in the United States and Europe.
 -0- 7/27/92
 /CONTACT: Mark Bergherr of Rohr, 619-691-2610, or Paula Kollstedt of GE Aircraft Engines, 513-243-3148, ext. 5635/
 (RHR) CO: GE Aircraft Engines; Rohr, Inc.; Composite Technology Engine
 Components ST: California; Ohio; Texas IN: ARO SU:


AL -- SD005 -- 3541 07/27/92 13:04 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 27, 1992
Words:393
Previous Article:MAGER LIEBENBERG & WHITE: THE NEW PHILADELPHIA LAWYERS
Next Article:MERRILL LYNCH DECLARES REGULAR DIVIDEND; AUTHORIZES ADDITIONAL SHARE REPURCHASE
Topics:


Related Articles
ROHR INC. ANNOUNCES JOINT VENTURE
ROHR AERO SERVICES INC. ANNOUNCES NEW BUSINESS VENTURE
ROHR APPOINTS NEW CHIEF FINANCIAL OFFICER
ROHR INC. ANNOUNCES DISCONTINUED DISCUSSIONS ON BUSINESS JET JOINT VENTURE
A330 MAIDEN FLIGHT FEATURES ROHR NACELLES
ROHR DELIVERS FIRST HARDWARE FOR GE90
GE AND PRATT & WHITNEY TEAM ON NEW ENGINE FOR GROWTH 747
Civil Aviation Authority of UK Certifies Rohr Facility in Scotland as Approved Repair Station for European Airlines

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters