Exposure to the U.S. market is likely to reduce on account of tariffs, said TASE Global Chairman Sankararaman Vaidyanathan.
Addressing the media during the inauguration of the TASE Global facility for aerostructure components at Sriperumbudur, near here, on Thursday, Mr.Vaidyanathan said: “There is an impact of tariffs. Definitely that hurts us a lot. We will migrate, that is why we are transferring, going towards Europe. We are supplying to AsiaPacific. Our exposure to the U.S. market last year was close to around 90%. This year it will be coming down to 40%.”
Trusted Aerospace Engineering (TASE Global), a leading global precision manufacturing firm with established operations across India, the United States and Europe, on Thursday announced the inauguration of its new state-of-the-art manufacturing facility at Sriperumbudur. The facility was inaugurated by Dr. Eng.Masahiko Mori, president, DMG MORI, Japan. This facility, built with an investment of ₹150 crore, is dedicated to building aerostructure components in addition to the existing manufacturing of aero engine and precision medical components for export.
This strategic expansion represents a significant milestone in the company’s journey as it enters the surging global market for aerostructures, currently valued at approximately $70 billion annually. This facility positions the company to capture a substantial $100 million revenue share within the next three years through increased aircraft production and defence programmes worldwide.
The new facility will enable additional revenue of ₹300 crore annually in the next three years. Central to this growth is TASE Global partnership with DMG MORI, which has outfitted the new facility with 30 advanced high-precision machines, renowned for blending German engineering precision with Japanese technology.
A Tokyo Stock Exchange-listed powerhouse serving aerospace, medical, automotive, energy, semiconductor, and precision engineering sectors, DMG MORI has 13,500 employees, 17 production plants across Europe, Asia, and the Americas, and more than 3,00,000 machines installed in 44 countries.
Mr. Vaidyanathan, said, “With technology integration, end-to-end automation and digitisation solutions DMG MORI has made it possible for us to increase productivity and resource efficiency at the same time. We are confident that the machines that they have installed at the new TASE Global facility would support us in the growth in this sector.”
The Aerostructures Unit spans 40,000 square feet and houses DMG MORI machines that ensure superior quality, high accuracy, repeatability, and robust process reliability, fully compliant with the aerospace industry’s stringent standards.
