ALA Launches Corporate Social Responsibility Program
ALA – Advanced Logistics for Aerospace is pleased to announce that it has launched its first Corporate Social Responsibility program. A new initiative to promote its work in relation to sustainability, accessibility, charity and community.
The global stocking distributor and supply chain solutions provider to the aerospace & defence, energy and industrial markets is to integrate the principles of sustainability into its business models.
Fulvio Scannapieco, ALA President, commented: “There is a new insight in the globalized world: doing business is not only about making a profit, but it is also about having the capacity of sharing the generated value with stakeholders and the surrounding context. Indeed, we are in an era in which growth and development are pursued considering the present needs, without undermining those of the future generations. To create shared value, companies should be able to cope with economic, social and environmental goals with a view to sustainability. Companies believing in this principle strive to integrate sustainability in their own business model. They commit to adopt comprehensive, widespread and clear communication policies going beyond the mere representation of economic and financial results.
ALA has decided to align to these facts voluntarily, and with great excitement, take up the challenge represented by the Corporate Social Responsibility 2019 to support the cultural transformation process that started some time ago. Such process has led the Company to the assumption of a corporate identity aimed at sustainability values. This is about an initial evaluation phase related to the financial year 2019. ALA, which intends to give continuity to such process, expects to obtain constant and durable improvements thanks to the commitment and work done by the whole organization.”
The CSR program has been launched along with the ALA 2019 financial results. The Group’s latest financial statement shows a revenue increase of 14.24% and an even higher increase in EBITDA with a 38.77% increase, when compared with the 2018 financial results.
During the shareholders meeting, the Board of Directors has been renewed, with the confirmation of the Chairman, Fulvio Scannapieco, the Vice Chairman, Vittorio Genna, the CEO, Gennaro di Capua and the member of the Board, Matteo Scannapieco. In addition, Marco Fiorentino has been appointed a new member of the Board.
With headquarters in Naples, Italy, ALA has over 30 years of experience supplying both direct and indirect materials with a growing network of sales offices and operations in Italy, United Kingdom, France, Germany, Israel, Turkey, China, India and North America.
Cyient Joins the Emergent Alliance to Enable Economic Recovery
As part of the alliance, the company will work closely with global industry leaders to unlock actionable data insights and speed up economic recovery from the impact of COVID-19.
Reading, UK, May 20, 2020: Cyient, a global engineering and technology solutions company, announced that it has signed a Statement of Intent with the Emergent Alliance, to use their combined data knowledge to provide new insights and practical applications to the global COVID-19 response. As part of the alliance, Cyient is working alongside some of the world’s largest organizations, data specialists, and governments to support future decision-making on regional and global economic challenges that will get people back to work and help businesses thrive post-pandemic.
The alliance will analyze a broad set of economic, behavioral, and sentiment data to provide new insights and practical applications to aid in the rebuilding of economies and understand the impact of a “new normal.” This work will be done with a sharp focus on privacy and security, using industry best practices for data sharing and robust governance.
Speaking on occasion, Anand Parameswaran, Senior Vice President and A&D Business Unit Head, commented, “As we face today’s unprecedented challenges, the Emergent Alliance is an opportunity to use our skills and expertise to help solve the most significant challenge of the 21st century. Cyient has delivered world-class data analytics and machine learning capabilities to meet some of the biggest transformation challenges for our customers in connected enterprise, supply chain resilience, and cost-efficiency. We look forward to leveraging our experience and knowledge in resolving the global crisis rapidly and responsibly.”
Srikanth Tadepalli, Director of Digital Solutions at Cyient, said, “We are excited to partner with the Emergent Alliance program and contribute to its objective of reviving markets and economies. We, at Cyient, are bringing our best data science minds to collaborate with the alliance and recommend strategies that would help identify indicators of revival in economic activity. We are, true to our brand promise, designing tomorrow together.”
Rachel Gawley, Programme Director for the Emergent Alliance, added, ”Our vision is to form an independent alliance and create a safe environment in which we share data, expertise, and resources to work together to aid the global economic recovery.”
Learn more about the alliance and follow their progress by visiting https://emergentalliance.org/
Cyient (Estd: 1991, NSE: CYIENT) is a global engineering and technology solutions company. As a Design, Build, and Maintain partner for leading organizations worldwide, Cyient takes solution ownership across the value chain to help customers focus on their core, innovate, and stay ahead of the curve. The company leverages digital technologies, advanced analytics capabilities, and its domain knowledge and technical expertise to solve complex business problems.
With over 15,000 employees globally, Cyient partners with customers to operate as part of their extended team in ways that best suit their organization’s culture and requirements. Cyient’s industry focus includes aerospace and defense, healthcare, telecommunications, rail transportation, semiconductor, geospatial, industrial, and energy.
AS.G – Export boom lands Queen’s award for Arrowsmith Engineering
A Coventry-based aerospace supplier that has pivoted to supply critical parts for ventilators is celebrating after it received the Queen’s Award for International Trade.
Arrowsmith Engineering, which employs 76 people at its Bayton Road factory, secured the prestigious accolade after it recorded a 996% increase in export activity over the last three years, supplying precision components to global manufacturers including Rolls-Royce, GKN, ITP and Siemens…
>> full press release can be accessed by clicking here
Kaman UK Announces Contract with Raytheon
Press Release from Kaman UK
Kaman UK, world-leading supplier to aerospace manufacturers, has announced their first contract with global OEM Raytheon.
Kaman UK, based in Darwen, Lancashire, has now received their first order from Raytheon after a rigorous approvals process completed in 2019. Raytheon UK is a leading technology company focused on defence, aerospace and cyber & intelligence with sites across the UK.
Full Press Release >> Kaman – Raytheon April 2020