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Defense Industry News - Paramount Group |
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Saturday,
May 14, 2011, 11:33 AM |
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| Azerbaijan
orders 60 mine protected vehicles Marauder / Matador from
Paramount Group. |
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The
Azerbaijan Ministry of Defence Industries (MDI) has extended
the Joint Production Agreement with Paramount Group, Africa's
largest privately owned defence company, to produce 60 new
mine protected vehicles (Marauder and Matador) in Baku.
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Marauder
wheeled armoured vehicle personnel carrier
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This
expansion of the current production facility was announced
at IDEF, Turkey's international defence exhibition, and
will comprise 30 Marauder and 30 Matador IED and mine-protected
vehicles, with deliveries running through to late 2012.
The announcement follows Paramount Group's recent successful
establishment of a joint production facility and the production
of an initial 30 vehicles (15 Matadors and 15 Marauders)
to the Azerbaijan MDI, under a joint production agreement
set up in 2009.
Commenting
on the new order, the Honourable Minister of Defence Industry
of Azerbaijan, Mr Yaver Jamalov, said: "Both Matador
and Marauder are highly flexible and advanced IED-protected
vehicles that ideally meet the requirements of our armed
forces. We chose Paramount Group's vehicles because they
are the most technologically advanced on the market and
are flexible enough to deal with a variety of situations.
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Matador
wheeled armoured vehicle personnel carrier |
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Commenting
on the new order, Ivor Ichikowitz, Executive Chairman of
Paramount Group, said: "This agreement is great news
for both Paramount Group and Azerbaijan. It shows that our
original project to produce 30 vehicles in Azerbaijan has
been an outstanding success for all involved and is a testament
to the foresight of President Ilham Aliyev in seeking to
establish a production base for the future success of the
country.
"Paramount Group is a world leader in the development
of mine-protected vehicle technology. We apply a 'blank
sheet' approach to design which means we develop the most
modern technology for our vehicles. Our success in Azerbaijan
gives Paramount a firm foothold in Eastern Europe from which
to explore future joint production partnerships.
"A
key benefit of our continued partnership is that Paramount
Group is able to establish joint production facilities with
the Ministry of Defence Industry of Azerbaijan, which helps
the wider development of high-technology industries and
the skilled workforce they require. This 'in-country' approach
is key to Paramount Group's philosophy of sharing the economic
and technical benefits of hi-tech production with countries
where our vehicles are produced."
Paramount Group is keen to form mutually beneficial partnerships
with governments as part of its growth strategy. In 2010
it agreed a joint venture with Ashok Leyland, a leading
manufacturer of commercial vehicles in India, and earlier
this year two more joint ventures were signed. One was with
the United Arab Emirates' International Golden Group for
the production of vehicles in-country, and the other with
Griffon Aerospace Middle East.
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