Trans-Pacific Aerospace (TPAC) deals in proprietary aerospace bearing technologies and is a manufacturer of spare parts for both new and existing commercial air fleets.
The primary component parts are referred to as self-lubricating spherical bearings, and they help with several flight critical tasks including aircraft flight controls and landing gears. There is a significant market for these products.
The Company will initially manufacture its parts through a joint venture in China. Just this week TPAC announced that Godfrey Ltd. (of which Trans-Pacific owns 25%) has opened a production facility, with assembly machinery and equipment in place, in China. The facility is located in Zhongshan, Guangdong.
This will enable the company to enter the high growth Asian market, which is expected to grow tremendously in the next decade. TPAC's management team has been in negotiations with Aviation Industries of China (AVIC) on many long term initiatives. AVIC is a company with annual revenue of $21.0 billion and is the major shareholder of Comac 919 which will start production by next year.
TPAC Investor Highlights
Announced that Godfrey Ltd. (of which Trans-Pacific owns 25%) has opened a production facility, with assembly machinery and equipment in place, in China. The facility is located in Zhongshan, Guangdong.
The Zhongshan facility, located in close proximity to Hong Kong and Guangzhou would be the first facility in China qualified for the production of SAE-AS81820, SAE-AS81934 and SAE-As81935 spherical bearings, bushings and rod end bearings, components used extensively in commercial aircraft.
Announced that it intends to continue talks with Aviation Industries of China (AVIC) on a number of long-term growth initiatives. AVIC, a Beijing-based Fortune World 500 company with $21 billion in annual revenue, has already established a number of joint ventures with such companies as Boeing, Airbus , GE, Rolls Royce, Pratt & Whitney, Northrop Grumman , Honeywell, Rockwell Collins and Sikorsky Aircraft in order to bring aerospace manufacturing capabilities into China.
Announced that it has acquired a 25% ownership interest in Godfrey (China) Limited, a Hong Kong corporation, in exchange for its technology used for the design and production of SAE-AS81820, 81934 and 81935 self-lubricated spherical bearings.
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