3/28/2011 1:30:00 PM
HEADLINES
Interfast Forges Aerospace Joint-Venture in China
Wang Zhilai, GM of AVIC International Zhuhai Co. Ltd., and Peter Oleck, president of Interfast, pictured during a signing ceremony in Hong Kong
Fastener distributor Interfast Inc. signed a letter of intent to create a joint venture company with China’s AVIC International Zhuhai Company Limited that will supply specialized fasteners and hardware, fastening systems, and value-added services to the growing aerospace market in China and the Asia-Pacific Rim.
The announcement was made in Hong Kong today near the 2011 Asian Aerospace International Expo and Conference.
AVIC International Zhuhai Co. is an influential, state-owned enterprise, whose parent company (AVIC) has been in charge of China’s aerospace programs related to high-quality aerospace research & development and manufacturing.
“We’re very pleased to partner with AVIC International Zhuhai Co. on this significant initiative to create a premier fastener integrator for the Chinese aerospace market that will service the growing needs of both the domestic Chinese aerospace community, as well as international aerospace manufacturers, airlines and maintenance repair and overhaul facilities,” says Interfast president Peter Oleck.
The joint venture company will be located in Zhuhai City in Guangdong Province in China.
Interfast has worked with AVIC since 1995 and has a long history of servicing customers in China, working both with global aircraft manufacturers as well as Chinese aircraft manufacturers. Web: avic-intl.com
The Chinese aerospace market is growing rapidly with strong participation by both global aerospace manufacturers as well as an increasingly robust indigenous aerospace industry with its own aircraft programs. Research firm AeroStrategy recently reported that China is one of the three most popular locations for new aerospace manufacturing investments.
Toronto-based Interfast is one of the top 10 global aerospace fastener distributors with customers spread around the world, in Asia Pacific, Europe, North America, South America. Web: interfast.ca ©2011 GlobalFastenerNews.com
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