Trans-Pacific Aerospace Company, Inc. Provides Update On Progress In China
Trans-Pacific Aerospace Company, Inc. (OTCBB: TPAC.OB) CEO Bill McKay, who is currently in China, today reported on progress for U.S. Navy qualification testing.
“We’ve started production on more than 1,000 bearings to be submitted for qualification,” said McKay from Godfrey (China) Limited, the company’s 25%-owned subsidiary, “and I’m so glad that we’ve done this so many times before.” The Trans-Pacific Aerospace manufacturing and quality control team, in China from the U.S., has successfully qualified over 3,000 different types of bearings for both SAE and FAA commercial aircraft approval.
McKay commented: “The nuances in making these parts in China, while subtle, require a great deal of focus. The logistics of getting raw materials in from the States, buying and shipping machinery from the far reaches of China, and then making sure that the machinery performs to the same accuracy that we’re used to could have been an Excedrin headache. Everything has come together, though, and I am particularly pleased that the machinery and equipment we’ve purchased far surpasses our expectations, so much so that we plan to acquire finishing machinery here for specialized post-assembly work that we had previously planned to do in the U.S.”
Trans-Pacific Aerospace is currently in the process of qualifying Godfrey’s Guangzhou China manufacturing facility and is producing test parts which will be subsequently submitted to the U.S. Navy for certification. Subject to U.S. Navy certification, Godfrey expects to commence manufacturing its self-lubricating spherical bearings in the third quarter of 2011.“We're really excited about the way things have been going here and in my view it’s a testament to the contributions and hard work made by our team both here in China and in the States, including Greg Archer, Dave Brandon, Kevin Gould, Alex Kam, Ray Kwong, Rod LaMay, Andy Lerma, Peter Liu and Nick Nguyen. Their insight, dedication, experience and commitment exemplify teamwork, which we believe will lead to the success of Godfrey Guangzhou and TPAC.”
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV