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Interfast Inc. and China's AVIC International Zhuhai Co. sign Letter of Intent for joint venture

Interfast Inc, a leading global aerospace and industrial fastener distributor, and China's AVIC International Zhuhai Company Limited (www.avic-intl.com) today signed a Letter of Intent to create a joint venture company in Guangdong Province that will supply specialized fasteners and hardware, fastening systems, and value-added services to the growing aerospace market in China and Asia-Pacific Rim. The agreement was signed at the same time that Interfast is in Hong Kong as part of a trade mission put on by the Ontario Ministry of Economic Development and Trade to attend the 2011 Asian Aerospace International Expo and Conference.

"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 Peter Oleck, President, Interfast Inc. "Interfast is a leader in the supply of specialized aerospace fasteners and brings customized supply chain logistics and management programs that minimize costs and maximize competitiveness. 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 and has become more and more acknowledged by the global aerospace industries."

The joint venture company will be located in Zhuhai City in Guangdong Province in China.

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.

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.

Press release issued by Interfast Inc., Aerospace Products Group on March 9, 2011

 

 Contact details from our directory:
Interfast Inc., Aerospace Products Group Fasteners, Adhesives, AN, MS & NAS Series Fasteners, Blind Fasteners, Case Fasteners, Composite Fasteners, Latch Fasteners, Alignment Pins, Pin-Rivet Fasteners, Quick Release Fasteners, Self-Locking Fasteners, Snap Fasteners, Custom Fasteners, Adjusting Bolts, Anchor Nuts, Barrel Nuts, Belleville Washers, Blind Rivets, Bolts, Cable Ties, Capped Nuts, Captive Nuts, Captive Screws, Channel Assembled Nuts, Clevis Pins, Clip-On Nuts, Clips, Conical Washers, Cotter Pins, Countersunk Washers, Countersunk Bolts, Coupling Nuts, Custom Nuts, Custom Rivets, Custom Screws, Dimpled Washers, Dowel Pins, Flat Washers, Grooved Pins, Heat Resistant Bolts, Hexagonal Nuts, Hexagonal Bolts, Hexagonal Screws, Hi-Lok Pins, High-Strength Nuts, Insulation Fasteners, Key Washers, Lock Washers, Machine Screw Nuts, Machine Screws, Nut Plates, Nuts, Pins, Plain Washers, Protruding Bolts, Quick-Release Pins, Radius Washers, Retainer Bolts, Reusable Fasteners, Rivets, Roller Screws, Screws, Self-Aligning Washers, Self-Locking Bolts, Self-Locking Nuts, Self-Locking Screws, Self-Retaining Bolts, Self-Sealing Fasteners, Self-Sealing Screws, Set Screws, Shoulder Bolts, Slotted Nuts, Socket Head Screws, Solid Rivets, Split Rivets, Spring Pins, Spring Tension Washers, Stand-Off Nuts, Straight Pins, Taper Pins, Tubular Rivets, Washers, Wave Washers
AVIC International Holding Corporation

 

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