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TPAC is tracking closely with COMAC which is getting ready to build a lot of commercial aircraft in China. COMAC wants to bring China-made aircraft to the forefront and looks like TPAC will help as a manufacturer and supplier of bearings.
The potential is huge when you combine this with Boeing.
Buy some .0003-.0004s, then sit back and relax.
Agree. TPAC and COMAC. Boeing also nearby with their new plane completion facility in China.
To date we've seen 68 parts that COMAC needs that we are the only Chinese company qualified to produce. We continue to review other part #s
Source: TPAC Bearings ?@TPACbearings · Oct 16
Commercial Aircraft Corporation of China, Ltd. (COMAC) is a state-owned limited liability company, which is formed with the approval of the State Council and jointly invested by State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, Shanghai Guo Sheng (Group) Co., Ltd., Aviation Industry Corporation of China (AVIC), Aluminum Corporation of China Limited (CHALCO), Baosteel Group Corporation, and Sinochem Corporation. COMAC was held on May 11th, 2008, and headquartered in Shanghai. Mr. Jin Zhuanglong serves as Chairman and Secretary of the Party Committee of COMAC, and Mr. He Dongfeng as President.
COMAC functions as the main vehicle in implementing large passenger aircraft programs in China. It is also mandated with the overall planning of developing trunk liner and regional jet programs and realizing the industrialization of civil aircraft in China. COMAC is engaged in the research, manufacture and flight tests of civil aircraft and related products, as well as marketing, servicing, leasing and operations of civil aircraft. The company has nine member organizations: Design, Research and Development Center of COMAC (Shanghai Aircraft Design & Research Institute), Manufacturing and Final Assembly Center of COMAC(Shanghai Aircraft Manufacturing Co Ltd.), Customer Service Center of COMAC (Shanghai Aircraft Customer Service Co., Ltd. ), Beijing Research Center of COMAC (Beijing Aeronautical Science & Technology Research Institute), Civil Aircraft Flight Test Center of COMAC, Capability & Supporting Center of COMAC (Shanghai Aviation Industrial (Group) Co., Ltd.), News Center of COMAC (Shanghai Commercial Aircraft Magazine Co., Ltd.), COMAC Sicuan Branch (In Preparation), and COMAC America Corporation. COMAC has also had its Beijing Office, U. S. Office and European Office in Beijing, Los Angeles and Paris respectively, and set up a Financial Service Center in Shanghai. COMAC is a shareholder of Chengdu Airlines Co., Ltd. and SPDB Financial Leasing Co., Ltd.
COMAC is formed and operated according to the standards of modern enterprise system, and adopts an "airframer-suppliers" model, focusing on aircraft design, final assembly and manufacture of aircraft, marketing and customer service, acquisition of certification, and supplier management. COMAC adheres to the principle of "development with Chinese characteristics" and attaches great importance to technological progress and self-reliant advancement in the process of marketing, integration, industrialization and globalization. The company endeavors to manufacture large passenger aircraft that are safer, cost-effective, comfortable and environment-friendly. COMAC is determined to independently build large Chinese passenger aircraft that will soon be soaring through the blue skies.
Mission: To let China-made large aircraft fly in the blue sky.
Large passenger aircraft is the embodiment of the nation’s industrial and technological standing as well as the comprehensive power, and is praised as "the flower of modern industry" and "a pearl in modern manufacturing industry". In order to realize the century dream of flying in the sky and the strategy of the nation, COMAC is established, therefore, COMAC bears the nation's dream and people's trust. Summoned and inspired by the sacred mission of "letting China-made large aircraft fly in the blue sky", all COMAC staff merge their life pursuits and value goals into the unremitting efforts for large passenger aircraft programs, tackle difficult problems, strive for success, and resolutely follow the road of civil aircraft development with Chinese characteristics and embodying technical progress in order to achieve the success of research, development and commerce of large passenger aircraft programs, drive economic, science and technology development of China, and make the aviation industry of China move up to a higher level.
Vision: To deliver safer, cost-effective, comfortable and environment-friendly civil aircraft.
Modern large passenger aircraft opens the human civilization of flying and becomes the most efficient means of transportation. As a member in the big family of world civil aircraft, COMAC will work together with customers and cooperative partners to deliver safer, cost-effective, comfortable and environment-friendly civil aircraft, help more people benefit from the achievements of aviation science and technology, make human enter a new era with higher safety and lower risk in flight, i.e. a new era of "harmonious coexistence of men and blue sky", build a bridge for human friendship, civilization and progress, and promote sustainable development of the world.
Objectives: To build the large aircraft program into a symbol for the reform and opening up policy in the new era and for creating an innovative nation, and to build COMAC into a world-class aviation enterprise ("Two Builds").
Researching and developing large passenger aircraft is a significant strategic decision to build an innovative country, improve our independent innovation capability and enhance our core competitiveness. COMAC will resolutely follow the road of independent innovation with Chinese characteristics and embodying technical progress to implement innovation in system, mechanism, technology and management, insist on the development strategy of marketization, integration, industrialization and internationalization to develop trunk liners and regional jets with independent intellectual property rights and achieve the success of research, development and commerce of programs, improve the manufacturing capability and management level of aviation industry in China to drive the significant development of corresponding basic subjects in China, promote the group breakthrough of key technology in relative fields in China to accelerate the formation of civil aircraft industrial chain and industrial cluster in China, and play a comprehensively driving function and a typically demonstrating effect in the construction of innovative country to become a world-class civil aircraft manufacturer.
COMAC Projects 37,049 Deliveries of Commercial Jets over Next 20 Years
Last Updated (Beijing Time):2015-09-18 Source:WCARN.com
Commercial Aircraft Corporation of China (COMAC) projects that 37,049 new commercial jets will be delivered worldwide over the next 20 years, valued at US$4.82 trillion, according to the COMAC Market Forecast Report released on Wednesday at the Aviation Expo China 2015.
The report points out that the "One Belt, One Road" initiatives, a mega-scale blueprint that focuses on the connectivity between countries and regions by all modes of transportation, will have a stimulating effect on the global civil aviation industry.
Global revenue passenger kilometers (RPK) will register a year-on-year growth of 4.7 percent over the next 20 years, while Chinese RPK will grow 6.8 percent annually.
The Chinese manufacturer forecasts that 37,049 new aircraft will be delivered between 2015 and 2034, including 4,673 turbofan powered aircraft valued at US$208.1 billion, 24,144 single-aisle jets valued at US$2.25 trillion and 8,232 twin-aisle jets valued at US$2.37 trillion.
According to the report, there will be 41,949 passenger aircraft in 2034, 2.1 times of the current feet size (19,882). Asia-Pacific (including China) will become the fastest-growing market with their fleet proportion rising from 28 percent in 2015 to 35 percent in 2034. Chinese airlines will expand their fleet rapidly to 7,034 aircraft, accounting for 17 percent of the global fleet, instead of the current 12 percent.
Over the next 20 years, China will take delivery of 6,218 50-plus seat aircraft worth US$803.7 billion (5,000 billion yuan), including 773 turbofan powered regional aircraft valued at US$34.7 billion, 4,195 single-aisle jets valued at US$390 billion and 1,250 twin-aisle jets valued at US$380 billion.
Boeing, COMAC to Jointly Build 737 Plant in China
Last Updated (Beijing Time):2015-09-28 Source:WCARN.com
Boeing Tuesday signed a cooperative document with Commercial Aircraft Corporation of China Ltd. (COMAC) to build a 737 aircraft completion center in China, marking a step forward the cooperation between Boeing and Chinese aircraft manufacturing enterprises.
According to the document, Boeing and COMAC will build a joint venture to paint, finish and deliver 737 aircraft to customers, which is the manufacturer's first finishing facility outside the United States.
The 737 program will promote the development of Chinese aircraft manufacturing enterprises, improve the global status of China's civil aircraft supply chain, and make some Chinese enterprises become Boeing's premier suppliers.
The Boeing and China Civil Aviation Cooperation Signing Ceremony was held in Seattle on Tuesday during President Xi Jinping's visit to the United States. Three Chinese companies -- China Aviation Supplies Holding Company, ICBC Financial Leasing Co., Ltd., and China Development Bank Leasing -- signed a deal with Boeing to buy 300 aircraft from the U.S. manufacturer.
Boeing Chief Executive Dennis Muilenburg said on Tuesday the 737 plant in China will increase production rates of the 737 aircraft and will not "result in layoffs or reduce employment for the 737 program in Washington state
They are building orders and negotiating acquisitions and JVs. Once any of these activities gets completed and announced we should be off to the races.
I hope to buy more down here then just sit back and relax over the holidays watching the value grow.
A lot of doubters on this board, but we should know a lot more in the next 2-3 months.
Concur on BOD. Just waiting for the orders to start rolling in. Still trying to buy some $.0003s. Had order in Friday, but no takers.
I need some $0003s tomorrow! Hopefully this drops again this week, then I can relax and watch it grow into the new year as China's aerospace needs continue to grow.
Are we back to $.0003 today or up to $.0008?
I am still hoping for more $.0003s this week so bring it back down for a couple more days, then TPAC can blast off going into the holidays!
I'm hoping for more $.0003s this week, then sit back and relax for a couple months while McKay and the BODs (Archer, Arnold, Gould, Griffith) work out some deals.
The BODs are a very good group with connections to Boeing http://www.boeing.com/, Northrup Grumman http://www.northropgrumman.com/Pages/default.aspx, etc.
Then who is posting on Twitter for TPAC? They are saying progress is being made, but just can't give a date for closing a deal yet. Is there someone making this up on behalf of TPAC?
What about this:
TPAC Bearings ?@TPACbearings Oct 7
@jwmario Not at this point. Nothing is stopped. Everything is still moving forward. But no conclusions today.
Your right..."We've been asked to supply product capabilities for Boeing, COMAC & other aircraft."
Stanner, I haven't seen any reference to meetings directly with Boeing. Where did you see/hear that?
Will I be chasing $.0004s or $0008s this week! I will be trying to get some $.0003s, but not sure they will be available any longer.
I must admit I was expecting TPAC to go up a bit this week, but looks like it can't get past $.0004 without some GOOD news.
I read the tweet about working on JV, POs, etc. in China and the US, but there was no hint of dates so uncertainty prevails.
Well, on that note, I'll try to get some $.0003s next week and then just sit back and wait to see if Santa brings some large POs to TPAC for the holidays.
It sounds good and maybe, just maybe, a BREAKOUT PPS will follow in the coming weeks!
1 CEO, 4 DIRECTORS, NAVAIR QUALS, PAID OFF DEBT, SHARE REDUCTION, FACILITY COMPLETE, REQUESTS COMING IN = PRODUCTION, REVENUE, EXPANSION AND INCREASED SHAREHOLDER VALUE.
Sorry it took 5 years, but the planets are about to align in TPACs favor.
Bill McKay, TPAC CEO: We've been asked to supply product capabilities for Boeing, COMAC & other aircraft. These requests have come both from OEMs & subcontractors. Presently we are negotiating 2 acquisitions and a JV as well as potential purchase orders. We are still discussing potentially significant orders with Chinese customers for certain bearings. We are the only Chinese source available.
_________________________________________
Source: TPAC Bearings Twitter Feed 9/30/15
Clairmont Griffith, TPAC Director: He is an aerospace devotee particularly interested in spherical bearings, is an entrepreneur. He has been engaged with TPAC since early 2010, being a cofounder.
____________________________
Source: TPAC Website
Greg Archer, TPAC Director: He has over 24 years of aerospace industry experience as an executive with Northrop Grumman Corporation. From December 2002 through March 2010, he served as director of procurement / global supply chain for the Aerospace Systems sector of Northrup Grumman. Mr. Archer was responsible for the procurement of goods and services valued in excess of one billion dollars and some thirty million parts across multiple programs and platforms. In his role as the executive for procurement / global supply chain, he developed and deployed a purchasing model that was responsive to program needs across the sector.
____________________________
Source: TPAC Website
Jason Arnold, TPAC Director: He has over 25 years of experience in the aerospace manufacturing industry, regularly conducting business with such companies as Airbus, Boeing, Lockheed Martin and Northrop Grumman.
Kevin Gould, TPAC Director: He spent 12 years at Boeing in a variety of leadership roles including manufacturing, supply chain, engineering, program management, finance and facilities expansions.
"Excellent meetings in Xi'an. Expect these to result in quotes for standard and modified parts. Commercial applications. Multiple airframes."
This is the current status on the prospects for orders. I would expect more details in the coming weeks/months. Based on these details you should get an answer as to whether TPAC will finally produce parts after 5 years of development.
These are also interesting times given China's focus on aerospace now and in the coming years. All things, including China ordering 300 Boeing planes this week, point to great potential for TPAC in China.
Because you can't take orders if you can't produce product. My read of current status is that they just set up a facility to produce product so they can now take orders.
waterchaser...see post 45343.
By finally having their own facility in China to produce bearings. Up until now they have been working on a joint venture with Harbin, but looks like that didn't work out so they set up their own facility within the past month. Now they are seeking orders and per the last communication they had good meetings last week that should lead to orders (see below). Give this a couple months to find out now that they have their own production facility.
_______________________________________________________________
@TPACbearings.....Excellent meetings in Xi'an. Expect these to result in quotes for standard and modified parts. Commercial applications. Multiple airframes
No, how about 0004-0006?
@TPAC.... Each press can generate $10 million in revenue annually. We have 2 presses & can add another at a cost of 6 weeks & $11k per press
In addition to visiting Boeing, China's Pres visit includes....
"Among the items on Xi's agenda is a round-table discussion Wednesday moderated by former U.S. Treasury Secretary Henry Paulson, whose Chicago-based Paulson Institute promotes sustainable economic growth in the U.S. and China. On the U.S. side, chief executives Tim Cook of Apple, Jeff Bezos of Amazon, Satya Nadella of Microsoft and investor Warren Buffett were among those attending."
Note that Warren Buffett is attending after his recent purchase of a Portland, OR based Aerospace firm.
TPAC has been 5 years in the making to include NAVAIR quals in 2013. I understand the frustration by some if they have been around for years waiting.
Well, it is now 2015 and looks like it is time for TPAC to blast-off. China's pres is meeting with Boeing execs this week in Washington. Let's see what they decide to do.
TPAC targeting AVIC and COMAC for business. From all the meetings going on in China recently, TPAC should have an update soon. Likely TPAC working with AVIC and COMAC to help with planes built by Boeing and others.
Maybe $.0008 this week. Many Aerospace related things are happening and coming together this week.
Just as I thought...Boeing gets part from others and then puts together their planes.
TPAC Bearings @TPACbearings
People ask if Boeing makes these parts. They don't. Most parts used by Boeing are produced elsewhere. They design & assemble like car makers
AVIC, COMAC and BOEING Co-Venture Coming Soon?
The Civil Aviation Administration of China mandates that foreign investors may not produce planes in China except through co-ventures with AVIC (Aviation Industry Corporation of China, owner of the XAC/Xi’an Aircraft Corporation) and COMAC (Commercial Aircraft Corporation of China).
COMAC and TPAC Connection from August 6th......
brucebill Member Level Thursday, 08/06/15 02:08:09 PM
Re: None
Post # of 44848
@TPACbearings: We have targeted COMAC and have had discussions with them
AVIC and TPAC Connection: from July 18th TPAC Tweet....."If you read our business plan you will see our focus is on China market development and working with AVIC. That remains our focus"
I think the deal would be with AVIC and/or COMAC who would then be dealing with Boeing. So, not a direct deal with Boeing, but a deal through the 2 China Aviation organizations.
$0.01+ if TPAC announces anything about supplying parts for Boeing planes in China!