Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Bills machinist aren't making any money because he us not selling parts. Can you make bearings in a mill...yes , thank you. With the right set up it could be very productive, the is nothing a lathe can do that a mill can,t . Like u said before ...some claim bill is going to make other parts than bearing...this is what I was referring to ...understand???? I am not talking about running production bearings in a mill. Do I need to go over it again?
this is from 2010 about the facitlies:
http://www.sec.gov/Archives/edgar/data/1422295/000114420410019694/v180854_ex99-1.htm
AN JUAN CAPISTRANO, CA—April 13, 2010 -- Trans-Pacific Aerospace Company, Inc. (OTC BB: TPAC.OB) announced today that Godfrey (China) 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 opening of the Zhongshan facility is a successful first step in accelerating our development programs to meet anticipated demand from China’s expanding domestic airlines,” said Bill McKay, Trans-Pacific’s CEO. McKay added, “[Our] engineering and production crew are working to get us into and through the qualification phase as quickly as possible.”
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. McKay stated, “Once qualified, we will be placed on the Qualified Producers List, allowing all Chinese and international airframe manufacturers, sub-tier suppliers, MRO facilities, airlines and distributors to purchase our parts. We expect that the Zhongshan facility will provide our customers with competitive prices and deliveries and superior products.”
“We currently anticipate entering the qualification phase in the second quarter of calendar 2010 and obtaining qualification in the third quarter of calendar 2010. Our current schedule would enable us to commence commercial deliveries in late calendar 2010 or early 2011,” said McKay, “and we continue to develop supply chain ties within China to provide us delivery of superior quality components, manufactured to exacting standards, using US manufactured raw material and produced within very short lead times.”
Trans-Pacific Aerospace Company plans to use its proprietary aerospace bearing technologies to manufacture and sell component parts for both new commercial aircraft and spares for the existing commercial fleet, initially through a joint venture in China. The 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.
They have had thier own facilities , how do you think they got certified?
http://tpacbearings.com/news/ceo-comments-chinas-recent-jet-orders
2011
Commented McKay: “We’re beyond excited about this activity because we can sell $500,000 worth of bearings for every one of those new airplanes. As of now, we have the production capacity to meet our third year projections.”
http://tpacbearings.com/news/update-progress-china
2011
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.
http://tpacbearings.com/news/tpac-acquires-godfrey-china-limited
2013
Trans-Pacific Aerospace Company, Inc. (OTCBB: TPAC) announced today that it has acquired a 55 percent ownership interest in Godfrey (China) Limited, a Hong Kong corporation.
Godfrey (China) Limited's wholly foreign owned enterprise, Godfrey Guangzhou Aerospace Bearings, recently passed all qualification testing for SAE Aerospace Standard 81820 from the U.S. Navy, becoming the first and only manufacturer in China qualified to make bearings under this standard.
To date, Trans-Pacific Aerospace’s operations have focused on facilitating the development of the Guangzhou production facility, and the design and engineering of Godfrey’s initial product line of spherical bearings.
http://www.nokbearing.com/news/Bearings_News/2014/0329/109802.html
Timken(Chengdu)Aerospace & Precision Products Co.,Ltd Receives SAE AS9100 Certification
On Sep 3, The Timken Company announced its newly-luanched plant---Timken(Chengdu)Aerospace & Precision Products Co.,Ltd has achieved SAE AS9100 Certification from the International Aerospace Quality Group (IAQG).
SAE AS9100 Certification is a globally recognized aerospace sector standard that defines the quality system requirements for suppliers to the aerospace industry. The aerospaceindustry established the IAQG to promote cost reductions and improve quality and safety. The organization is comprised of aerospacecompanies in the Americas, Asia/Pacific and Europe.
"Not only does achieving AS9100 Certification demonstrate our commitment to deliver quality products and services to our current customers, it also strengthens our ability to win new customers worldwide in the aerospace market." said Rong Manning, the Aerospace Business Dept. President of Timken Bearing and Power Transmission Division.
As I warm up my machines this morning I am watching some interesting videos. is it practical to machine spherical bearings in a mill? No, but don't tell me it can't be done. There is a bit more technology these days than what they use in an engine room machine shop...roll your box outta my shop boy. The biggest thing I learned as an apprentice is don't use the word can't, if my boss tells to me to do a sphere on a mill...I better figure it out because it can be done. I guess Bill's machinist wouldn't cut it in the shops I've been in.
I guess Bill's word is better than the leading bearing manufacturing website.
Once again...i know bill claims it's only a "processing plant" ok, I'll give him that, but what do they process? dog food? pixie sticks? No. 16,000 employees, that's a lot of spherical bearings being processed.
http://www.minebea.co.jp/english/product/bearing/1181969_6218.html
Manufacturing
Minebea Co.,Ltd. Karuizawa Plant (Japan)
NMB-Minebea Thai Ltd. Lop Buri Plant (Thailand)
New Hampshire Ball Bearings, Inc. Laconia Plant (U.S.)
NMB-Minebea UK Ltd. Lincoln Plant (U.K.)
Like I said.. he wasn't part specific when I made that comment. Obviously you'd want a Cnc lathe and bar feeder to make production bearings. I'm glad to take the heat off bill...im going to go program a round part for my mill now.lol
You could use a rotary table on a manual mill to make a round part... to say you need a lathe ro make a round part is wrong.
I never said I would make bearings in a mill...but you could. He said he would not know if he could make a part without seeing a print. I Said you can pretty much make any part with a 5 axis mill. He did not say bearing...some people are saying he is expanding to submarine doors. A Machinist can maje any part that has been made b4
Apparently mills can't machine round parts...learn something new everyday.
He does? Then why in 5 years...2 being certified he has not lined up any contracts....do you think he would have been trying to sell bearings all along. Like I said , he can't sell bearings someone tell me why.
I'm not a production machinist, and don't do bearings so he's got me there. His " factory" and skills as a ceo and salesman are not impressive as well. We can talk about machining but fact is, I keep my owner's green lights on and make him money every day something bill can't do. He a joke and penny dreamers think he walks on water.lol. there is a reason he can't sell bearings...what is it???
It"s exciting, after 5 years he found a company he can gave a quote too!!!!!
Maybe Bill needs to get off the internet and go sell some bearings if he wants increase pps. His twitter wars are a bit childish. 5 years and no sales says it all, fake pr coming soon!!!!!
That's funny he thinks you can't make a bearing on a 5 axis mill. A lathe is the ideal place you want to make a bearing but saying you can't make a bearing in a mill because it doesn't turn is ignorant and a lie.
Unless they shut that factory down I would still say they are making and SELLING bearings for Boeing and Airbus...so yes, it is current . 2009 is the year Boeing certified their plant, they've made a lot of bearings since then.
This is the best part here:
WOW!!! Just like he has expected revenue for the last 5 years and yet nothing...not a single part sold.
How is he going to get a $1m order? So far he hasn't gotten any orders, he tweeted back in march about a 6 figure order that never came through. he couldn't fill a $9000 order with Timken that could have established this company with a big time supplier. As many years as a CEO and industry person as Bill is he has made some rookie mistakes...not good for a 60 year old CEO, seems like amateur hour instead. Don't worry Tpac won't be around in 5 years either.
NEWS FLASH: Boeing and Airbus select bearing manufacturer for Asian market
Minebea's Lop Buri Plant in Thailand Obtains The Boeing Company's Qualification for Special Processes
The MPA Division (Mechanical Parts for Aircraft Division) at the Lop Buri Plant of NMB-Minebea Thai Ltd. of the Minebea Group (Location: Lop Buri Province, the Kingdom of Thailand; hereinafter referred to as the "Lop Buri Plant"), on November 2, 2009, obtained The Boeing Company's qualification for its special processes.
The Lop Buri Plant in Thailand, in 2007 and 2008, obtained National Aerospace and Defense Contractors Accreditation Program (Nadcap) (note 1) certification for its special processes (note 2), such as nondestructive testing, heat treatment and chemical process (surface treatment), to manufacture aircraft bearings. Meanwhile, in the actual manufacturing of aircraft bearings that requires strict quality controls, special processes management is established in detail by standards (public standards and individual manufacturer standards) to be applied. Because of this, recently the Lop Buri Plant has gone through the Boeing qualification process, and obtained The Boeing Company's qualification for its special processes with respect to the management, handling and inspection of nondestructive testing and heat treatment—for the first time in Thailand.
The Lop Buri Plant has already obtained similar qualifications from Airbus S.A.S. The recent success in the Boeing qualification process enables processing products for the two large aircraft makers within Thailand, in addition to the products for Boeing to which responses were only available in Japan to date. Additionally, ahead of this success, the operation of our Karuizawa Plant's new aircraft bearing facility began in April this year. Combined with the output at the Lop Buri Plant, we expect to be able to achieve stable supply due to the increase in supply capabilities. Additionally, by reducing costs due to a gain in production efficiencies, shortening delivery times, etc., we will work to improve added values further and secure competitiveness as the only aircraft bearings maker that can meet strict quality requirements at the three poles of Europe, U.S. and Asia.
The Minebea Group will continue to strive to obtain qualifications for manufacturing aircraft-related components at each site in order to meet high levels of quality requirements from the aircraft industry, promoting the establishment of reliable quality control systems and the strengthening of its supply structure.
http://www.minebea.co.jp/english/news/press/2009/1185033_6002.html
Yep, he even post on fake news and events that have happened over and over. 5 years to open a machine shop and no sales...not much to tweet about. Maybe the big guy can get another $9000 order and try and fill it in less than a year. I'm pulling for you champ.
That's why they have qc and r & d, bill couldn't hack it in the us and won't be able to hack it in China, this is not a 25 milion a year company, when bill had loi with avic bearing his revenue prediction was 10 million now on his own it's 25-50 million his bs keep going up. Perry players dream this little worthless company is going to sneak up on the giants, he can't sell a single part after being certified for over 2 years now. Keep dreaming
I think minebea and timken have boeing covered , they have real manufacturing facilities, although according to bill they aren't intrested in the Chinese market because they don't want to make money and are satified with what they have.lol in fact bill stated he had a monopoly in china despite the fact that no one uses a single bearing tpac has produced. I guess he has a monopoly on being the only bearing company 5 years straight with no sales, no revenue. Congrats Bill!#!!
http://www.minebea.com.cn/en/newsCenterDetail.aspx?Nid=22
http://www.minebea.com.cn/en/product_1_2.shtml
The World's Largest Manufacturer
Minebea is the world's largest manufacturer of this product with a global market share of approximately 60%. (Minebea estimate for aerospace application)
Certified by Main Aircraft Manufacturers
Aircraft applications demand bearings that deliver exceptional durability, ensuring consistently superior performance despite changes in temperature and air pressure. Accordingly the aerospace industry imposes stringent standards. We have obtained MIL standard and certification from main commercial aircraft manufacturers in Japan, U.S.A. and Europe.
Production in The World's Three Aerospace Markets
We have production and R&D centers in Japan, Thailand, U.S. and Europe, rendering us well-positioned to respond to our customer needs globally.
https://en.wikipedia.org/wiki/ASEAN%E2%80%93China_Free_Trade_Area
he ASEAN–China Free Trade Area (ACFTA), also known as China–ASEAN Free Trade Area is a free trade area among the ten member states of the Association of Southeast Asian Nations (ASEAN) and the People's Republic of China. The initial framework agreement was signed on 4 November 2002 in Phnom Penh, Cambodia, with the intention to establish a free trade area among the eleven nations by 2010.[1][2] The free trade area came into effect on 1 January 2010.[3][4] The ASEAN–China Free Trade Area is the largest free trade area in terms of population and third largest in terms of nominal GDP.[5][6]
NMB-Minebea Thai Ltd. Lop Buri Plant (Thailand)
http://www.business-in-asia.com/asia/fta_thailand.html
Don't see Tpac on this list of companies...and there are a lot of companies on this list, surely an industry giant like tpac would be on here. I guess that list is reserved for real companies that are involved in making parts for aircraft's.
http://www.slideshare.net/Visiongain/commercial-aircraft-pma-market-forecast-2014-2024
http://image.slidesharecdn.com/commercialaircraftpmamarketforecast2014-2024-140116105358-phpapp01/95/commercial-aircraft-pma-2014-2024-40-638.jpg?cb=1391504578
How many times is Bill going to put out a pr stating that the manufacturing facility is open, I guess he's really serious about it this year. Wonder what the next pr will be...new or recycled BS.
http://www.sec.gov/Archives/edgar/data/1422295/000114420410019694/v180854_ex99-1.htm
FOR IMMEDIATE RELEASE
April 13, 2010
Contact Investor Relations:
William McKay, Chief Executive Officer
626-755-1211
wrmckay@gmail.com
Trans-Pacific Aerospace Company, Inc. Affiliate Opens Production Facility in China; Accelerates Development Programs, as China Expands Fleet
SAN JUAN CAPISTRANO, CA—April 13, 2010 -- Trans-Pacific Aerospace Company, Inc. (OTC BB: TPAC.OB) announced today that Godfrey (China) 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 opening of the Zhongshan facility is a successful first step in accelerating our development programs to meet anticipated demand from China’s expanding domestic airlines,” said Bill McKay, Trans-Pacific’s CEO. McKay added, “[Our] engineering and production crew are working to get us into and through the qualification phase as quickly as possible.”
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. McKay stated, “Once qualified, we will be placed on the Qualified Producers List, allowing all Chinese and international airframe manufacturers, sub-tier suppliers, MRO facilities, airlines and distributors to purchase our parts. We expect that the Zhongshan facility will provide our customers with competitive prices and deliveries and superior products.”
“We currently anticipate entering the qualification phase in the second quarter of calendar 2010 and obtaining qualification in the third quarter of calendar 2010. Our current schedule would enable us to commence commercial deliveries in late calendar 2010 or early 2011,” said McKay, “and we continue to develop supply chain ties within China to provide us delivery of superior quality components, manufactured to exacting standards, using US manufactured raw material and produced within very short lead times.”
Trans-Pacific Aerospace Company plans to use its proprietary aerospace bearing technologies to manufacture and sell component parts for both new commercial aircraft and spares for the existing commercial fleet, initially through a joint venture in China. The 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.
The bearings and company in the article is way different than tpac, they actually have sales, bearings on airplanes and work with comerical airline companies in china..so bill was right not even the same fruit.
Bill may have a superior knowledge about brings than I do , as he should, I've never produced a bearing in my life. Being a Machinist for almost 20 years I can tell you this doesn't pass the smell test. Bill said the SAE cert sold itself and was gold.... now he is back tracking on that. I don't think he knows what he is talking about eithr. Never met a machine shop owner that could not sell parts.
They may make different bearings but tpac is not the only bearing company in china supplying comerical aircraft with bearings like Bill would like everyone to think. And for him to say the other SAE certified companiez have no intrest in china is a joke. What ceo is not intrested in making money ? I do know his machine shop and assembly shop is a joke also.
And don't forget about Timken, who's been there since about 2003 and I'm sure many others, but China has been waiting for TPAC and their SAE approved parts before they get their aerospace and aviation sector going.
Even the SAE approval can't bring in sales, mean while established bearing companies have been in China setting up shop ready to supply the Chinese aerospace industry.
http://www.bardenbearings.com/content.barden.us/en/press/press-releases/press-details.jsp?id=37438850
The Barden Corporation, the world's leading manufacturer of high-precision aerospace bearings and part of the Schaeffler Group, recently hosted the first Barden Aerospace Bearing Technology Seminar in Guiyang, China, in association with Guizhou Aviation Industry Corporation (GAIC). The event involved representatives from the Aerospace sector of Schaeffler Greater China, technical engineer from Barden Corporation and a number of technical engineers from GAIC.
During the seminar, professionals from Schaeffler Aerospace, Barden and GAIC conducted in-depth discussions and exchanges on aerospace bearing technology, Barden products and services, and potential projects for bilateral cooperation. Technical experts from Schaeffler and Barden also gave detailed presentations to GAIC on the dual advantages of Schaeffler Aerospace bearing products and services, before fielding questions.
The Barden Corporation, which was founded in 1942 and is headquartered in Danbury, Connecticut, USA, produces super-precision bearings for use in aviation and aerospace as well as in dental and X-ray technology. Barden is one of two major brands under Schaeffler Aerospace. With its two brands FAG and Barden, Schaeffler Aerospace supplies the world's aerospace industry with high-precision bearings for power units in aircraft, helicopter and aerospace applications.
Schaeffler Aerospace entered China in 2006 and has established a stable project partnership with the Aviation Industry Corporation of China and other companies, aimed at helping the development of China's independent civil airline sector and establishing business cooperation with major airlines and maintenance plants. With its quality products and comprehensive services, Schaeffler Aerospace has seen the rapid growth of its business in the Chinese market.
GAIC is a major Chinese aviation manufacturer specializing in the development and production of aviation and aerospace engines. This event was the first technical seminar held by Barden in mainland China and is another step towards a fast growing business in China's aerospace market. At the same time, it gives strong impetus to bilateral cooperation between Schaeffler and GAIC, marking a positive start to the latter’s partnership with Schaeffler Aerospace.
Big orders like that $9000 order they couldn't fill. They are going to go from not being able to do a $9000 to million dollars orders ....yeah right.lol they just better stick to trying to get a couple 10,000 orders it looks like that's all their high tech manufacturer plant can handle.
Yep , and they think they'll bring in 25 million in po's.lol it'll be more like the $9000 timken po, which they could not complete. No way a company puts in a big order with them because Thier facilities can't Handel it. Thier shop is one step up from being in someones garage, anybody in the industry can see that.
Over 4 million in operating expenses almost twice as much as last year. They also need to raise 2 milion dollars for marketing and production cost. Doesn't look too good.
A Machinist would know there's not much you can't do these days epically with 5 axis cnc machines. It's not like Bill is in the post on to turn down wotk.lol Even if he couldn't make it it would just be like his Timken po...just think of how many prs he could milk out of it.lol
They aren't building houses they are machining parts, if it's been machined before you can make it, specs don't matter and the part function doesn't matter. Steel is steel and dimensions are dimensions. It's funny bill said they took equipment out of the building to remodel yet they had to open the doors up to get it back in and buy tables and shelves. ...sounds like he wasn't being truthful about what he had prior to "remodeling "
Wow!!! They now have a table!!!!! Shelving will make this a game changer!!! I bet customers were just wating to see what kind of table and shelves they were putting in before placing orders.
Haha, with all his equipment and resources why would he need to see a print to know if he could make a part? Either you have the capability to machine something or not.
This has nothing to do with tpac, it is about boeing's production line not parts suppliers. Tpac does not even supply boeing with parts...in fact they supply no one with parts.
Not the number of meetings... but how many years of meetings does it take to sell a bearing...going on 5 and still no sales. Either Bill can't produce what he says or no one is interested in doing business with a "Manufacturing facility" that looks like that.
Good thing you're impressed by the "manufacturing facilities" but it doesn't seem like the bearing industry is by the lack of po's. How many meeting do you need to have to sell these bearings that some claim monkeys can sell. The lack of sales in the last 2 years is a big clue what people in the industry think of tpac.