Mississauga, ON -- (SBWIRE) -- 06/09/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Trans-Pacific Aerospace To Start Full-Scale Production in China."
Companies mentioned in this article include Boeing Co. (NYSE:BA) and Trans-Pacific Aerospace Company Inc. (OTCBB:TPAC).
One of the world's biggest aircraft manufacturers, Boeing Co. (NYSE:BA) noted in its Current Market Outlook that the aviation industry continually adapts to market forces. Boeing forecast long-term demand for 36,770 new airplanes. Out of these, 15,500 or 42% of all new deliveries will replace older, less efficient airplanes.
One of the key drivers of aircraft demand has been fast-growing low-cost carriers, especially in emerging Asia. Boeing noted in its report that growth in emerging countries has continued to outpace that in developed economies. The aerospace giant further notes that overall, emerging markets, led by China and the Middle East, continue to grow faster than the global average.
Indeed, as for many other industries, China is a very important market for the aircraft and aircraft component manufacturers. Not surprisingly, several manufacturers of aircraft components are looking to gain a foothold in China. In fact, the U.S. Department of Commerce noted in a report that China's rapidly expanding aviation industry presents many opportunities for U.S. exporters, particularly in the market for imported aircraft parts.
This morning Trans-Pacific Aerospace Company Inc. (OTCBB:TPAC), a development-stage company engaged in the business of designing, manufacturing and selling aerospace component parts for commercial and military aircraft, announced that it will commence full-scale production at facilities in Dongguan, China. TPAC has already obtained funding from Dr. Daniel Desta and Dr. Clairmont Griffith, who have been involved with the company for some time.
The full version of this article can be found at:
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