Trans-Pacific Aerospace Company, Inc. announced that it has signed a Letter of Intent with AVIC Harbin Bearing Corporation, Ltd. (AVIC Harbin) to form a joint venture (JV) to produce plain spherical bearings and to improve manufacturing methodology for all bearings. Additionally, TPAC will advise AVIC Harbin on management and operations. AVIC Harbin is the preeminent aerospace bearing manufacturer in China.

With over 3 million square feet of manufacturing space under roof and machinery and equipment, AVIC Harbin is in a position, through the JV with TPAC, to provide first in class quality bearings to the worldwide aerospace industry. AVIC Harbin is AS9100 approved and manufactures key components for the COMAC C919. Its parent, AVIC, has as its major OEM customers Boeing, Airbus, Embraer and Bombardier.

TPAC anticipates its AVIC Harbin JV will enjoy the same customer base that currently exists with AVIC. AVIC has sales in excess of $45 billion annually, through its various divisions, including AVIC Harbin. TPAC and AVIC Harbin expect to finalize a JV agreement sometime during the third quarter of 2014 and immediately move forward with the qualification of the Harbin facility.

TPAC anticipates revenue shortly after the finalization of the JV with potential first year revenue of $10 million.