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This magnesium sand casting company needed a joint venture with a new aerospace client to penetrate new international markets
Client description:
A national magnesium sand casting company
Challenge:
A magnesium sand casting company wanted to enter the Korean aerospace industry and secure new clients in the US via an international joint venture.
Methodologies:
Leveraging our experience in Asia and with economic offset programs, we were able to match the client’s interest with the objectives of a major aerospace company’s international economic offset programs.
The result:
A successful joint-venture was consummated between the client and a Korean casting company that was a tier one supplier to the local aerospace industry. The investment was structured in such a way that it also fulfilled economic offset commitment for a major US aerospace company. As a result, the client not only built a successful joint venture that led to the co-manufacturing of magnesium sand castings in Korea, they also became a preferred supplier to the US-based major aerospace company.
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