This magnesium sand casting company needed a joint venture with a new aerospace client to penetrate new international markets

A magnesium sand casting company wanted to enter the Korean aerospace industry and secure new clients in the US via an international joint venture.

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.

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.