| keyword:the BHA Aero Composites Parts | | | | "BHA manufactures high-quality components for |
| | | | our commercial airplanes and is an integral |
| Boeing | | | | part of the company's global supply chain," |
| | | | said Carolyn Corvi, vice president and |
| China | | | | general manager of Airplane Programs, Boeing |
| | | | Commercial Airplanes. |
| The Boeing Company is to increase its stake | | | | |
| in the BHA Aero Composites Parts Co. Ltd. | | | | "Increasing our ownership in a valuable |
| (BHA) by buying the shares Hexcel Corp. owns | | | | supplier like BHA benefits both Boeing and |
| in the joint venture, the company told Xinhua | | | | China. Our investment will grow BHA to a |
| on Thursday. | | | | global supplier, expand the Boeing presence |
| | | | in China and strengthen our efforts to |
| This would lift Boeing's ownership to a | | | | develop this important market," she said. |
| majority stake of 80 percent in the joint | | | | |
| venture with China Aviation Industry | | | | Boeing said it would support BHA's expansion |
| Corporation I (AVIC I). The country's largest | | | | by acquiring rights to the land adjacent to |
| aviation manufacturer holds the remaining | | | | the facility in Tianjin's Binhai New Area. |
| shares. | | | | |
| | | | BHA was formed among Boeing, Hexcel and AVIC |
| The deal would be worth 22.3 million U.S. | | | | I in 2002 in Tianjin, north China. It |
| dollars, according to early reports. | | | | specialized in manufacturing composite parts |
| | | | for commercial airplanes. |