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