Three-year Cooperation between CASC and Haiyen Standard Fastener Industry Expects Revenue to Exceed RMB5 Billion

China Aerospace Science & Industry Corp. (CASC) has agreed to collaborate with the standard fastener industry of Haiyen County, signing the cooperative protocol with 11 standard fastener manufacturers of Haiyen County. The two parties are going to launch the overall cooperative project including various aspects of capital, sales, technology, distribution and supply chain. CASC expects to cooperate with 15 companies in three years to achieve the revenue goal of RMB5 billion.  

CASC is the leading role in the manufacturing business of the professional aviation and aerospace middle and high-end fastener in China, with its product range covering almost all models of the aircrafts and engines, defense systems, and space systems in the China aerospace industry. In addition, CASC is the longtime supplier for the high-end products in the fields of electronics, ships, weapons, nuclear, and railways industries.