Topcast Group Holds Official Signing Ceremony with Greene Tweed to Affirm Strategic Partnership Expansion at Singapore Airshow 2022
- Press Release
- Singapore
- 16 February 2022
Singapore, February 16, 2022 – On the second day of Singapore Airshow 2022, Topcast Group, a global supplier of parts, MRO services, and aftermarket solutions for the aviation industry, signs an OEM expansion distribution agreement with Greene, Tweed & Co (“Greene Tweed”), a manufacturer of sealing solutions and structural components, for covering new exclusive product range and extending the customer base for OEM production. The agreement now covers the entire scope of aviation parts produced by Greene Tweed and additionally includes strategic product development capabilities to the company’s OEM production portfolio. Topcast Group, represented by Chief Executive Officer Steven Pearson and Greene Tweed, represented by Director of Aerospace and Defense Heath Zingelmann, signed the strategic expansion of the exclusive agreement at Singapore Airshow 2022 (Booth C-G81/H81).
The market expansion and business growth of Topcast in recent years made the Group an excellent match to Greene Tweed’s product targeting and aspirations for growth in the Asia Pacific and South America regions. The strategic expansion of both product range and engineering support reaffirms the long-standing partnership between the two companies and turns Topcast as the exclusive OEM distributor for the full Greene Tweed aero product range throughout the entire Pacific Rim incl. China, South Korea and Japan. The aircraft seals market size is expected to grow from USD 1.9 billion in 2021 to USD 2.4 billion in 2026, at a CAGR of 5.1% from 2021 to 2026. Under this agreement, Topcast Group represents over 1,300 Greene Tweed award-winning products ranging from sealing solutions to structural components.
Craig Winfrey, Vice President, Corporate Strategy and Business Development of Topcast Group said, “Greene Tweed is the industry leader in sealing systems with a long history. We are delighted to have them as our partner. And most importantly, we share similar goals. Topcast is confident that this agreement can bolster our strategic growth, build a more satisfactory product offering portfolio that is comprehensive with the addition of Greene Tweed.”
“We are excited to partner with Topcast Group and expand our reach in the Asia Pacific and South America regions. Topcast Group is well positioned to deliver high-performance sealing solutions and structural components to the Aerospace and Defense industry through its extensive distribution network in the region,” said Heath Zingelmann, Director, Aerospace and Defense, Greene Tweed.
Greene Tweed’s significant presence on major platforms, combined with Topcast Group’s extensive footprint in the Asia-Pacific region, will provide significant benefits for the relevant OEMs and production capabilities in the region. In addition, the development plans of China, Japan, and South Korea are the emphasis of this cooperation. The enhanced forecasts, expanded scope and product development capabilities resulting from this deepened partnership will optimize the supply chain and associated performance of the OEMs in the region by reducing costs, increasing supply efficiency and via new product development.
Expansion of the exclusive OEM production partnership between Topcast Group and Greene Tweed, is a unique testament to the strategic fit between the companies. By holding shared values and goals, collaboration and communication have proven to aid the substantial growth of two parties. Consequently, it is expected to see a well-rounded development and a positive trend in advancement and prosperity.
About Topcast
Founded in 1991 and headquartered in Hong Kong, Topcast is a world-leading aircraft parts distributor and MRO service provider. We offer exceptional OEM and aftermarket aircraft parts, equipment and repair services for a broad range of aircraft platforms. With our strong global network, we have 22 worldwide offices across Greater China, Asia-Pacific, Americas, Europe, the Middle East, and Africa regions, we connect suppliers with customers in all segments across over 90 countries. Visit us at www.Topcast.com.
