For most overseas aviation investment casting and forging head companies such as PCC, LMI Aerospace, and Constellium, horizontal expansion of the industry (inter-bank mergers and acquisitions) is the main means to increase market share.
Since 2010, PCC's sales have increased from 6.209 billion U.S. dollars to 11.18 billion, a compound annual growth rate of 9.6%. In addition to the steady expansion of aviation market demand, the company’s sustained and rapid growth has contributed to the increase in market share as a core factor. The company's market share in the aviation investment casting market has increased from 30% in 2011 to 34% in 2018 (calculated based on the pre-merger business structure). Founded in 1949, the company entered the aviation investment casting field through GE's TF39 engine project, and subsequently acquired the European titanium alloy foundry and TRW casting division of Messier Fonderie D'Arudy in the 1980s, and acquired Advanced Forming Technology and ACC Electronics in the 1990s. , Quamco, Astro Punch, Olofsson Corporation, J&L Fiber Services, Pittler Maschinenfabrik GmbH and Schlosser Casting Company. In 1999, they acquired Wyman-Gordon, the world’s leading aerospace forging manufacturer. After entering the 21st century, the pace of PCC’s mergers and acquisitions Still non-stop. At present, the Boeing 787 airliner relies to a large extent on PCC's products and technology, and the aero engines manufactured by GE and RR are also inseparable from PCC products. Continuous mergers and acquisitions have enabled PCC to occupy a higher position in the aviation forging and casting market.
Constellium is a leader in the world's aluminum manufacturing industry and has a dominant position in the aviation aluminum products and large backlog profiles market. Constellium materials are used in F-35 fighter jets. Its 7050 and innovative 7140 alloy have higher strength and corrosion resistance, and are lighter. Many aircraft in service, such as F16 and F-18, also use Constellium alloys. Boeing, Loma, Dassault, Embraer, NASA, SpaceX, Blue Origin, etc. are all company customers. Constellium Aluminum was gradually developed by Alcan's acquisition of century-old aluminum giants Pechiney, Alusuisse and other industry leaders. After listing, it acquired companies such as Wise Metals. Broadening its business scope and customer resources through horizontal mergers and acquisitions is one of the main ways Constellium Aluminum has developed into a global aluminum giant.