Georgia aviation firm creates joint venture with Japanese company

A Georgia-based aviation company is creating a joint venture with a Japanese aerospace corporation in a deal that is expected to bring 25 new jobs to west Georgia.

International Component Repair of Villa Rica said Thursday it will create a joint venture with IHI Corporation of Japan. The $10 million venture will manufacture fuel diverter valves, engine overhauls and other aviation parts.

For IHI, which has 26,000 employees worldwide, the move is an opportunity to establish a beachhead in the Southeast. Kaz Sato, the company’s vice president, said it was the firm’s first aerospace joint venture project.

Georgia economic development commissioner Chris Cummiskey said the department is focused on targeting the aviation industry.

“Aerospace remains a strategic industry for Georgia, so this decision helps further position Georgia as a competitive location for all sectors of the aerospace industry,” he said.

About the Author

Holidays to be merry for Atlanta retailers. But forecasts show class split.

U.S. shoppers are expected to spend more this holiday shopping season than last year. That's expected to be powered by higher-income families.

1h ago

The AJC Interview: Rivian CEO RJ Scaringe on the EV maker and its future

The CEO told the AJC editorial board that the need to ramp up production is why Georgia is such a critical part of Rivian’s plan to rival Tesla.

‘Big, beautiful bill’ passage dims outlook for Georgia’s clean energy sectors

Georgia has been one of the top states for solar and electric vehicle manufacturing investment. Some warn that's at risk after passage of the "one big, beautiful bill."

The Latest

Credit: TNS

In the market for a luxury vehicle? You might reconsider Lincoln.

Beyond the odometer: What matters most in a used car

Why your car’s safety tech needs maintenance, too

Featured

Credit: Arvin Temkar/AJC

Analysts warn Georgia Power bills will rise if PSC approves data center buildout

Analysts are warning Georgia Power's residential customers could see monthly bills jump $20 or more if state regulators approve the company's planned data center expansion.

GHSA suspends 39 Gainesville football players for brawl that ended playoff game

The Gainesville-Brunswick game was discontinued with 1:57 left in the third quarter when the fight began. Gainesville was leading 42-0.

Here’s when metro Atlanta interstates will be busiest this holiday week

Experts say more than 2 million Peach State residents will travel by car for Thanksgiving.