Crescent Hill Capital Corp (OTCMKTS:DRMC) announced that it would enter into metals work market for commercial aircraft and aerospace industries. The company is expanding its business into an entirely new segment. It has positioned itself in the sector by acquiring NU Metals Technology’s metals operations. It has formed a CNC Metals segment for CNC Machining.
Talking about the prospects presented by metals work industry, Crescent Hill Capital Corp (OTCMKTS:DRMC) stated that it expects demand of more than 35,000 new airplanes, worth $4.8 trillion. Out of the projected demand, almost 41% will come from replacements. The companies that are looking to replace older airplanes will contribute significantly to the projected demand. The new airplanes will not reduce the cost of air travel but will also result in lower carbon emissions.
The rest of the contribution of 20,930 airplanes will come from growth in the aircraft and aerospace industries. There is increasing demand for innovative airline business models in emerging markets. The 70% of new deliveries will be single-aisle aircrafts, indicating growth in emerging markets including China. The commercial aircraft industry is looking to expand with low-cost carriers across the world. Crescent Hill Capital Corp (OTCMKTS:DRMC) further said that the wide body share is expected to increase from 23% in 2015 to 24% in 2032. Airlines, with new wide-body airplanes can expand into international markets.
Crescent Hill Capital Corp (OTCMKTS:DRMC) said that to manage the business objective of developing or acquiring entrepreneurial firms, it has restructured its management organization. It has established a wholly-owned holding firm known as L&M Group Investments, Inc. that will look after the Company’s diversifying operations. The plan is to focus on companies, with robust growth and profit potential that makes a good candidate for acquisition or development. L&M Investments will take care of newly formed CNC Division.