On the evening of February 17th, a large factory in Abington Township, Pennsylvania, USA, experienced a sudden explosion and was engulfed in fierce flames. The factory belongs to SPS Technologies, hereinafter referred to as SPS Technology Company, which plays a crucial role in the global aerospace fasteners industry.
As a leading supplier of global aerospace fasteners, SPS Technology Company holds more than 30% of the global market share, with industry giants such as Boeing and Airbus as its main clients. The fire has made it difficult for the factory to resume production in the short term, which is likely to affect the delivery of components for the Boeing 787 and Airbus A350, thus extending the production cycle. More critically, SPS Technology Company holds exclusive patents for some alloy materials, making it challenging for other manufacturers to achieve substitution in the short term. This will undoubtedly impact the global supply chain, and even the supply of domestic fasteners may be affected.
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