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SEZ “TITANIUM VALLEY” AND “UAC” WILL CREATE NEW TITANIUM PROCESSING TECHNOLOGIES

SEZ “TITANIUM VALLEY” AND “UAC” WILL CREATE NEW TITANIUM PROCESSING TECHNOLOGIES
PJSC “United Aircraft Corporation” and special economic zone “Titanium Valley” have signed an agreement on creation of a center for mechanical processing of titanium alloys products.

The document was signed by UAC President Yuriy Slyusar and CEO of SEZ "Titanium Valley" Artemiy Kyzlasov.

Mechanical processing center will help to increase quality and quantity of titanium processing operations in Verkhnyaya Salda. Thanks to it, Russian aircraft builders will have an opportunity to reduce net cost of products.

"Creation of new Russian aircrafts is associated with increasing share of implementation of promising materials. Usage of titanium alloys in aircraft design will increase in the same pace with development of aircraft construction industry”, said President of United Aircraft Corporation Yuriy Slyusar.

"Idea to create united center for titanium stampings machining near VSMPO-AVISMA came up even before creation of the SEZ. After completion of “Titanium Valley” construction, the best place for such a center is obvious. United center of mechanical processing will allow processing of details not only for one consumer (as in case of “Ural Boeing Manufacturing”), but for a whole pool of aircraft builders, primarily Russian ones", said Artemiy Kyzlasov, CEO of SEZ "Titanium Valley".

Parties will work to create capacities for roughing, semi-finished, and, in future, finishing machining of details from titanium alloys in "Titanium Valley". Earlier, management of the SEZ announced launch of similar projects with Russian aircraft builders "Russian Helicopters" and "Technodinamika".

Official release of “UAC”

For reference:

PJSC “United Aircraft Corporation” has been working since 2006. Corporation includes about 30 enterprises (with more than 90 thousand jobs), being one of the largest players in the world aircraft manufacturing market. Companies in the UAC structure have rights to the world-famous brands “Su”, “MiG”, “IL”, “Tu”, “Yak”, “Beriev” and also new ones - SSJ, MS-21.

Corporation's assets are located in various regions of Russia, joint ventures with foreign partners operate in India and Italy. Priority activities are development, production, testing and operation maintenance, warranty and service maintenance of civil and military aircrafts.

08.02.2018