The suppliers of the Russian Helicopters Holding might become residents of the Titanium Valley SE

During the 10th International Helicopter Industry Exhibition Helli - Russia 2017 in Moscow  Andrey Boginsky, Chief Executive Officer of  the Russian Helicopters, JSC, and Artemiy Kyzlasov, CEO of the Titanium Valley SEZ, signed a memorandum of agreement. This agreement marks the beginning of cooperation of the helicopter holding and the Special Economic Zone.

The companies agreed upon the partnership scheme of Russian Helicopters Holding partners localization onsite the Aviation Cluster, which is being formed in Sverdlovsk region on the basis of a future second stage of Titanium Valley (Yekaterinburg). For example, within the framework of this agreement the managing company of the SEZ will focus on negotiations with manufacturers of helicopter components made of composite materials.

Andrey Boginsky, CEO of Russian Helicopters, JSC:
"The cooperation of the Russian Helicopters with the Titanium Valley is carried out within the framework of the integrated structure of the Russian helicopter industry development strategy up to year 2025. We hope that the Titanium Valley will be a partner, who is interested in our competence portfolio development. This collaboration is logical as the aviation industry is one of the specializations of the Titanium Valley. The concept of the Aviation Cluster development based on the second stage of SEZ entails creation of the production chain from the manufacture of components to assembly and service."

Artemiy Kyzlasov, CEO of the Titanium Valley SEZ:
"The agreement with the Russian Helicopters opens up a possibility for a direct dialogue with suppliers, who are interested in expanding at the Russian market. Whereas the possibility for collaboration and partnership with Russian Helicopters  and other SEZ’s residents can become a key winning argument for them to open a new production site in Russian Federation"

For reference:
Russian Helicopters, JSC (forms a part of the Rostec State Corporation) is a holding company formed in 2007, but the key enterprises have more than 70 years of history. It is one of the global leaders of  helicopter industry, the only developer and manufacturer of helicopters in Russia and one of the few companies in the world with capacity to design, manufacture, test and maintain modern civil and military helicopters.
90% of the Russian helicopter market accounts for the holding. The company is the world’s number one manufacturer in the segments of medium-heavy and superheavy helicopters, and attack helicopters segment.
In 2016, the holding's revenues amounted to 214.3 billion rubles, EBITDA indicator was 40.9 billion rubles, the profit amounted to 16.2 billion rubles. In 2016, the Russian Helicopters Holding put on the market 189 helicopters.  On January 2017, Holding Order Book was 396 helicopters.

Titanium Valley SEZ is one of the nine industrial production special economic zones in Russia. At the same time, Titanium Valley provides the most attractive terms of taxation among all the special economic zones in the country. Titanium items production and production of components and equipment for metal manufacture, oil-and-gas engineering, space and aviation industry, production of construction materials are the holding’s priority sectors.
Date of establishment: December 2010. Co-founders of  Titanium Valley SEZ OJSC: Government of  Sverdlovsk region and Special Economic Zones, JSC.
The amount of the planned budgetary financing of the project: 9500.74 million rubles (the federal budget is 4 799 600 000 rubles and the regional budget is 4 701 140 000 rubles). On January 2017, it was actually financed 2832 million rubles (federal budget is 1 million rubles and the regional budget is 1832 million rubles).
At the moment, the Titanium Valley SEZ has 11 Residents:  Micromet CJSC, VSMPO - New Technologies LLC, Infercom-Ural JSC , Praxair Titanium Valley  (PRAXAIR) LLC, Urals Optical Factory LLC, Sinersys LLC, AS Prom JSC, Stroydizel-Composite LLC, Zibus LLC, Tool production LLC and Nord Basalt LLC.