On 17 June, the heads of the Titanium Valley SEZ and VSMPO-AVISMA Corporation, in the presence of the Governor of Sverdlovsk region Evgeny Kuyvashev, signed an agreement defining the procedure for interaction between the parties in the construction project for the titanium parts industrial machining complex on the territory of the Titanium Valley special economic zone.
According to this document, the Titanium Valley SEZ will carry out the design of the industrial complex and organize its construction and bringing into operation. Besides that, it will organize the land plot survey, its state cadastral registration, and site engineering preparation. The planned term of construction works is stipulated in the agreement as 2014 2016.
“Today, in this agreement, we have not only set the key milestones for constructing industrial facilities in the special economic zone, but also the obligations of the parties during project realization. This is a natural step in the development of our relations, confirming the seriousness of participants’ intentions”, commented Artemy Kyzlasov, Director General of the Titanium Valley SEZ.
Let us remember that on 24.03.2014, VSMPO-New Technologies LLC became a resident of the Titanium Valley SEZ.
Mikhail Voevodin: “Today's agreement is the next step in realization of the VSMPO-AVISMA Corporation’s strategy providing for extension of the product line with high added-value capabilities due to creating and increasing capacities of profound machining products from titanium alloys”.