VSMPO-AVISMA and Boeing will build a production facility in the “Titanium Valley” SEZ in Sverdlovsk region
VSMPO-AVISMA, which is part of the Rostec State Corporation, and the Boeing company have signed a memorandum of understanding. It will provide construction of a new forgings machining factory for the latest passenger liners of the American aircraft company in Titanium Valley in the Sverdlovsk region. The new production facility will perform both rough and finished machining of forgings.
Artemy Kyzlasov, Director General of “Titanium Valley SEZ” OJSC, commented: “We are very pleased that such a decision has been made. The agreement was preceded by a lot of hard work, which has borne fruit. People put their trust in us. We managed to convince our partners of the seriousness of our intentions and the economic feasibility of project realization on the Titanium Valley site.
This decision commits us to set the bar high. We understand the responsibility which is placed on us, and will provide all necessary conditions for realization of the project. I am sure that the economic possibilities and preferences of Titanium Valley will become a reliable base for the new enterprise to achieve impressive results.”