What is the interest of VSMPO-AVISMA in a join venture with Boeing?
The fact is that the most cutting-edge aircraft, Boeing 787 Dreamliner, will never take off without Russian titanium, which is the lightest and strongest metal. Russian titanium flies with all other Boeing aircraft as well: 737, 747, 767 and 777. And, of course, it is used in advanced models of Russian aircraft. We have agreed with Boeing a portfolio of orders and secured it with long-term contracts until 2015. Contracts worth billions of US dollars have already been implemented. We never let Boeing down and Boeing has been doing likewise. I hope this situation will hold in the future! Boeing, VSMPO-AVISMA and Russian Technologies pooled efforts to set up a potent mutually-beneficial alliance. It is capable of tackling the most challenging industrial tasks of the 21st century up to the world quality standards using state-of-the-art technologies. Trading in titanium bars is quite easy, but what is more – unprofitable. That is why from the very beginning of its cooperation with Boeing the VSMPO-AVISMA Corporation has been gradually moving towards a changeover to production and sale of value-added products of a more profound processing. The creation of the machining complex is a logical follow-up to that policy.
