50 SKY SHADES - World aviation news

Alcoa Samara and Russia’s VSMPO-AVISMA Announce Joint Venture Operational

Download: Printable PDF Date: 13 Sep 2016 14:14 category:
Publisher:
Alcoa Samara and Russia’s VSMPO-AVISMA Announce Joint Venture Operational - Manufacturer publisher
Krista Kuznecova
Country: Russian Federation Aircraft: Airplanes

Alcoa Samara, Russia’s largest producer of fabricated aluminum, and VSMPO-AVISMA Corporation, the world′s largest manufacturer of titanium ingots and forged products, today announce the operational launch of its joint venture – named AlTi Forge – after receiving all necessary regulatory approvals from the Russian government.

This manufacturing partnership will expand on companies’ mutual and complementary strengths in making large, advanced aerospace forgings at Alcoa’s plant in Samara. JV will serve major global and domestic aircraft manufacturers to meet their demand for large-type forged products of advanced titanium and aluminum alloys for aircraft, such as landing gear beams and wing pylons.

Maxim Smirnov, president Alcoa Russia: “Alcoa’s expertise in advanced aluminum and titanium alloys for aerospace industry, combined with VSMPO-AVISMA’s global leadership in titanium production, form a strong partnership. Through this joint venture, we are growing Alcoa’s range of multi-material offerings to enhance the competitiveness of our aerospace business and position it for continued profitable growth.”

Mikhail Voevodin, CEO, VSMPO-AVISMA Corporation: “Unique equipment of our plants forming an integrated production system will provide additional manufacturing capabilities that enable the increase in output of aerospace products and secure additional contractual guarantees for our customers.”

A cooperation agreement marking the first step in forming a new joint venture between Alcoa andVSMPO-AVISMA was signed at a ceremony in Moscow in October 2013. Financial terms of the joint venture were not disclosed.



Loading comments for Alcoa Samara and Russia’s VSMPO-AVISMA Announce Joint Venture Operational...


Recommended

Emirates signs agreement for up to 36 additional A380s

Commitment to grow its flagship A380 fleet Dubai-based Emirates Airline has signed a Memorandum of Understanding (MoU) to acquire up to 36 additional A380 aircraft. The agreement was signed this mo...

Falcon Aviation and Leonardo Helicopters partner for new helicopter offshore and onshore contract for Kuwait Oil Company

Falcon Aviation, one of the UAE’s leading aviation companies specialising in business aviation services, charter and aircraft management, confirmed today (17th January 2018) at the Kuwait A...

HNA General Aviation Set to Help Alleviate Poverty in China

Chinese General Aviation has received a new revamp after Chinese key political leaders announced new norms for socioeconomic development at the closing of the 19th National Congress of the Communist P...

Mont Blanc Hélicoptères becomes official air transporter for F1 Grand Prix de France

Today Mont Blanc Hélicopères, a part of HBG Helicopter Group, became official air transporter for Formula 1 Grand Prix de France which will take place 21 to 24 of Juin 2018 at Le Castell...