| Type | Public company (RTS:VSMO MICEX: VSMO) |
|---|---|
| Industry | Mining Metallurgy |
| Founded | 1941 |
| Headquarters | Verkhnyaya Salda, Russia |
| Key people | Sergey V. Chemezov, (Chairman) |
| Products | Titanium Aluminum Magnesium Steel |
| Revenue | US$ 977.8 Million (2009) |
| Website | www.vsmpo.ru |
VSMPO-AVISMA Corporation (RTS:VSMO, MICEX: VSMO) (Russian: ВСМПО-АВИСМА), where VSMPO stands for Verkhnesaldinskoye metallurgicheskoye proizvodstvennoye ob'yedineniye (Верхнесалдинское металлургическое производственное объединение, or Metal-producing company of Verkhnyaya Salda), is the world's largest titanium producer. Located in Verkhnyaya Salda, Russia, VSMPO-AVISMA also operates facilities in Ukraine, England, Switzerland, Germany and the United States. The company produces titanium, aluminum, magnesium and steel alloys. VSMPO-AVISMA does a great deal of business with aerospace companies around the world, such as Boeing and Airbus.[1]
On 27 December 2007 US Boeing and VSMPO-AVISMA created a joint venture Ural Boeing Manufacturing and signed a contract on titanium products deliveries until 2015, with Boeing planning to invest 27 billion dollars in Russia over the next 30 years.[2]
The company is a key organizer of the Titanium Valley project.
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