VSMPO-AVISMA

VSMPO-AVISMA Corporation
Native name
ПАО «Корпорация ВСМПО-АВИСМА»
Public Joint Stock Company
Traded as MCX: VSMO
Industry Metallurgy
Founded 1933
Headquarters Verkhnyaya Salda, Russia
Key people
Mikhail V. Voevodin
(Director general)
Products Titanium
Aluminum
Magnesium
Revenue Increase US$ 1630 million (2014)
Parent Rostec
Website www.vsmpo.ru

VSMPO-AVISMA Corporation (Russian: ВСМПО-АВИСМА) 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]

VSMPO stands for VerkhneSaldinskoye Metallurgicheskoye Proizvodstvennoye Ob'yedineniye (Верхнесалдинское металлургическое производственное объединение, or Metal-producing company of Verkhnyaya Salda; and AVISMA for AVIatsionnyye Spetsial'nyye MAterialy or Aviation Special Materials),

History

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. Boeing planning to invest 27 billion dollars in the production of titanium parts for its needs.[2]

The company is a key organizer of the Titanium Valley project.

Subsidiaries

References

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