Airbus Signs Titanium Pact with VSMPO-AVISMA
Russian titanium manufacturer VSMPO-AVISMA (Hall 3 Stand B30) has signed a framework agreement covering the supply of titanium products to Airbus and other EADS divisions that could be worth as much as $4 billion through 2020.
Airbus has been buying titanium from VSMPO-AVISMA since the early 1990s and the new agreement extends the number of value-added products purchased in Russia. It covers the supply of titanium round and flat mill products plus die forgings parts for all existing Airbus aircraft, including new programs such as the A350XWB.
VSMPO-AVISMA is the world’s largest titanium producer, employing more than 20,000 people and exporting 70 percent of its products. The company says it might also machine titanium products to develop a vertically integrated titanium supply chain extending from raw materials to finished products.