Boeing and VSMPO-Avisma to Build Center for Titanium Technology

2010-07-22

Boeing and the VSMPO-Avisma corporation are building a joint research center to develop new innovations in titanium technology and materials. The directors of the state corporation Rostekhnologiya and Boeing have signed an agreement to this effect at the Farnborough International Airshow on July 19, 2010.

The two companies will share equally in both the financing of the center and the ownership of the resulting research and projects. VSMPO-Avisma has supplied titanium products to Boeing since 1997. Last July in Verkhnyaya Salda, the two corporations opened a joint business called Ural Boeing Manufacturing, for the machining of titanium parts for the Boeing 787 Dreamliner. 

In August of 2010, the business’s production facilities will install the first of four Mega-5 machining centers from the MAG company in Cincinnati. The remaining machining centers will arrive in November. The equipment, valued at 180 million rubles, is an investment by VSMPO-Avisma into the joint business’s charter capital. According to the titanium corporation’s representative, the company will be fully equipped once all of this manufacturing machinery is in place. Ural Boeing Manufacturing is scheduled to begin industrial production before the end of 2010.