Rostec signs new titanium deal with Boeing and plans second plant to meet demand

VSMPO AVISMARostec signs new titanium deal with Boeing: The Russian titanium manufacturer VSMPO-AVISMA, has clinched a new long-term supply contract with Boeing, it was announced today. Sergey Chemezov, CEO of the state-run holding company Rostec said that more than 40% of Boeing’s titanium – and 60% of Airbus’s – came from VSMPO-AVISMA and that it was planning to open a second plant in the near future to meet with demand.

Source: BFM