VSMPO & Alcoa Create Joint-Venture to Manufacture Value-Add Products for Aerospace Industry (US)

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Alcoa Samara, Russia’s largest producer of fabricated aluminum, and VSMPO-AVISMA Corporation, the world′s largest manufacturer of titanium ingots and forged products, today announce the operational launch of its joint venture – named AlTi Forge – after receiving all necessary regulatory approvals from the Russian government. This manufacturing partnership will expand on companies’ mutual and complementary strengths in making large, advanced aerospace forgings at Alcoa’s plant in Samara. JV will serve major global and domestic aircraft manufacturers to meet their demand for large-type forged products of advanced titanium and aluminum alloys for aircraft, such as landing gear beams and wing pylons.

 

Maxim Smirnov, president Alcoa Russia: “Alcoa’s expertise in advanced aluminum and titanium alloys for aerospace industry, combined with VSMPO-AVISMA’s global leadership in titanium production, form a strong partnership. Through this joint venture, we are growing Alcoa’s range of multi-material offerings to enhance the competitiveness of our aerospace business and position it for continued profitable growth.”

 

Mikhail Voevodin, CEO, VSMPO-AVISMA Corporation: “Unique equipment of our plants forming an integrated production system will provide additional manufacturing capabilities that enable the increase in output of aerospace products and secure additional contractual guarantees for our customers.”

A cooperation agreement marking the first step in forming a new joint venture between Alcoa and VSMPO-AVISMA was signed at a ceremony in Moscow in October 2013. Financial terms of the joint venture were not disclosed.

 

About Alcoa

A global leader in lightweight metals technology, engineering and manufacturing, Alcoa innovates multi-material solutions that advance our world. Our technologies enhance transportation, from automotive and commercial transport to air and space travel, and improve industrial and consumer electronics products. We enable smart buildings, sustainable food and beverage packaging, high-performance defense vehicles across air, land and sea, deeper oil and gas drilling and more efficient power generation. We pioneered the aluminum industry over 125 years ago, and today, our more than 57,000 people in 30 countries deliver value-add products made of titanium, nickel and aluminum, and produce best-in-class bauxite, alumina and primary aluminum products. For more information, visit www.alcoa.com, follow @Alcoa on Twitter atwww.twitter.com/Alcoa and follow us on Facebook atwww.facebook.com/Alcoa.

In the second half of 2016, Alcoa will separate into two industry-leading, Fortune 500 companies. The innovation and technology-driven Value-Add Company will include Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The globally competitive Upstream Company will comprise five strong business units that today make up Global Primary Products—Bauxite, Alumina, Aluminum, Cast Products and Energy.

About Alcoa Russia

Alcoa first entered Russia in 1993. Since 2005 Alcoa operates Samara Metallurgical Plant (currently – CJSC Alcoa SMZ), one of Russia’s largest producers of fabricated aluminum. The facility employs approximately 3,000 people. It manufactures a wide variety of flat-rolled, extruded and forged products serving customers in many markets, including aerospace, packaging, shipbuilding, automotive, building and construction, oil and gas, transportation and other industries.

About VSMPO-AVISMA Corporation

PSC VSMPO-AVISMA Corporation is the world’s largest titanium producer having complete processing cycle from raw materials to finished machined parts. The Corporation markets its products in 50 countries and is deeply integrated into the global aerospace industry and is a strategic supplier for many companies. The Corporation employs 20,000 people globally. VSMPO-AVISMA management holds the majority interest, Rostech owns a golden share of 25% + 1 share.

 

Posted in Strategy.

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