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#VSMPO-AVISMA and TITAL (Howmet) extend long-term supply agreement

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January 28 2021

PSC VSMPO-AVISMA Corporation and TITAL (Howmet) announced the extension of a long-term agreement for the supply of titanium products.

In accordance with the terms of the contract, VSMPO-AVISMA will continue to supply titanium electrodes for the needs of TITAL (Howmet).

According to the new terms, the contract is valid until the end of 2024.

"The agreements reached are the result of the Corporation's successful strategy in selling titanium products in traditional markets," said Oleg Leder, Deputy General Director for Marketing and Sales, VSMPO - AVISMA.

TITAL is a leading manufacturer of titanium and aluminum structural castings for aircraft engines and airframes. This acquisition strengthens Howmet’s ability to capture growing demand for advanced aircraft engine components, in particular, those made of titanium. TITAL establishes titanium casting capabilities in Europe for Howmet, and expands the Company’s aluminum casting capacity. Additionally, TITAL’s strong connections to European engine and aircraft manufacturers such as Airbus, Safran, and Rolls-Royce, will enhance Howmet’s customer relationships in the region and beyond.

 

Press center contacts: 

VSMPO-AVISMA Corporation:

tel.: +7 (34345)60098

pressa@vsmpo-avisma.ru

 

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