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#The Boeing Corporation may enter Titanium Valley as soon as this summer

All news #

April 25 2014

At the end of May the Company BOD will take a final decision on construction of a plant on SEZ site.

Late May the Boeing Board of Directors defines all parameters relating to plant construction project in the territory of Titanium Valley Special Economic Zone. VSMPO-AVISMA & Boeing Joint Venture is supposed to be involved in rough and finish machining operations for die forgings under passenger liners of the aircraft company.

In the course of yesterday field meeting held on Titanium Valley SEZ site with the participation of Sverdlovsk Legislative Assembly deputies, representatives of governmental authorities and resident companies, PSC Titanium Valley SEZ CEO Artemiy Kizlasov clarified that detailed negotiations were being held with the Boeing Company, namely costs and different options of facility construction on SEZ site were assessed.

Please be reminded that the agreement with the Boeing Company was singed last year.

«US $100M investments were initially suggested and now they can be practically doubled, which will reflect in the facility size and capacity», Artemiy Kizlasov said during the yesterday meeting.

According to him, 8 hectare area is allotted for these purposes. Based on the Board decision construction of objects for the Boeing will be started. Construction of the facility frame is to start this year and a building is scheduled to be erected next year.

According to Sergey Lednov, Business Development Director of PSC VSMPO-AVISMA Corporation, responsible for implementation of VSMPO-New Technologies LLC project in SEZ, VSMPO-AVISMA is busy with this project review and negotiations with the Boeing, regarding, particularly, choice of equipment.

 

JustMedia