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#Press Release «Conclusion of long-term agreements with Rolls-Royce»

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July 08 2015

Press release

On conclusion of long-term agreements with Rolls-Royce

Verkhnaya Salda (Russia), July 8, 2015.

VSMPO-AVISMA Corporation (belongs to State Corporation Rostech) signed three agreements with the Rolls-Royce Company for the period 2016 through 2025.

VSMPO-AVISMA Corporation signed three agreements with the Rolls-Royce Company for the period 2016 through 2025. The terms of each contract vary but they considerably extend partnership between the companies which was commenced in 2000 with signing the first four-year agreement.

According to the terms of the new agreements VSMPO-AVISMA will supply titanium mill products and semi-products to Rolls-Royce including disc forgings and rings from various titanium alloys. The expected revenue from the agreements should make above 300 million US dollars.

«We are setting ambitious goals undertaking to extend our product range intended for use by airplane engine manufacturers», as comments Mikhail Voevodin, VSMPO-AVISMA Corporation CEO, on the conclusion. – New long-term agreements with one of the World’s leaders for this sphere –  Rolls-Royce – can be the evidence  of our going in the right direction, focusing on development of high-technology manufacturing.»