Boeing to study Titanium Valley investment potential

YEKATERINBURG, March 28 (Itar-Tass) -- The Russian special economic
zone Titanium Valley (based in the town of Verkhnya Salda) will hold a
presentation for a delegation of the Boeing Corporation here on Monday.
Governor of the Sverdlovsk Region Alexander Misharin will hold the
Titanium Valley presentation.
The top officials from Ural Boeing Manufacturing, the largest world
titanium producer VSMPO-AVISMA, the Russian state corporation
Rostechnologii, many Boeing partners and the guest companies of the
VSMPO-AVSIMA Corporation, namely Snecma, a major French manufacturer of
the engines for commercial and military aircraft and for space vehicles,
and MAG-IAS, which is a global machine tool manufacturer, will also attend
in the Titanium Valley presentation, the information department of the
Sverdlovsk regional governor told Itar-Tass on Sunday.
In 2009 the Boeing Corporation and the VSMPO-AVISMA Corporation have
already launched the first titanium processing joint venture Ural Boeing
Manufacturing. The new plant is provided with the most advanced equipment
and produces a new advanced titanium alloy for one of the most
sophisticated civil aircraft Boeing-787 Dreamliner and Russian airliners.
The Titanium Valley includes several groups of projects. The special
economic zone will develop the titanium resources at the Kachkanar iron
ore deposit. The Titanium Valley will focus on manufacturing high value
added products for the chemical machine building, nuclear power industry,
aviation and railway machine building and non-ferrous metallurgy. Russian
Prime Minister Vladimir Putin signed a decree to create the special
economic zone Titanium Valley on December 16, 2010.