OREANDA-NEWS. Joint efforts of TVEL and Chepetsky Mechanical Plant (a company of ROSATOM’s Fuel Company TVEL) resulted in a five-year contract for a large supply of rolled titanium with a European distributor of titanium products.

The contract envisages that over one thousand tons of various titanium products manufactured by the plant will be supplied to the European market. According to the contract, the supply will be multiplied every year while reaching its maximum in 2021. The first shipment of rolled titanium will be delivered to the European partner in the first quarter of this year.

“The approved “increasing” supply schedule allows the plant to gradually step up the production with the increase of the existing production capacities”, explained Konstantin Vergazov, Director General of Chepetsky Mechanical Plant.