OREANDA-NEWS. June 21, 2011. VSMPO-AVISMA Corporation and AVIC International Holding Corporation, Beijing (People’s Republic of China), one of affiliate companies of state owned Aviation Industry Corporation of China (AVIC) signed an Agency Agreement for sales of titanium and aluminium semi-finished products manufactured by VSMPO-AVISMA Corporation in PRC.

AVIC International Holding Corporation (before reorganization named as China National Aero-Technology Import & Export Corporation (CATIC) has been an agent of VSMPO-AVISMA Corporation since 2003 when the first Agency Agreement was signed.

The Agency Agreement signed yesterday will be the fourth one after commencement of the cooperation between the companies. This agreement will be in force for three years and valid till May 2014.

PSC VSMPO-AVISMA Corporation, headquartered in Verkhyna Salda, Sverdlosk Region of Russia, is the world’s largest producer of titanium products. Corporation is deeply integrated into the world aerospace industry and for many companies is the basic strategic supplier of products from the titanium. Production facilities comprising the Corporation are united by a single process flow and employ approximately 25,000 people globally. AVISMA’s sponge titanium is used at VSMPO in production of higher value-added products, such as billet, bar, plate, sheet, section, forging, die forging and etc. Up to 70% of such titanium products are exported. In addition to finished products sales, Corporation can also provide with some conversion and production services: cutting, heat-treatment, machining, etc.