OREANDA-NEWS. July 12, 2012. VSMPO-AVISMA Corporation has signed a long-term agreement with  Permskiy Motor Plant for delivery of titanium alloy products during the period from 2013 to 2015. Such long-term agreement is concluded for the first time in history of the companies joint activity which continues for more than 50 years.

In accordance with the terms and conditions of the long-term agreement VSMPO-AVISMA Corporation will supply to Permskiy Motor Plant titanium semi-finished products such as bars, sheets, tubes, ring and disc die forgings for commercial engine and gas-turbine ground unit programs.

The potential expected cumulative volume of sales under the long-term agreement will exceed USD  45 million for the three-year period.

VSMPO-AVISMA Corporation is the world’s largest vertically integrated producer of ingots, all types of titanium alloy semi-finished products and die forgings. The Corporation provides jobs for more than 20,000 people all over the world including chain of subsidiary distribution and service companies in USA, Europe and Asia. The Corporation volume of export sale comprises over 70% of annual output of products. The Corporation has received 300 international certificates for QMS, manufacturing plans and inspection methods, individual types of titanium products and other materials. 

Permskiy Motor Plant is one of the largest enterprises in Russia producing commercial aviation engines of advanced design in lots which successfully compete with foreign analogs. Aviation engines produced by PMZ are nowadays operated in more than 20 leading airlines of Russia and foreign countries.  The basis of production program of recent years is an aviation engine PS-90A and its modifications for five airplanes used by domestic and foreign airlines including aircraft park of the President of the Russian Federation as well as  gas-turbine plants of 12 types for enterprises of oil-and-gas and power complex.