OREANDA-NEWS. VSMPO-AVISMA Corporation took part in the 18th international exhibition - KORMARINE-2013 - one of the major events not only for the Korean but for the global marine and shipbuilding industries. Twelve hundred exhibitors representing 45 countries constructed their booths in Bexco (Busan Exhibition & Convention Center) (Busan, South Korea). Over 65 000 people of 83 countries came to visit this exhibition.

At the exhibition, VSMPO-AVISMA's managers had meetings with the leading Korean shipbuilders, such as Samsung Heavy Industries Co., Ltd; STX Offshore&Shipbuilding; LHE Co., Ltd.

An emphasis shall be made on the meeting held with representatives of Korea Atomic Energy Research Institute (KAERI) involved in development and construction of integral reactor based on the prototype of the Soviet reactor plant. The pilot plant uses Russian alloys among wich are some material supplies of VSMPO-AVISMA that makes it possible to continue cooperation.

KORMARINE-2013 has confirmed estimates of the shipbuilding sector as “growing and promising market”. All manufacturers noted recovery of pre-depression purchase volumes for platforms and special vessels anticipating growth in 2014-2015, including that in arctic vessel sector.

Such growth will automatically increase purchases in all concerned industries such as heavy engineering, instrument making, metallurgy and machine building. This will undoubtedly prompt use of flat-rolled products and rolled tubes of titanium for heat exchangers, water treatment units, pipelines of various applications.