VSMPO-Avisma is going to give a full load to its American "daughter" company, NF&M International Inc

25.11.2010 — News

SVERDLOVSK REGION.

The VSMPO-Avisma Corporation OJSC has entered into a long-term agreement with the American company Universal Stainless & Alloy Products. In the USA there will be facilities manufacturing rods from titanium billets produced in the Sverdlovsk Region.

In future rods will be supplied by NF&M International Inc., an American-based subsidiary of VSMPO-Avisma. In Q1 2011, NF&M located in Monaca (state Pennsylvania) is launching new operation lines. The annual output will amount to about 500 tons of products - rods of small diameter (from 0.75 to 0.25 inches), wire, and straight bars with high precision tolerance. The consumers are aerospace corporations and manufacturers of medical equipment.

According to Mikhail Voevodin, General Director of VSMPO-Avisma, the market of fasteners for aerospace application is going to grow substantially in the next few years due to the increasing production of passenger aircraft involving composite materials - Boeing 787 and Airbus A350. At present, the demand for fasteners is estimated at 3-5 thousand tons a year.

The VSMPO-Avisma Press Service informed "RusBusinessNews" that NF&M International Inc. received certificates for manufacturing of titanium products for aerospace, medical and automobile industries.