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Eramet in Kazakh titanium deal to supply Airbus

Fri Feb 8, 2008 8:05am EST

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PARIS, Feb 8 (Reuters) - French metals firm Eramet (ERMT.PA) said on Friday it had concluded an agreement with its partner UKTMP of Kazakhstan to supply titanium to aerospace firm EADS (EAD.PA) and its Airbus planemaking subsidiary.

The deal was signed during a visit by French Prime Minister Francois Fillon to Kazakhstan on Friday.

Eramet's Aubert & Duval subsidiary and UKTMP are setting up a joint venture, to be named UKAD, with an initial investment of 40 million euros ($58 million).

In the Kazakh capital Astana, an aide to Fillon said the deal was worth 850 million euros spread over 12 years.

Titanium is in demand in the aerospace industry to produce tough but lightweight alloys and to support increasing production of wide-body aircraft with higher titanium content.

EADS said in a statement it had also signed a memorandum of understanding with the Kazyna Sustainable Development Fund for a strategic partnership in the development of the aerospace industry and related services in Kazakhstan. (Reporting by Marcel Michelson, Sophie Louet; Editing by David Holmes)



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