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Korporatsiya VSMPO-AVISMA OAO and Alcoa to Form Joint Venture for Aerospace Industry-Interfax

Tuesday, 22 Oct 2013 04:44am EDT 

Interfax reported that US aluminium producer Alcoa has launched a joint venture with Korporatsiya VSMPO-AVISMA OAO (VSMPO-AVISMA) to meet a growing demand for high-end titanium and aluminum products for the aerospace industry, Alcoa said. Alcoa Chairman and CEO, Klaus Kleinfeld, and VSMPO-AVISMA Chairman, Sergei Chemezov, signed a co-operation agreement at a ceremony in Moscow. The parties' interest in the joint venture will be established later. The joint venture will be based on Alcoa's plant in Samara and will produce high-end aerospace goods, such as landing gear and forged wing components. It is expected to be operational in 2016. 

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