Alcoa, VSMPO-AVISMA Form Joint Venture
Alcoa and Russia’s VSMPO-AVISMA Corp., one of the world's largest manufacturers of titanium ingots and forged products, agreed to join forces to meet growing demand for high-end titanium and aluminum products for aircraft manufacturers. Once formed, the joint venture will combine Alcoa’s expertise in manufacturing value-add products with VSMPO-AVISMA’s global leadership in titanium production to manufacture high-end aerospace goods, such as landing gear and forged wing components, at Alcoa’s plant in Samara, Russia. VSMPO-AVISMA will get access to unique forging equipment, adding to its current manufacturing capabilities. According to Alcoa, the partnership will allow the companies to make the largest and most advanced forgings in the world. The joint venture is expected to be operational in 2016.