VSMPO-Avisma expresses readiness to return to cooperating with Boeing

YEKATERINBURG. Aug 26 (Interfax) - PJSC VSMPO-Avisma Corporation is ready to return to cooperating with Boeing and to develop partnership, the company's press service told Interfax on Tuesday.

"We are ready to return to cooperating and to develop our partnership relations. The investment in technologies [of the joint venture Ural Boeing Manufacturing, founded in 2009] has not stopped, and the enterprise is ready to resume work at full capacity in order to ensure a steadily high level of orders," the press service said.

Earlier, Russia's First Deputy Prime Minister Denis Manturov, commenting on a possible return of Boeing aircraft to the Russian market, said Russia would be ready to consider resuming the delivery of titanium products to Boeing if it showed interest. However, in the Russian government, "no one has yet come up with this topic," Manturov said.

In 2022 Boeing, one of the biggest consumers of titanium from the Russian company VSMPO-Avisma, said it would no longer buy the product. Before those events, Boeing had been cooperating with Russia in aircraft-building since the early 1990s.

Later it was reported that Ural Boeing Manufacturing, which specializes in machining of titanium forgings in the Titanium Valley special economic zone in the Sverdlovsk region, stopped operating.

In September 2023, VSMPO-Avisma was placed on a list of export restrictions in the framework of the Export Administration Regulations, meaning that any export deal involving the company would require a separate license from U.S. authorities.

VSMPO-Avisma is a producer of titanium with a complete technological cycle, from raw material processing to manufacturing finished products with a high degree of mechanical processing. The company does not publish information about its owners.