VSMPO-AVISMA Corporation and AVIC Aircraft Company have reached an agreement to sign a long term contract for supply of titanium semi-finished products

VSMPO-AVISMA Corporation, the Russian manufacturer of titanium, aluminium and steel semi-finished products, and AVIC Aircraft Company., Ltd, Xi'an Branch (PRC) have reached an agreement to sign a long term contract for supply of titanium semi-finished products manufactured by VSMPO-AVISMA Corporation. This agreement will be in force for five years and valid through December 2019. The products are to be used in Chinese national civil aircraft programs.

VSMPO products are supplied to Chinese market through VSMPO-Tirus (Beijing) Metallic Materials which is 100% owned affiliate of VSMPO-AVISMA Corporation. VSMPO-Tirus (Beijing) Metallic Materials being a party to the long term agreement will add value by providing outstanding level of service and just in time delivery.

VSMPO-AVISMA Corporation is the world's largest vertically integrated titanium producer with complete production cycle, from raw material processing to the finished machined products with high added value. The Corporation supplies its products to 50 countries worldwide, and is deeply integrated into the global aerospace industry, being a key strategic supplier for many customers. The Corporation employs 20,000 people. VSMPO-AVISMA management has a majority ownership in the company and Rostec has a blocking minority ownership (25% + 1 share)

State Corporation Rostec is a Russian corporation founded in 2007 for the purpose of promoting the development, production and export of hi-tech civilian and military industry products. It comprises 700 organisations, nine of which have now been formed as holding companies of the military-industrial complex, five of them are involved in civil industries and 22 are directly controlled. Rostec's portfolio includes recognised brands such as Avtovaz, Kamaz, Russian Helicopters, and VSMPO-AVISMA. Rostec's organisations are located in 60 constituent entities of the Russian Federation and supply their products to the markets of more than 70 countries. The revenue of Rostec in 2013 amounted to RUB 1.04 trillion. The tax deductions into the treasuries at all levels exceeded RUB 138 billion.

AVIC Aircraft Company., Ltd, Xi'an Branch: is a large-scale aviation industrial enterprise under AVIC with the integration of research, development and manufacture. It is located in Xi'an, Shaanxi Province and covers an area of more than 4 million square meters. There are more than 19,000 employees and all kinds of equipment and apparatus of more than 9000 sets. Over the past 50 years, AVIC Aircraft Company Ltd. Xi'an Branch has accomplished development and batch production of various types of military and civil aircraft and international aviation components subcontracting business. Its annual turnover has exceeded 10 billion Yuan. AVIC Aircraft Company Ltd. Xi'an Branch has grown into an excellent supplier of world class civil aircraft manufacturers such as Boeing, Airbus and COMAC.