VSMPO-AVISMA has extended long-term supply agreement with Snecma

PSC “VSMPO-AVISMA Corporation” announced that it has extended the forging supply agreement with Snecma, a Safran group company, for another long-term period. The agreement, effective as of January 2010 provides for VSMPO-AVISMA Corporation to supply titanium forgings to Snecma for manufacturing CFM56* family engines.

PSC “VSMPO-AVISMA Corporation” will continue to be a major supplier of titanium products to Snecma and Safran group companies including Turbomeca, Messier-Dowty, Microturbo and Techspace Aero operating units.

PSC VSMPO-AVISMA Corporation, headquartered in Verkhyna Salda, Sverdlosk Region of Russia, is the world’s largest producer of titanium products. Corporation is deeply integrated into the world aerospace industry and for many companies is the basic strategic supplier of products from the titanium. Production facilities comprising the Corporation are united by a single process flow and employ approximately 25,000 people globally. AVISMA’s sponge titanium is used at VSMPO in production of higher value-added products, such as billet, bar, plate, sheet, section, forging, die forging and etc. Up to 70% of such titanium products are exported. In addition to finished products sales, Corporation can also provide with some conversion and production services: cutting, heat-treatment, machining, etc.

Snecma is one of the world’s leading manufacturers of aircraft and rocket engines, Snecma designs, develops, produces and markets, alone or in partnership, engines for civil and military airplanes, launch vehicles and satellites. Snecma also offers a complete range of engine maintenance, repair and overhaul (MRO) services to airlines, armed forces and operators.

Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defense and Security. Operating worldwide, the Safran group has 54,500 employees and generated sales exceeding 10 billion euros in 2008. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.2 billion euros in 2008. Safran is listed on NYSE Euronext Paris and its share is part of the SBF 120 and Euronext 100 indexes.

*CFM56 engines are produced and marketed by CFM International, a 50/50 joint company of Snecma and General Electric.