- Business
- Public Stock Company VSMPO-AVISMA Corporation is the world's largest manufacturer and supplier of titanium and titanium-based products. Founded in 1933 and headquartered in Moscow, Russia, the company produces a wide range of products including titanium ingots, billets, slabs, large-size forgings such as aero-engine disks and blades, rolled rings, extrusions, seamless and welded tubes, ferrotitanium, aluminum, magnesium, and steel alloys. It serves major industrial sectors including aerospace, power engineering, oil and gas, chemical industry, nuclear energy, seawater desalination, shipbuilding, sports, construction, and medical fields. VSMPO-AVISMA operates globally with partnerships spanning over 450 companies across 50 countries and maintains production sites in Russia and subsidiaries or facilities abroad in countries including Ukraine, England, Switzerland, Germany, and the United States.
Recently, VSMPO-AVISMA has undertaken operational adjustments to cope with market conditions, including implementing a four-day workweek for some administrative personnel to sustain workforce stability and operational continuity. Despite geopolitical challenges since 2022, including the suspension of contracts by major aerospace clients Boeing and Rolls-Royce following sanctions related to the Russia-Ukraine conflict, the company continues to fulfill existing contracts where allowed, particularly sustaining titanium supply to Airbus after Canada relaxed sanctions in 2024. In 2021, before suspension, VSMPO-AVISMA signed strategic agreements with Boeing to increase production capacity and invest in R&D, highlighting its focus on advanced titanium alloys and innovative technology development. The company has also collaborated with Alcoa, forming a joint venture to produce high-end aerospace aluminum and titanium products, enhancing its manufacturing capabilities and global market position.
VSMPO-AVISMA's business profile emphasizes titanium sponge and alloys production, along with forged parts for aerospace engines and airframes, aluminum and magnesium products for nuclear applications, and various industrial alloys and metal products. Their strategic moves in recent years reflect a focus on maintaining leadership in the aerospace and industrial sectors worldwide, expanding value-added product ranges, and sustaining a skilled workforce amidst a challenging geopolitical environment. The company's integrated operations and extensive product portfolio position it as a critical supplier in primary nonferrous metals smelting and refining with a strong emphasis on titanium industry leadership.