VSMPO-Avisma and Yulchon will create a joint venture - a factory for the production of titanium pipe

The Russian corporation VSMPO-Avisma jointly with

Korean company "Yulchon Co" will build a factory for the production of pipes from titanium.

The enterprise will be located in South Korea, in the territory of the

The economic zone in the most densely populated province of the country is Kengido.

The production capacity of the new plant will be about 120-200 tons of pipe in

Year, which in monetary terms will provide the company with a turnover in the amount of $ 30-40

Million

To implement the project, the parties will have to

Invest about 12 million US dollars in it, which, according to

Preliminary arrangements, the organizers will contribute in equal parts. At the same time, the Korean

The company will assume the organization of the company's infrastructure, and the Russian

The party will provide the plant with production lines.

While the creation of a joint venture for

Production of the titanium pipe is at the stage of preliminary coordination (at the end of last week representatives

Companies have signed a memorandum of intent). However, within 2

Months, the parties plan to conclude a contract and begin construction

Plant, which, according to VSMPO-Avisma, can give the first batch

Production in the second half of next year.