OREANDA-NEWS. VSMPO-AVISMA, a Russian titanium supplier, and Safran, a French Tier one equipment supplier, have signed Long-Term Agreement for delivery of titanium raw material.

"VSMPO-AVISMA Corporation pays much attention to collaboration with Safran. Signed agreements demonstrate the readiness of our companies to continue mutually profitable partnership and develop the exchange of ideas and information in long-term areas of cooperation”, commented Mikhail Voevodin, VSMPO-AVISMA CEO on the agreement signature.

Relations between the Russian titanium manufacturer and Safran have been developing efficiently for more than 15 years, and the recently signed agreement extends mutually beneficial partnership.

Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Group has 70,000 employees and generated sales of 17.4 billion euros in 2015. Working independently 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 more than 2 billion euros in 2014. Safran is listed on Euronext Paris and is part of the CAC40 index, as well as the Euro Stoxx 50 European index.