VSMPO-AVISMA


VSMPO-AVISMA Corporation is a Russian mining company and manufacturer and the world's third-largest producer of titanium sponge. Located in Verkhnyaya Salda, Russia, VSMPO-AVISMA also operates facilities in Ukraine, England, Switzerland, Germany, United States. The company produces titanium, aluminum, magnesium and steel alloys. VSMPO-AVISMA does a great deal of business with aerospace companies around the world. As of February 2022, VSMPO produced 90% of titanium in Russia and exported it to 50 countries all over the globe.
VSMPO is mostly owned by Industrial Investments LLC, whose main owner is the russian billionaire Mikhail Shelkov.
VSMPO stands for VerkhneSaldinskoye Metallurgicheskoye Proizvodstvennoye Ob'yedineniye.
WWW Official Site

History

After Rosoboronexport obtained an 66% stake in October 2006 of VSMPO-Avisma, Sergey Chemezov became chairman of VSMPO-AVISMA in November 2006.
On 27 December 2007 US Boeing and VSMPO-AVISMA created a joint venture Ural Boeing Manufacturing and signed a contract on titanium products deliveries until 2015. Boeing planned to invest 27 million dollars in the production of titanium parts for its needs.
The company is a key organizer of the Titanium Valley project in Sverdlovsk Oblast.
Despite VSMPO-AVISMA's being a russian company, it was not affected by the American and European sanctions during the first phase of the Russo-Ukrainian War. In December 2020, the company was temporarily included in the American sanction list due to its connections with the Russian Armed Forces, but later the US lifted the sanctions against VSMPO-AVISMA.
In 2020, a criminal case against Mikhail Voevodin had broken out, former CEO of VSMPO-Avisma, about losses from transactions concluded in 2017-2019, when VSMPO-AVISMA sold ferrotitan to Swiss Interlink Metals and Chemicals AG and American Interlink Metals and Chemicals Inc at an undervalued price, and then bought products made from it at an inflated cost.
In November 2021, “VSMPO-AVISMA” and Boeing signed an agreement to increase producing capacity of UBM as well as project investment cost of R&D sector. The agreement maintains the role of “VSMPO-AVISMA” as the biggest titanium supplier for Boeing. Only four months later, following the Russian invasion of Ukraine, the agreement was terminated, as well as a 2007 agreement.
In November 2021, the Arbitration Court of Sverdlovsk Oblast ordered to the company to pay 651 million roubles for pollution on ground area of 347538 square meters pro rata to Federal Service for Supervision of Natural Resources legal action.
Following the Russian invasion of Ukraine in February 2022, several international companies ceased their collaboration with VSMPO-AVISMA. Thus, in March 2022, Rolls-Royce Holdings and Boeing suspended purchasing titanium from the company for an indefinite period.
On December 20, 2024, the Court of the District of Lausanne imposed a temporary restriction on the accounts of the subsidiary of VSMPO-AVISMA, the Swiss company Tirus Incorporated, in a lawsuit filed by Interlink Metals and Chemicals AG. The plaintiff insists that the defendant violated the settlement agreement with VSMPO-AVISMA, concluded on September 30, 2020. Under its terms, the parties pledged not to initiate either criminal or civil proceedings against each other.
VSMPO-AVISMA insists that for three years, Interlink Metals and Chemicals AG has not repaid debts  totaling more than €4 million for goods delivered by the Corporation in good faith, evading contractual obligations, legislation and decisions of the Swiss judicial authorities, which have twice confirmed the obligation of Interlink Metals and Chemicals AG to pay debts to the Corporation's division for the delivered products.
The Investigative Department of the Investigative Committee of the Sverdlovsk region issued a resolution on the involvement of U.S. citizen Igor Raykhelson as an accused. It follows from the materials of the criminal case that Mikhail Voevodin, the former general director of PJSC VSMPO-AVISMA, and Evgeniy Lysenko, the head of NPO VtorPromResursy LLC, acting "in collusion" with Mr. Raykhelson, concluded contracts for the supply of material with OOO Commercial and Industrial Vector and NPO VtorPromResursy controlled by him at inflated prices. prices are on average 898 rubles per 1 kg. At the same time, the corporation purchased the material from the main supplier of charge billets, LLC RegionProm, at an average price of 504 rubles per 1 kg. In this regard, the TFR considered that the funds generated from the price difference between the former supplier and the new counterparties were "appropriated by Mr. Raykhelson and other unidentified persons," and VSMPO-AVISMA Corporation suffered particularly large-scale damage. The Dorogomilovsky District Court of Moscow authorized the detention of Voevodin and Lysenko, as well as the arrest of Raykhelson's Moscow apartment. On August 20, 2025, the Leninsky District Court of Yekaterinburg remanded Voevodin and Lysenko in custody until the end of Octoberю.
----

Related organizations

Subsidiaries

Awards