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Russia: the news of the "Titanium valley"

4 January 2011
Russia: the news of the

The agreement

on the establishment of a special economic zone

«Titanium valley» was held

instance. After 16 Dec

the resolution on creation of the SEZ was

signed by Prime Minister Vladimir

Putin, 27 th of their signatures

the document was signed by the Governor

Sverdlovsk region Alexander

Misharin, Deputy Minister of economic

development of the Russian Federation Oleg

Genrikhovich Savelyev.

On

the territory of «Titanium valley» will be

produced a wide range of products

titanium is mainly used

in aircraft, automotive and

the transport engineering. Thanks

the status of a free customs zone on

SEZ management

«VSMPO-AVISMA» (which is the initiator

project) is looking to expand

the application of this metal is Russian

manufacturers. In addition, according to

professionals working on the project

«Titanium valley» will be able to provide

the necessary products of titanium and

titanium alloys aerospace

the industry of the country.

In

the Ministry of economic development

Of the Russian Federation suggested that the project «special

economic zone» will be involved

about 20 residents who will be able

to carry out a number of shopping transactions

goods on preferential terms (without

of VAT and customs duties). When

investments in the project

(which is about 10 billion rubles) is planned

not involve from the Federal budget.

According to the Deputy Minister

economic development of the Russian Federation, when creating

SEZ «Titanium valley» construction

objects of social and transport

infrastructures and construction

the necessary engineering structures

can be financed from the funds of

the regional budget and other sources.

1 January 1970
5 January 2011