The authorities of the Sverdlovsk region and the VSMPO-Avisma Corporation have concluded a special investment contract until 2023.

According to the agreement the corporation will carry out modernization of its rolling complex in the city of Verkhyaya Salda valued at over 1.2 billion rubles.

Following the modernization new jobs will be created and the titanium output will increase.

For this the corporation is granted the right to pay the profit tax at the lower level. This will allow VSMPO-Avisma to increase investments and pour more money in social programs. (Ukrainian metal)

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