Translation. Region: Russian Federation –
Source: Government of the Russian Federation – Government of the Russian Federation –
An important disclaimer is at the bottom of this article.
Deputy Prime Minister Alexander Novak launched the production of titanium blanks at Isetsky Forge-Mechanical Plant JSC via videoconference in the Titanium Valley special economic zone in the Sverdlovsk region.
The project envisions the creation of a modern, full-cycle production facility—from ingot smelting to machining of titanium semi-finished products. The facility will produce rods, rings, and ingots made of titanium and titanium-based alloys, which are used in the production of high-tech products, including for defense industry enterprises. Once fully operational, production will reach 22,000 units per year.
"Today, we launched more than just a new production facility; we demonstrated how the Russian Government's economic development tools work. One such tool is special economic zones, which enable the creation of modern industrial sites with ready-made infrastructure and reduce costs for investors. The Titanium Valley Special Economic Zone is an example of how comprehensive government support creates conditions for locating high-tech manufacturing. Projects with a total announced investment volume of over 114 billion rubles are already being implemented within its territory, creating over 6,000 jobs, and resident revenues exceeding 115 billion rubles, including over 15 billion rubles in 2025," noted Alexander Novak.
Sverdlovsk Region Governor Denis Pasler emphasized that the launch of the new production facility is the result of the region's systematic efforts to develop industrial infrastructure and attract investment.
"We are strengthening the Sverdlovsk Region's status as a key center of Russia's titanium industry and a leader in the development of high-tech manufacturing to ensure the country's security and technological sovereignty. I thank the government and federal ministries for their attention to our region and their support of the Ural industrial sector. The Isetsky Forge and Mechanical Plant manufactures products for strategic industries. The creation of these new workshops will significantly increase the production of titanium products to 22,000 units per year," said Denis Pasler.
The company's director, Alexey Minochkin, noted that the project's implementation allowed the creation of a modern production facility using government support measures and ensured the production of products in demand by key industries. Stanislav Dorofeev, CEO of the SEZ management company, added that the management company, for its part, provides all necessary support to residents in ensuring favorable conditions for entrepreneurial activity. As part of the project to organize the production of titanium blanks, the future production facility was also provided with all the necessary utilities and facilities.
The Titanium Valley Special Economic Zone was established in 2010 and comprises four production sites with a total area of over 635 hectares. It is home to 26 registered residents implementing projects in metallurgy, aircraft manufacturing, medical technology, and other high-tech industries. Actual investment has exceeded 55 billion rubles, creating over 6,000 jobs. The launch of the new facility will increase titanium production and strengthen cooperation with high-tech industries.
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.