VSMPO-AVISMA Corporation, the Russian manufacturer of titanium, aluminium and steel semi-finished products, and AVIC International Holding Corporation, Beijing (People’s Republic of China), one of affiliate companies of state owned Aviation Industry Corporation of China (AVIC) have signed an extension to the Agency Agreement for sales and promotion of titanium and aluminium semi-finished products manufactured by VSMPO-AVISMA Corporation in PRC. The document has been signed on July 14th,2014 at the Farnborough Air Show.
AVIC International Holding Corporation (before reorganization named as China National Aero-Technology Import & Export Corporation (CATIC) has been an agent of VSMPO-AVISMA Corporation since 2003 when the first Agency Agreement was signed.
This is the next extension of the existing agreement after commencement of the cooperation between the companies that signals mutual satisfaction with the continuous cooperation on the Chinese market. This agreement will be in force for three years and valid through May 2017. The companies are also looking at ways to broaden the range of products and services to be included into the Agreement.
AVIC International Holding Corporation deals in the following businesses like the import and export of aviation products, international cooperation, technology exchange, technology introduction, material and equipment purchase to fulfill the requirement of aviation technology and equipment, the demand of domestic and oversea customers. AVIC International has been long engaged in aviation products trading, spare parts supporting, flight training and after sales service, possesses abundant knowledge of technology, management and international commerce.
AVIC International is a qualified subcontract manufacturer which has established sound cooperative relations with Boeing, Airbus, GE and Rolls Royce, etc. AVIC International has made tremendous contributions in improving China aviation manufacturing level. Their production activities comprise commercial aircraft nose section, fuselage, wing, movables and empennage, as well as sheet metal parts, composite parts, machining parts and aero-engine components subcontract manufacturing.