Alcoa to Find Way to Russia’s Sky
Russia’s division of the U.S. Alcoa has finally got a chance to make profit-raising its two plants. The company will ink a cooperation agreement with United Aircraft Construction Corp., or UAC, during the MAKS 2007 Air Show.
In time of MAKS 2007, UAC is going to sign a cooperation agreement with the U.S. Alcoa, said Boris Aleshin, who heads Russia’s Federal Industry Agency, Rosprom. The official declined to elaborate and representatives of UAC and Alcoa didn’t speak about the deal either.
But a source close to one of the parties to future agreement said that the matter at stake is deliveries of rolled aluminum to aircraft construction enterprises of UAC. Alcoa “will hardly become an exclusive supplier for UAC,” the source pointed out.
According to another source close to negotiations, the contract with Alcoa will be concluded for strategic purposes and could be limited to deliveries of sheets and structural sections for civil aircraft.
For Alcoa, however, even a small portion of orders for Russia’s aircraft construction will be a great piece of luck. In 2005, Alcoa bought out from RUSAL Belokalitvenskoe Metal Production Association and Samara Metal Works for $257 million and these companies are the money losers now mostly due to the general lack of orders.
www.kommersant.com
All the Article in Russian as of Aug. 17, 2007
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