VSMPO-AVISMA Corporation, where VSMPO stands for Verkhnesaldinskoye metallurgicheskoye proizvodstvennoye ob'yedineniy, is the world's largest titanium producer. Located in Yekaterinburg, Russia, VSMPO-AVISMA also operates facilities in Ukraine, England, Switzerland, Germany and the United States. The company produces titanium, aluminum, magnesium and steel alloys. VSMPO-AVISMA does a great deal of business with aerospace companies around the world, such as Boeing and Airbus.
On December 27, 2007 U.S. Boeing and VSMPO-AVISMA created a joint venture Ural Boeing Manufacturing and signed a contract on titanium products deliveries until 2015, with Boeing planning to invest 27 billion dollars in Russia over the next 30 years.