VSMPO-AVISMA | Top Materials Manufacturing Company 2022

MedTech Outlook Magazine

VSMPO-AVISMA
Premium Titanium Products for Manifold Applications

Vincent Rocco, VP of Eastern Sales, VSMPO-AVISMAVincent Rocco, VP of Eastern Sales
For close to a century, the medical industry has extensively used titanium in surgical and dental equipment due to its strength and increased resistance to corrosion. Moreover, titanium is also biocompatible and has an innate ability to join with the human bone, which is why it has become the fundamental material used in most medical implant devices. Consequently, medical device manufacturers are increasingly seeking competitive pricing, supply security, flexibility, and the highest quality for one of their most essential raw materials.

Amid this backdrop, who better than the world’s largest titanium producer can meet their expectations and fulfill their demands? With a market presence across 50 countries and a workforce comprising 20,000 employees, VSMPO-AVISMA offers best-in-class titanium products for the medical device industry. The company is involved in the full production cycle: from raw-material processing to the production of finished machined products. “Our focus is on providing high-quality and cost-competitive products. We can produce any titanium alloy commonly used in a wide range of medical devices,” states Vincent Rocco, VP of Eastern Sales at VSMPO-AVISMA.

However, what makes the company unique in the material production space is that VSMPO-AVISMA is the most customer focused titanium producer in the world. The low production costs and a network of distribution centers located around the world enables them to smoothly manage months of inventory for their clients and maintain stable and competitive price points. VSMPO AVISMA prides itself in offering customers flexibility whether it pertains to holding inventory or fixing prices for extended periods. There is no aspect in customer negotiations that are off limits if it helps them strengthen relationships and creates a mutually beneficial business partnership.

This flexibility allows VSMPO AVISMA to help its customers create price certainty and supply stability, thus allowing medical device manufacturers to quote business for extended periods and secure more share. In addition, by holding inventory buffers, any spike in demand that the customer experiences can be captured. VSMPO AVISMA approaches its business relationships as being a partner rather than just a supplier.

Another noteworthy highlight of the company is that the primary production is carried out across two different locations. Titanium sponge is produced in a facility west of the Ural Mountains in Russia and titanium melting and downstream processing takes place in a facility about a 6 hour drive away east of the Ural Mountains. Here titanium ingots, slabs, billets, bars, sheet, plate, and rings are produced. In addition, VSMPO AVISMA operates one of the largest titanium forging operations in the world while also having significant machining capabilities. Virtually all of the metal production and processing happens in one location whereas other titanium producers have facilities scattered within countries and even across the world. A finishing facility located in the Pittsburgh area is able to provide high precision titanium bar and wire particular to the medical device manufacturing industry.

Our focus is on providing high-quality and cost-competitive products. We can produce any titanium alloy commonly used in a wide range of medical devices.


Spurred by its success, VSMPO-AVISMA is planning to install a plasma arc melting furnace that will offer the company the flexibility to produce newer and complex alloys and give them a lower cost melting capability. Meanwhile, the company is also aiming to invest further in its downstream processing capabilities, which will include installing finishing and rolling mills both in Russia and the US. The company is investigating expanding its competencies as it pertains to high precision medical titanium bar and wire. “Our longer term vision has us producing a new range of high precision products that will allow us to fully participate in the spinal and dental markets,” concludes Rocco.

Top 10 Materials Manufacturing Companies - 2022

Company
VSMPO-AVISMA

Management
Vincent Rocco, VP of Eastern Sales

Description
With a market presence across 50 countries and a workforce comprising 20,000 employees, VSMPO-AVISMA offers best-in-class titanium products for the medical device industry. The company is involved in the full production cycle: from raw-material processing to the production of finished machined products. The company’s low production costs coupled with the network of distribution centers located around the world enables them to smoothly manage months of inventory for their clients and maintain stable and competitive price points. In addition, VSMPO AVISMA operates one of the largest titanium forging operations in the world while also having significant machining capabilities.

VSMPO-AVISMA News

VSMPO-AVISMA and the Perm Territory authorities will jointly develop an educational infrastructure


VSMPO-AVISMA Corporation, PJSC and the Government of the Perm Territory signed an agreement on the development of education facilities at the International Industrial Trade Fair INNOPROM 2023. The world's largest titanium producer became the first company to take a fundamental step within the framework of a consortium concluded at the end of 2022 that united the region’s enterprises to build a new training and laboratory building for the Berezniki Polytechnic College and a dormitory for students. As RusBusinessNews has been informed by the corporation's press service, VSMPO-AVISMA Corporation will invest 100 million rubles in the project.
The upcoming construction project involves a 500-seat building that will accommodate various facilities for the college. These include classrooms, training workshops, laboratories, a sports and physical training block, a library and information center, an assembly hall, and a canteen. Additionally, a dormitory with 400 beds will be built to accommodate non-resident students. Currently, Berezniki has two student dormitories with a combined capacity of approximately 310 beds.
Dmitry Trifonov, the Executive Director of AVISMA, a branch of VSMPO-AVISMA Corporation, PJSC, emphasized the significance of the collaboration between their organization and the Government of the Perm Territory, as it is transitioning into tangible projects. Their primary objective is to ensure that students receive high-quality education and comfortable living arrangements. This investment in youth development is crucial for the company, the city, and the country as a whole, as the students will eventually become valuable employees, skilled professionals, and experts in their respective fields.
Creating an environment that fosters self-fulfillment, training, and personal growth among young individuals is essential for driving sustainable and positive changes in the region's economy and social sphere. The region is faced with various challenges, and to address them effectively, there is a need for technically knowledgeable engineering personnel who can apply their skills in practical settings.
Governor Dmitry Makhonin of the Perm Territory highlighted the importance of involving enterprises in the implementation of socially significant infrastructure projects within the region. This is particularly significant for Berezniki, which serves as a major industrial hub for Russia's chemical industry. The construction of the new college building will help address several issues, including the shortage of technical and engineering professionals. It will also expand educational opportunities for young individuals in Prikamye, providing them with quality education and prospects for future employment in the area.
"Together with business, we are moving towards not only developing the education sector in the Perm Territory, but also providing students with comfortable conditions during their studies. The agreement signed today will ensure the implementation of the roadmap in this direction," said Dmitry Makhonin.