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6:17AM Alcoa and Russia's VSMPO-AVISMA to form JV to manufacture titanium and aluminum products for aircraft manufacturers (AA) 8.60 : Co and Russia's VSMPO-AVISMA, the world's largest manufacturer of titanium ingots and forged products, have agreed to join forces to meet growing demand for high-end titanium and aluminum products for aircraft manufacturers worldwide. Once formed, the joint venture will combine Alcoa's expertise in manufacturing value-add products with VSMPO-AVISMA's global leadership in titanium production to manufacture high-end aerospace goods, such as landing gear and forged wing components, at Alcoa's plant in Samara.
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Alcoa far surpassed the industry in share price growth, followed by Century Aluminum (CENX_) which gained 8.1%, Aluminum Corp of China (ACH_) up 3.7%, Australia-based producers BHP Billiton (BHP_) and Alumina Limited (AWC_) climbing 3.2% and 2.4% respectively, and Noranda Aluminum Holding (NOR_) 4.7% higher. Kaiser Aluminum (KALU_) lagged the group, gaining 0.94%.\
From Seeking Alpha Tuesday, Oct 22 2:39 PM Alcoa joins Russian company in aerospace venture Alcoa (AA +7.5%) joins Russia's VSMPO-AVISMA, the world's largest manufacturer of titanium ingots and forged products, in a joint venture to meet demand for high-end titanium and aluminum products for aircraft manufacturers worldwide.The two companies will work together to make aerospace goods at Alcoa's plant in Samara, Russia; manufactured products will include landing gear and forged wing components.The JV is expected to be up and running by 2016; financial terms are not disclosed. Good Luck With This! Investment management firm FinEx Group and the Moscow Exchange said they had launched Russia's first gold-backed exchange-traded fund as part of a bid to turn Moscow into an international financial centre.
Disney stores coming to Russia Disney (DIS -1.1%) plans to open retail stores in Russia later next year, according to a Russian media report.License fees for consumer products account for a good portion of Disney's revenue in the nation.
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Alcoa far surpassed the industry in share price growth, followed by Century Aluminum (CENX_) which gained 8.1%, Aluminum Corp of China (ACH_) up 3.7%, Australia-based producers BHP Billiton (BHP_) and Alumina Limited (AWC_) climbing 3.2% and 2.4% respectively, and Noranda Aluminum Holding (NOR_) 4.7% higher. Kaiser Aluminum (KALU_) lagged the group, gaining 0.94%.\
http://www.thestreet.com/story/12078408/1/whats-fueling-alcoas-aa-11-gain.html?puc=yahoo&cm_ven=YAHOO
Tuesday, Oct 22
2:39 PM
Alcoa joins Russian company in aerospace venture
Alcoa (AA +7.5%) joins Russia's VSMPO-AVISMA, the world's largest manufacturer of titanium ingots and forged products, in a joint venture to meet demand for high-end titanium and aluminum products for aircraft manufacturers worldwide.The two companies will work together to make aerospace goods at Alcoa's plant in Samara, Russia; manufactured products will include landing gear and forged wing components.The JV is expected to be up and running by 2016; financial terms are not disclosed.
Good Luck With This!
Investment management firm FinEx Group and the Moscow Exchange said they had launched Russia's first gold-backed exchange-traded fund as part of a bid to turn Moscow into an international financial centre.
Read more: http://www.themoscowtimes.com/business/article/gold-exchange-traded-fund-launches-on-moscow-bourse/488055.html#ixzz2iUEpjg1N
The Moscow Times
And Good Luck With This
“Shipping companies face higher costs to secure their cargo,” said Thomas Straubhaar, director of the Hamburg Institute of International Economics, in an e-mailed response to questions. “The rail route will get attractive if Russia increases efforts to ensure a secure and reliable transport on the long stretch between Asia and Europe. Customers don’t want their Porsche to be stolen along the way.”
http://www.bloomberg.com/news/2013-10-15/putin-builds-north-korea-rail-to-circumvent-suez-canal.html\
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Disney stores coming to Russia
Disney (DIS -1.1%) plans to open retail stores in Russia later next year, according to a Russian media report.License fees for consumer products account for a good portion of Disney's revenue in the nation.