President of Ukraine Volodymyr Zelenskyy instructed the government to develop a program for the development of the titanium industry. Vice Prime Minister of Ukraine - Minister for Strategic Industries of Ukraine Oleg Urusky announced this in an interview with the Security Talks project.
“Our foreign partners, which depend on the supply of titanium from Russia and China, are concerned about the situation and are interested in the creation of a full cycle of titanium products manufacturing in Ukraine - rolled products, pipes and everything that can be used for aviation, rocket, space and other defense equipment, - said the Vice Prime Minister of Ukraine. - The US Congress has a positive attitude to the diversification of supplies of titanium products and supports the creation of a corresponding production in Ukraine. But in order to build a plant and offer our services to partners, serious investments are needed. ”
In the near future, the Strategy for the Development of the Titanium Industry, the need for which has long been defended by the Ministry of Strategic Industry, should be approved. The strategy provides for the creation of a holding with a vertically integrated management system, which will be focused on creating a closed production cycle - from the extraction of raw materials, their processing to the production of finished products.