Baoji Titanium Signs $130 Mln Titanium Contract With Boeing
Published by MAC on 2007-06-15Baoji Titanium signs $130 mln titanium contract with Boeing
On June 9th, Shanghai-listed Baoji Titanium Co. Ltd., China's largest titanium product manufacturer signed a RMB 1 billion ($130.23 million) three-year titanium product contract with U.S.-based aircraft maker Boeing Friday, according to a Baoji Titanium announcement last Saturday.
According to the contract, Baoji Titanium will supply 4,300 tons of titanium products to Boeing between 2007 and 2009. The total value of the contract is estimated to be in excess of RMB 1 billion ($130.23 million), according to the statement released Saturday.
Baoji Titanium will supply Boeing with 780 tons of titanium products in 2007.
Baoji Titanium recently signed a titanium product deal with U.S.-based Goodrich Corporation, one of the world's largest aerospace companies.
The company will provide at least 1,000 tons of titanium products to Goodrich between 2007 and 2021.
Moreover, Baoji Titanium has also become a stable titanium product supplier to Airbus.