SMK and Saturn sign long-term contract

At the International Industrial Exhibition Metal Expo 2012, the Russian metallurgical company SMK and the Russian engine-building company Saturn have signed a long-term contract for the period 2013-2015 on the delivery of heat-proof products. The total volume of sales under the three-year period of this contract will amount to about two billion rubles.

Signing this contract with Saturn is a fundamentally new level of strategic partnership with UES partners, said SMK General Director Vladimir Chertovikov. This long-term contract guarantees fixed conditions for delivery and payment, which provides the consumer with the necessary quantity of products precisely on schedule and on budget, and it guarantees us capacity which will allow us to accurately plan our production, sign long-term contracts with suppliers, and stabilize the work on the production chain from raw materials to the finished product.

As Saturn Managing Director Ilya Fedorov said, SMK has long been a reliable partner for Saturn in terms of product delivery, but this long-term agreement that we have signed is a first, and will bring our partnership to a whole new level. This three-year union is a guarantee of on-time delivery and therefore, delivery of engines to our clients.

SMK is a leading Russian metallurgical company, specializing in making components out of heat-proof, aluminium, and titanium alloys and steel for industrial enterprises. The applied technologies allow the company to create high-quality materials for aviation and engine-building, the aerospace industry, ship-building, the oil and gas industry, transportation and agricultural machinery, construction, and other industries.

NPO Saturn is an engine-building company specializing in the development, production, and aftersales servicing of gas turbine engines for military and civil aviation, military and civil marine vessels, and electrical generating and gas transport facilities. Saturn is a part of the Managing Company United Engine Corporation.