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Aerospace supplier Safran increased titanium stocks as Ukraine tensions rose -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Safran’s logo can be seen at the company headquarters near Paris in Issy–les­Moulineaux on January 2, 2019. REUTERS/Gonzalo Fuentes

PARIS (Reuters), – French Aerospace Supplier Safran (PA:) Thursday’s announcement by the PA stated that it has sufficient titanium resources for several months, having increased its stocks since the beginning of the year.

Safran uses titanium for its long-haul aircraft parts and landing gear. Russia is less dependent than Russia, though Russia’s VSMPO AVISMA remains the largest single supplier.

Olivier Andries, chief executive of Olivier Andries said that the organization had watched the situation over several weeks. “We’ve decided from the beginning of this year to expand our stock of titanium through distributors in Germany.

French firm – that together with General Electric CFM International, the largest manufacturer of jet engines in the world by number sold, is part co-owner (NYSE:). CFM International also wants to diversify its metal sources.

Experts say that Western aerospace firms that heavily rely on VSMPO/AVISMA long-term supplies have increased their buffer stocks for the event of a trade war.

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