With a plant in Auvergne (France), EcoTitanium will provide the aerospace industry with a new titanium sourcing channel, enabling it to manage its supply better for this strategic raw material.
Three shareholders are involved in the project:
- UKAD, the project’s industrial leader, with a 43.5% stake;
- The French state through ADEME (environment and energy management agency) under a stake acquired for the PIA investment programme, with 41.3%;
- Crédit Agricole Centre France regional bank (15.2%).
The ERAMET Groupe’s participation in the project stems from a partnership between its subsidiary Aubert & Duval, specialised in upscale metallurgy, and the Kazakh company UKTMP, a world leader in titanium sponge production. Since 2011 the two companies have been operating a titanium forging plant through their joint venture UKAD in Auvergne (France).
EcoTitanium addresses a major issue for Aubert & Duval and the ERAMET Groupe. It will enable them to develop new markets and acquire skills in the recycling of titanium and other noble metals with the use of cutting-edge technologies. This project’s implementation will lead to a fully integrated stream for the Groupe, from titanium ore mining to the supply of pre-machined parts, via the recycling of the cuttings generated throughout the manufacturing process.