Monday, June 2, 2008

Ural Metal and Mining Corporation will be acquiring a 51% stake in a Czech plane manufacturer in accordance with government encouragement for Russian businesses to be active in diversifying to other countries and becoming truly international players. At first glance, a metals company might not be a natural fit for an aerospace company, but the most important parts of an airplane by value, weight, and quantity are metals and alloys. Metal composites will only be of greater importance in the future and a company that can fully integrate areas such as mining, refining, forming parts, all the way to the construction of the aircraft, could very well have a competitive adavantage.

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