Safran Stockpiles Titanium as Ukraine-Russia Conflict Threatens Supply
February 24 2022 - 4:43AM
Dow Jones News
By Olivia Bugault
Safran SA has increased its stocks of titanium and is moving to
reduce its reliance on Russian provider in light of the Ukraine
crisis, Chief Executive Officer Olivier Andries said during a call
with journalists Thursday.
The French aircraft engine maker increased its reserves mostly
with providers in Germany and is working on accelerating the
diversification of its sources of titanium, Mr. Andries said.
"With the stocks [of titanium] we have, we have a few months
ahead of us," the CEO said.
Russia's titanium producer VSMPO Avisma Corp. is Safran's main
supplier but provides less than 50% of the titanium it needs, he
said.
The metal is used by Safran for some parts of its engines and
airplane landing gears.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
February 24, 2022 04:28 ET (09:28 GMT)
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