Inauguration of first plant in Europe to produce aviation-grade titanium by recycling ERMT.PA |

For best results when printing this announcement, please click on link below: Saint-Georges-de-Mons, September 15(th), 2017


UKAD, ADEME and Crédit Agricole Centre France today inaugurated the
EcoTitanium site in Saint-Georges-de-Mons (Puy-de-Dôme, France), in the
presence of Benjamin Griveaux, Secretary of State for Economy and Finance, and
Christel Bories, Chairman & CEO of the ERAMET Group. The first plant in Europe
to produce aviation-grade titanium by recycling, EcoTitanium makes alloys from
titanium solid scrap and chips collected from the major aircraft makers and
their subcontractors.
  Europe’s first aviation-grade titanium stream

EcoTitanium gives the aviation industry a new, ecofriendly, innovative source
that is totally independent from existing American and Russian suppliers.

The project is a €48 million investment that will lead to at least 60
direct, highly qualified new jobs, as well as inferred jobs. It strengthens
the Auvergne-Rhône-Alpes region’s metallurgical skills cluster and helps to
energise the Combrailles labour market.

At full capacity, EcoTitanium will produce several thousand tons of titanium
alloy ingot per year to meet high growth in demand for titanium on aviation

Titanium and its alloys provide this industry with valuable properties:
lightness (44% lighter than steel), excellent corrosion resistance and
advanced mechanical characteristics.  

EcoTitanium’s inauguration marks the final stage in the creation of Europe’s
first integrated titanium stream. Aubert & Duval, an ERAMET Group subsidiary,
developed this subsidiary to provide aerospace customers with a complete
offering: ore mining and titanium production at UKTMP, Kazakhstan, forging of
titanium ingots at UKAD, closed-die forging of parts at Aubert & Duval,
finishing at MKAD (a joint venture with Mecachrome, inaugurated in October
2016) and scrap and chips recycling at EcoTitanium.

EcoTitanium has three shareholders: UKAD (43.5%), a joint venture by Aubert &
Duval and UKTMP International, ADEME (41.3%) under the Investissements
d’Avenir programme, and Crédit Agricole Centre France (15.2%) through its
investment subsidiary CACF Développement.

The EcoTitanium site in Saint-Georges-de-Mons (Puy-de-Dôme, France)
  A sustainable development approach

EcoTitanium’s recycling route will prevent the emission of 100,000 tons of CO2
by consuming 4 times less that the conventional, ore-based production supply
chain. To support the creation of this environmentally responsible stream in
Europe, the European Investment Bank (EIB) granted a €30 million loan for
EcoTitanium funding.

EIB funding is guaranteed by the European Fund for Strategic Investments
(EFSI), a central pillar of the “Juncker plan” for investment in Europe. A
joint initiative by the EIB Group and the European Commission, the Juncker
plan is intended to boost private investment in high value-added projects and
strategic sectors for the European Union, such as innovation. The EcoTitanium project benefited from the financial support of the European
Regional Development Fund (FEDER), the French Commissariat for Equality of
Territories, the Auvergne-Rhône-Alpes Region, Puy-de-Dôme département
council, the Loire-Bretagne water agency and Banque Publique d’Investissement

Mrs. Christel Bories, Chairman & CEO, ERAMET: “The ERAMET Group is proud to
support the EcoTitanium project for the creation of a recycling stream that
will provide Europe with a titanium supply source which is independent from
the major global producers. EcoTitanium is a milestone in ERAMET’s constant
commitment to environmental and social responsibility, as well as industrial

Mr. Denis Hugelmann, CEO in charge of the Alloys Division, ERAMET and Chairman
of EcoTitanium: “I thank our partners UKTMP, Crédit Agricole Centre France,
ADEME, and the European Investment Bank for their involvement in this
pioneering project. With EcoTitanium, the ERAMET Group and its subsidiary
Aubert & Duval are reasserting their attachment to the Combrailles activity
area, which will benefit from the creation of around 60 direct jobs, shoring
up its industrial vocation.”

Mr. Jean-Christophe Kiren, CEO, Crédit Agricole Centre France: “This project
reflects our region’s great dynamism and will enhance its reputation across
Europe. Crédit Agricole Centre France is very pleased to support the
EcoTitanium project, because the development of our territory, particularly
through support for innovation and job creation, is at the heart of our reason
for being.”

Mr. Bruno Lechevin, Chairman of ADEME, the French environment and energy
management agency: “EcoTitanium is a highly ambitious project that supports
the competitiveness of a strategic sector, while substantially reducing the
industry’s impact on the environment. It is, therefore, perfectly in line with
the goal of the Investissements d’Avenir programme.”

Mr. Sylvain Gehler, Chairman of the Board of Directors, UKTMP: “The creation
of Ecotitanium is a major step in the development of the titanium industry in
Europe, and in France in particular. As an integrated titanium producer in
Kazakhstan, UKTMP is proud to take part in the creation of EcoTitanium and to
contribute its expertise in the supply of titanium sponge.”

Mr. Ambroise Fayolle, Vice-President, EIB: “The European Union Bank is
delighted to finance this pioneering project that comes under our priority
action in favour of innovation, the circular economy and competitiveness in
Europe. With this new Juncker funding, 89 operations have been approved in
France to date for a total financing amount of almost €7 billion.”

UKAD is a joint venture by Aubert & Duval, , and the Kazakh company UKTMP, a
world leader in titanium sponge manufacturing. Located in Saint
Georges-de-Mons (Puy-de-Dôme, France), UKAD specialises in titanium forging.

Aubert & Duval, an ERAMET Group subsidiary, specialises in high value added
metallurgy is a world leader in high performance steels, superalloys, titanium
and aluminium. Aubert & Duval designs and makes cutting-edge metallurgical
solutions in the form of parts or long products for the most demanding
industries, including the aerospace, energy, motor racing, nuclear and medical

Kazakhstan stock market. Its mission is to mine ore, process it into titanium
tetrachloride and, finally, into sponge. It’s one of the world leaders in
titanium sponge production. The company also produces magnesium. In 2010,
UKTMP invested in and started up a new plant for titanium alloy ingots
production, for UKAD in particular.   
Contacts: Aubert & Duval: Audrey Delache – – +33 6
8098 9550  ERAMET: Lauranne Guirlinger – – +33 6 4826 2173

ADEME, the French environment and energy management agency, is active in the
implementation of public policy in the areas of the environment, energy and
sustainable development. It provides expertise and advisory services to
businesses, local authorities and communities, government bodies and the
public at large, to enable them to establish and consolidate their
environmental action. ADEME also helps finance projects, from research to implementation, in the
areas of waste management, soil conservation, energy efficiency and renewable
energy, raw materials savings, air quality, noise abatement, circular energy
transition and food wastage abatement.
ADEME is a public agency under the joint authority of the Ministry for an
Ecological and Solidary Transition and the Ministry for Higher Education,
Research and Innovation.

Programme Investissements d’Avenir (PIA) is an investment programme that was
set up in 2010 to boost innovation, improve businesses’ competitiveness,
foster employment and promote equal opportunities. It is structured along 6
strategic lines: higher education, research & training / turning research to
account and transferring it to the economic world / industrial streams:
developing innovative SMEs, consolidating tomorrow’s strategic streams /
sustainable development / the digital economy / health and biotechnologies.
€47 billion has been invested in the programme: an initial tranche of
€35bn in 2010, and a second tranche of €12 bn in 2013. Implementation of
PIA is managed by CGI, the general investment commissariat. and Contact:  ADEME press office – – +33 1 5847 8128

Crédit Agricole Centre France is a cooperative bank that is active in Allier,
Cantal, Corrèze, Creuse and Puy-de-Dôme.  As well as contributing to the
region’s development as its biggest funder, the bank attaches great importance
to central France’s attractiveness and economic growth. 

That’s why Crédit Agricole Centre France supports initiatives that foster
both foster local jobs over the long term and enhance the reputation of
Auvergne and Limousin.  
Contact: Frédéric Dupouhet – – +33 4
7330 58 89

The European Investment Bank (EIB), the European Union’s bank, forms the EIB
Group with the European Investment Fund (EIF).

Since 2012, thanks to its sound skills and the financial attraction of its AAA
rating, the EIB Group has doubled its volume of activity in France (totalling
€9.3 billion in 2016) through support for SMEs and innovation, but also by
investing in strategic sectors for the future such as action on climate,
energy, health, education and training for young people. These investments are
intended to improve people’s daily lives while creating a lasting economic and
social momentum.

Follow EIB:    – Twitter: @eib

France 2016 sheet (in French): The investment plan for Europe, known as the “Juncker plan”, is one of
Jean-Claude Juncker’s highest priorities. It is centred on increasing European
investments to create jobs and growth thanks to the efficient use of existing
and new financial resources, reducing obstacles to investment, through greater
visibility in particular, and technical assistance for investment projects.

The European Fund for Strategic Investments (EFSI) is the investment plan’s
central pillar. It enables the EIB Group to invest in more projects with
greater added value and higher risk profiles. The EFSI has already generated
tangible results. Projects and agreements for which funding has been approved
under the EFSI to date should total around €225 billion in investments,
supporting 445,000 SMEs across all 28 member states.
EcoTitanium Inauguration ( )

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Source: Groupe Eramet via Globenewswire

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