Russia are creating a Titanium Valley economic zone around Avisma, which is claimed to be the world’s biggest producer in a hope to tempt in foreign companies.
Avisma isn’t very well known unless you live in Russia but is infact a large producer of Titanium.
It produces 25 percent of the world’s titanium, which is such alot in comparison to other places.
Titanium Valley is part of a bid to jump start the economic growth and form more jobs focussed on natural resources.
“It will give enterprises the opportunity to develop and produce value added products and also bring our partners here,” Putin said at VSMPO-Avisma’s core plant in Verkhnaya Salda, about 1,700 km east of the Russian capital.