Posted on 04/16/2023 5:47:22 AM PDT by FarCenter
...
The ministry will provide 50% of the funds for large casting parts made of titanium or nickel alloys. Those light and strong materials are used for large components that require durability or engine parts that must be heat resistant.
Capital investments in production facilities for carbon fibers used in reinforced plastics will receive subsidies covering one-third of total spending.
Demand for parts that reduce aircraft weight is expected to grow worldwide. The ministry seeks to foster related businesses by encouraging capital spending. Japan aims to claim a 20% global share of large casting parts for aircraft in 2030.
The International Air Transport Association forecasts that demand for air travel will recover to the 2019 pre-pandemic level in 2024. The number of passenger jets in operation is projected to reach 41,300 in 2041, up 70% from 24,000 in 2021, Japan Aircraft Development Corp. estimates show.
Russia's VSMPO-Avisma is the world's top supplier of titanium aircraft parts. Depending on developments in the Ukraine war, supply from Avisma could decline, slowing global aircraft production.
Japan Aeroforge, formed in 2011 by Kobe Steel, Proterial [formerly Hitachi Metals] and others, manufactures large aircraft casting parts.
(Excerpt) Read more at asia.nikkei.com ...
“Russia’s VSMPO-Avisma is the world’s top supplier of titanium aircraft parts.”
Funny how Russia keeps showing up when it comes to advanced manufacturing, particularly after DeSantis claimed they were “basically a gas station with a bunch of nuclear weapons.”.
Ukraine produces the metal from ore. The metal was sold to Russian companies for processing into sheet or the castings that were returned to Ukraine for sale to the world via a network of distributors.
That symbiotic titanium effort is now gone. The result is an opportunity for non China Titanium producing companies to grow.
[Ukraine produces the metal from ore. The metal was sold to Russian companies for processing into sheet or the castings that were returned to Ukraine for sale to the world via a network of distributors.
That symbiotic titanium effort is now gone. The result is an opportunity for non China Titanium producing companies to grow.]
Actually, the producers of Chinese titanium were a major if not the major winner from the world’s loss of Ukranian titanium
The USA distributors were forced to buy Chinese titanium after the Ukranian loss and before others picked up the slack.
If all you have is lemons and everyone is thirsty, you make and sell lemonade. Sometimes at ridiculous prices like rooms for rent or food during the gold rushes. There are no laws about a monopoly in Japan that restrict pricing. Their laws, to include exportation, is for everyone to get the same price and has nothing to do with the products. It’s not a matter of volume. So if you want their products, and you are willing to pay it, it doesn’t make any difference to them who you are.
wy69
You would think that Japan would have done this since the end of WW2.
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