"This enormous milestone is the result of many years of intensive work behind the scenes to scale our powder technology at a pace that the global titanium market demands," Velta CEO Andriy Brodsky said. "By bringing these titanium medical implants to market, we've proven our concept and are eager to stake out our position as the first and leading integrated titanium operation."
In 2017, Velta launched a research and development center to innovate a new method to produce titanium powder as an alternative to titanium sponge. This patented approach to titanium powder is significantly faster and more environmentally responsible than existing titanium sponge. The company has since scaled up the semi-industrial production of metallic titanium powder at its Dnipro, Ukraine-based R&D Center, and established two new divisions to strengthen its vertical integration efforts and fortify its market position. These new units include Velta Additive Technology, which produces finished titanium products using additive manufacturing techniques such as 3D printing, and Velta Medical, which manufactures custom titanium medical implants in Ukraine.
As the company moves forward with its commercial and R&D operations in Ukraine, it is engaged in an intensive site selection process to build a world-class titanium powder production facility in the United States. Last month, Velta announced it had retained the global engineering consultancy Hatch to develop its new US facility, which will initially produce 1,000 tonnes of titanium powder annually. Velta looks forward to updating the market on its US facility's progress and new commercial partnerships in Europe and North America.
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Anna Kapustina,
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About Velta LLC and Velta Holding US, Inc.
Velta Holding US, Inc. is the US-based parent of Velta LLC, a privately owned Ukrainian titanium greenfield operation. Leveraging 15 years of success in the titanium sector, Velta launched a research and development project in 2017 to invent a new method of titanium production. This revolutionary, carbon-conscious approach has already received two US patents. Learn more at Velta.us.
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