UKTMK

What UKTMK does

UKTMP JSC (Ust-Kamenogorsk Titanium and Magnesium Plant) is a Kazakhstan-based, vertically integrated titanium and magnesium producer headquartered in Ust-Kamenogorsk and listed on the Kazakhstan Stock Exchange (KASE). Founded in 1965 and operating continuously for six decades, the company runs five main production shops and six auxiliary shops covering the full ilmenite-to-finished-product chain: titanium sponge via the Kroll magnesiothermal reduction process, titanium tetrachloride via chlorination at Shop No. 2, ilmenite smelting to titanium slag at Shop No. 12, magnesium ingots via molten-salt electrolysis, and titanium ingots and alloys via double vacuum-arc remelting (DVAR) at Shop No. 14 — the only such DVAR facility in Kazakhstan. The Satpayevsk Mining and Processing Plant subsidiary (2000) supplies in-house ilmenite concentrate, reducing imported raw materials to 40% of need.

The company supplies certified aerospace-grade titanium to all major global aerospace primes, including Boeing, Airbus, SNECMA, General Electric, TIMET, RMI, Pratt & Whitney, and Nippon Steel, holding approximately 11% of global titanium market share and 18% of the aerospace titanium market. Distribution is structured around three operational international joint ventures — UKAD with AUBERT & DUVAL in Les Ancizes, France (operational 2011, processing titanium into rods, forgings, sheets, and wire); POSUK Titanium LLP with POSCO in Ust-Kamenogorsk (commissioned December 2014, electron beam melting, 100% slab output exported to South Korea); and EcoTitanium in Auvergne, France with ADEME and Credit Agricole (operational September 15, 2017, aviation titanium alloys from recycled scrap) — plus an announced MIDHANI JV in India (2020) for medical devices and bioimplants. The company holds ISO 9001:2015, AS 9100D, ISO 14001, ISO 45001, and NADCAP central laboratory certifications.

UKTMP generates revenue through direct enterprise sales of titanium sponge, ingots, alloys, slabs, magnesium, and vanadium pentoxide. In 2025, the company sold approximately 12,000 tons of titanium products for 87 billion tenge (US$179 million) in revenue, with 100% of titanium products exported to developed markets (USA, UK, France, South Korea, China, India). Pricing is negotiated bilaterally with aerospace OEMs under long-term supply agreements; the company is currently mid-execution on a 2023-2033 Development Program comprising 25 projects and 255.5 billion tenge (US$525 million) of capex, headlined by a new sponge titanium facility that will add 10,000 tons of annual capacity. UKTMP employs 2,282 people and operates under President Assem Mamutova (since 2013) with Chairman Sylvain Geler.

Name

UKTMK

Legal name

Акционерное общество "Усть-Каменогорский титано-магниевый комбинат"

Website

https://uktmp.kz

Company type

Public

Founded year

1965

Operating status

Operating

Headcount range

1–10 employees

Short description

UKTMP is a Kazakhstan-based vertically integrated titanium and magnesium producer supplying aerospace-grade titanium sponge, ingots, alloys, and slabs to all major global aerospace manufacturers including Boeing, Airbus, and General Electric, holding 11% of the global titanium market.

Ownership category

akta.pro rank

Product category

Titanium and Magnesium Manufacturing

NAICS

Other Aircraft Parts and Auxiliary Equipment Manufacturing (336413)

SIC

Aircraft Parts & Auxiliary Equipment, Nec (3728)

akta.pro primary industry

Aerospace Structural Metals & Alloys (Titanium, Aluminum, Nickel) (IMABANAL)

Keywords

• Titanium sponge production
• Magnesium ingot manufacturing
• Aerospace titanium alloys
• Vertically integrated metallurgy
• Vacuum arc remelting

Headquarters

HQ city

Ust'-kamenogorsk

HQ country

Kazakhstan

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Titanium Products Sales: UKTMP generates revenue primarily from the sale of titanium products including sponge titanium, titanium ingots, titanium slabs, titanium alloys, magnesium ingots, and vanadium pentoxide. In 2025, the company sold approximately 12,000 tons of titanium products generating 87 billion tenge (US$179 million) in revenue.
2. Titanium Sponge: Core product: sponge titanium produced via Kroll process. Certified for all world aerospace manufacturers.
3. Titanium Ingots and Alloys: Shop No. 14 produces titanium ingots and alloys via double vacuum-arc remelting. Only such facility in Kazakhstan.
4. Titanium Slabs: Produced via electron beam melting at POSUK Titanium joint venture; 100% exported to South Korea.
5. Disinfectant UK-Sept: The company also produces and sells disinfectant 'UK-Sept' based on technology from Shop No. 9. State registration obtained in April 2021.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

UKTMK is a vertically integrated titanium and magnesium manufacturer that produces aerospace-grade titanium sponge, primary magnesium ingots, titanium ingots and alloys, titanium slabs, and vanadium pentoxide from ilmenite ore sourced via its own mining subsidiary. All titanium output is exported under long-term direct supply agreements to certified global aerospace manufacturers and industrial customers.

Product overview

UKTMK is a vertically integrated titanium and magnesium manufacturing enterprise covering all technological stages from raw material extraction to finished product. The core product portfolio consists of titanium sponge (produced by the Kroll magnesiothermal process), primary magnesium ingots (by molten-salt electrolysis), titanium ingots and alloys (by double vacuum-arc remelting in Shop No. 14), vanadium pentoxide, and titanium slabs. These products are complemented by joint ventures: UKAD (Kazakh-French titanium rod/forging/sheet/wire processing), EcoTitanium (Kazakh-French aviation-grade titanium ingot recycling), and POSUK Titanium (Kazakh-Korean titanium slab production via electron-beam melting), as well as the Satpayevsk Mining and Processing Plant subsidiary supplying ilmenite concentrate. An ancillary product — the UK-Sept disinfectant — is produced from spare Shop No. 9 capacity. All main products are certified to AS 9100 aerospace quality standards and supplied to Boeing, Airbus, SNECMA, General Electric, and other global aerospace manufacturers.

Differentiator

Problem solved

Functional benefit

Brands

• UK-Sept: Disinfectant product produced at workshop No. 9 of UKTMP; received state registration certificate in April 2021.

Products and services

• Titanium Sponge (Губчатый титан) Sponge titanium produced via the Kroll magnesiothermal reduction process followed by vacuum distillation and argon cooling. Certified for all global aerospace manufacturers and constitutes UKTMK's primary export product.
• Primary Magnesium Ingots (Магний первичный в слитках) Primary magnesium produced in electrolyzers by molten-salt electrolysis. Used internally as a reducing agent in titanium sponge production and sold as finished ingots to external customers.
• Titanium Ingots and Alloys (Титановые слитки и сплавы) Titanium ingots and alloys produced by double vacuum-arc remelting (DVAR) at the company's Shop No. 14 — the only such facility in Kazakhstan — covering approximately 30 types of titanium alloys for aerospace and industrial applications.
• Vanadium Pentoxide (Пентаоксид ванадия) Vanadium pentoxide (V2O5) produced as a co-product from titanium slag processing. Used as an alloying element in steel production and in chemical applications.
• Titanium Slabs (Титановые слябы) Titanium slabs produced by electron-beam melting at the POSUK Titanium joint venture plant in Ust-Kamenogorsk; 100% of output is exported to South Korea.
• UK-Sept Disinfectant (Дезинфицирующее средство «УК-Sept») Disinfectant produced using spare capacity at Shop No. 9 based on metallurgical-process by-product technology; received state registration from the Kazakhstan Ministry of Health in April 2021.

Quantifiable outcome

• 11% of world titanium market share
• +6 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

13 partnerships are on record, tiered core and minor.

• Sylvain Geler (UKTMP Chairman)coreOthers · 11 June 2026UKTMP Chairman Sylvain Geler met with Kazakh Prime Minister Olzhas Bektenov on June 11, 2026, to review the company's expansion plans and Kazakhstan's position in global titanium supply chains. This represents the company's executive leadership relationship with government stakeholders.
• MIDHANI (India)coreStrategic or Co-development Partner · 1 January 2020In 2020, Memorandum of Cooperation signed between UKTMP and Indian company MIDHANI to establish a joint venture in the Republic of India for production of medical devices and bioimplants using titanium.
• ADEME (France)minorStrategic or Co-development Partner · 1 September 2014ADEME (Agency for Environment and Energy Management) of France partnered with UKAD JV and the Government of France to establish EcoTitanium company in France for production of aviation titanium alloys from recycling waste and scrap.
• POSCO (South Korea)coreStrategic or Co-development Partner · 1 January 2010In 2010, UKTMP and South Korean company POSCO created joint venture POSUK Titanium LLP for production of titanium ingots and slabs by electron beam melting. In December 2014, the plant was put into commercial operation in Ust-Kamenogorsk. 100% of products exported to South Korea.
• AUBERT & DUVAL (France)coreStrategic or Co-development Partner · 1 January 2008In 2008, agreement signed between UKTMP and French company AUBERT & DUVAL to create joint Kazakh-French enterprise UKAD for processing titanium waste in Les Ancizes, France. In 2011, the UKAD plant was put into commercial operation producing titanium rods, forgings, sheets, and wire.
• BoeingcoreStrategic or Co-development PartnerBoeing is a key aerospace customer of UKTMP, sourcing certified titanium products. UKTMP's products are certified by all world aerospace manufacturers including Boeing.
• AirbuscoreStrategic or Co-development PartnerAirbus sources certified titanium products from UKTMP for aircraft manufacturing. UKTMP's products are certified by all world aerospace manufacturers including Airbus.
• SNECMAcoreStrategic or Co-development PartnerSNECMA is a French aerospace engine manufacturer sourcing certified titanium from UKTMP.
• General ElectriccoreStrategic or Co-development PartnerGeneral Electric sources certified titanium products from UKTMP for aerospace engine and component manufacturing.
• Nippon SteelcoreStrategic or Co-development PartnerNippon Steel is listed as a partner company of UKTMP, sourcing titanium products.
• TIMETcoreStrategic or Co-development PartnerTIMET (Titanium Metals Corporation) is listed as a certified customer sourcing aerospace-grade titanium from UKTMP.
• RMIcoreStrategic or Co-development PartnerRMI (Refractory Metals Inc.) is listed as a certified customer sourcing aerospace-grade titanium from UKTMP.
• Pratt & WhitneycoreStrategic or Co-development PartnerPratt & Whitney (Raytheon Technologies) is listed as a certified customer sourcing aerospace-grade titanium from UKTMP.

Scale indicators11 records

Recent moves8 records

Expansion highlights7 records

Emerging players

• Tronox Holdings: Global vertically integrated mineral sands producer (zircon, rutile, ilmenite, titanium slag) that sits upstream of UKTMP and competes in the same titanium feedstock supply chain. Comparability is on the raw-material side, with implications for UKTMP's ilmenite procurement.

Broad incumbents

• Precision Castparts Corp (PCC): US-based aerospace structural components and titanium parts manufacturer (Berkshire Hathaway subsidiary; parent of TIMET). UKTMP sells titanium sponge into the PCC/TIMET network, and PCC is the closest large-scale downstream comparator for UKTMP's aerospace ambition.
• Arconic: US-based supplier of aluminum sheet, plate, and engineered products for aerospace and industrial markets. Adjacent peer competing with titanium in aerospace structural applications, particularly in fuselage and wing structures where aluminum-titanium substitution is a key industry dynamic.
• Constellium: Netherlands-headquartered aluminum products supplier for aerospace, packaging, and automotive. Adjacent peer competing with titanium in aerospace structural applications, with comparable OEM customer base to UKTMP.
• Allegheny Technologies (ATI): US specialty materials producer with major titanium alloys and mill products business alongside nickel alloys and stainless. Comparable in serving aerospace OEMs (Boeing, Airbus) with titanium structures, though within a broader portfolio rather than titanium-only focus.
• Howmet Aerospace: Global supplier of aerospace engine components and titanium/aluminum structural castings. Comparable in aerospace titanium downstream demand and OEM relationships, though focused on finished/near-finished components rather than sponge.

Direct peers

• VSMPO-AVISMA: World's largest titanium sponge and ingot producer, supplying Boeing, Airbus, and other aerospace OEMs. Direct peer in the vertically integrated titanium sponge-to-finished-product chain, and the principal global competitor UKTMP benchmarks itself against in the aerospace titanium market.
• TIMET (Titanium Metals Corporation): US-based fully integrated titanium producer (now under Precision Castparts/Berkshire Hathaway) and one of UKTMP's certified customers. Direct peer in sponge, ingot, and mill products serving aerospace and industrial end markets.
• Toho Titanium: Japanese titanium sponge and ingot producer serving aerospace, industrial, and electronics end markets. Highly comparable to UKTMP as one of the small global set of Kroll-process titanium sponge producers certified to aerospace standards.
• Osaka Titanium Technologies: Japanese titanium sponge manufacturer with significant aerospace-grade certifications. Closely comparable in process technology (Kroll), product mix (sponge, ingots, high-purity titanium), and customer overlap with global aerospace OEMs.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat7 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ust-kamenogorsk-titanium-magnesium-plant-jsc

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UKTMK