Saturday, June 23, 2018

Russian economic project to build titanium monument in Hannover

The Titanium Valley Special Economic Zone, a Russian government-backed project, has offered to erect a titanium monument in the German city of Hannover in recognition of the element discovered by city resident and chemist Martin Heinrich Klaproth.

The monument will feature a vertically positioned feathery aircraft wing of titanium that will be designed by Ural artist Tim Radey, reports.

"The Sverdlovsk Region is home to the world's largest producer of titanium, a metal widely used in aviation and other manufacturing," Artemiy Kyzlasov, the head of the project, which seeks to attract investors through tax incentives and access to Russian mining and manufacturing, said, according to "The Titanium Valley Zone has been established to attract Russian and international industrial groups interested in access to unique industrial resources and also prepared to invest in the Russian economy."

The monument will be one of few monuments made of titanium. The world's only other titanium sculpture is located in Moscow, where it has been used in a monument to the first cosmonaut Yury Gagarin.

"We are happy to have the opportunity to donate to Hannover the monument to titanium - this is not only a token of cooperation between our nations and cities, but also a cultural artifact tourists from Russia and other countries are going to appreciate," Kyzlasov said, Herald Online reports.

Titanium Valley leadership spoke with prospective SEZ residents and extolled the advantages associated with doing business in the region. Russia's special economic zones are effective in drawing new investments in fixed assets to the country. They also help ensure the integration of Western manufacturing facilities into Russian infrastructure.