4 days before the full-scale Russian invasion of Ukraine, VSMPO-Avisma sold its Ukrainian asset – Demurinskiy Mining and Processing Works LLC, developing the titanium-zirconium sands deposit in Dniepropetrovsk region. The transfer of the Russian share in Limpieza Limited (Cyprus, owner of the asset) took place on February 20. The new beneficiary is another Cyprus company…
In 2019, VSMPO-Avisma received $321.02 million of net profit, up by 31.3% YoY. Revenue grew by 0.7%, to $1.629 billion, but EBITDA fell by 13.4%, to $562.75 million. In ruble equivalent net profit totaled 20.782 billion, up by 35.3%. Revenue grew by 4%, to 105.4 billion rubles, but EBITDA dropped by 10.6%, to 36.43 billion…
Mikhail Voyevodin, VSMPO-Avisma CEO, has enumerated the main investment projects to be carried out in 2020-2021. In particular, the corporation will start assembling a plasma furnace in the shop No. 32. Moreover, money has already been paid for the construction of the stamping complex in the shop No. 37. Next year a press with the…
In 2019, VSMPO-Avisma increased revenue from 89069 million rubles to 90128 million rubles, or by 1.2% YoY. Sales profit dropped by 25%, to 23807 million rubles. Net profit grew by 23.8%, to 23264 million rubles. EBITDA increased by 6339 million rubles, to 34494 million rubles. The corporation paid 7900 million rubles of taxes last year.…
VSMPO was awarded the highest supplier award “2019 SQIP Accredited” at the annual conference of Airbus suppliers held as part of Supply Chain and Quality Improvement Program known as SQIP. This is the third consecutive award given to the Russian supplier by its strategic customer – the European aerospace corporation (previous awards were “Best Improver”…
In 2019 VSMPO-Avisma produced 44 thousand tons of spongy titanium, which became a record-high result for the company. The corporation now accounts for 30% of the global titanium market. Last year VSMPO-Avisma intended to increase output by 6%, to 35 thousand tons, and in 2020 – to 38 thousand tons. (Ukrainian metal)
On February 7, VSMPO-Avisma held a meeting dedicated to the 60 years of titanium manufacture. The history of the plant began on February 7, 1960. In 2019 the corporation produced the record volume of spongy titanium – 44 thousand tons. (Ukrainian metal)
In late November a Safran Landing Systems delegation visited VSMPO-Avisma. The goal of the visit was to conduct a certification audit. The experts inspected the control of materials, ingot smelting, billet forging, stamping manufacture as well as mechanical and thermal treatment when making stampings of titanium alloys for Airbus 350. The audit will result in…
