Russia: VSMPO-Avisma revenue up in 2019

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.…

Russia: VSMPO-Avisma says Gazprom considers possible partnership

Gazprom was studying production potential of titanium giant VSMPO-Avisma for possible partnership, the titanium producer said in a statement on December 18 after a Gazprom delegation visited the Sverdlovsk region’s city of Verkhnyaya Salda to study VSMPO-Avisma’s production and discuss partnership. “After analyzing production potential of VSMPO-Avisma, the leader of the world’s titanium industry, we…