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…
VSMPO-Avisma has begun constructing a new shop No. 22. Its size will be over 10 thousand square meters. The premises will house mills for mechanical treatment of titanium stampings (discs and rings). The first metal structures will arrive this month. Until April 2020 the frame of the building will have been erected. In summer the…
Next year VSMPO-Avisma intends to increase output by 8% YoY, to some 38 thousand tons. This year the corporation expects to produce 35 thousand tons of titanium wares, up by 6% YoY. The current investment program presupposes investments on the level of $700 million until 2027 and the increase of output by more than 20%…
In January-September VSMPO-Avisma received 64,983 million rubles of revenue, up by 8% YoY. Net profit grew by 18%, to 16,863 million rubles. The currency exchange rate influenced the increase of the net profit the most, since the rate had decreased by 7%. (Ukrainian metal)
Siemens AG auditors have visited VSMPO-Avisma. They have examined the strip-cutting site of the shop No. 16 and welding lines in the shop No. 38. They have also checked the personnel qualification and pipes quality. The experts have noted a high level of manufacture. The next audit will be carried out in January 2020. The…
VSMPO-Avisma has a large-scale investment plan for 2020. It will be the first step of a new growth strategy to be carried out until 2026. Infrastructure and industrial safety will see the largest investments. In the corporation itself the most will be invested in the modernization of smelting furnaces. Instead of the disassembled Retec a…
The net profit of Russian titanium giant VSMPO-Avisma grew by 25.5% YoY, to $210.3 million in January–June, as calculated under International Financial Reporting Standards (IFRS), the company said in a report August 29. Revenue increased by 3.6%, to $814 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 3.7%, to $305.9 million. Long-term…
The VSMPO-Avisma board of directors recommends paying dividends for January-June in the amount of 884.6 rubles per ordinary share. The register to receive dividends will be closed on October 11. The total amount to be spent on dividends will be 10.199 billion rubles. For H1 2018 the corporation paid 756 rubles per share (8.7 billion…