VSMPO-Avisma has started building a new shop No. 22.2. The premises will look like the manufacturing building UBM-2 in the Titanium Valley special economic zone, but will be two times smaller with the size of around 11 thousand square meters. The corporation needs additional premises because of the increase in the titanium products (discs and…
In January-June the net profit of VSMPO-Avisma increased by 47%, to 12.828 billion rubles. The increase is due to the drop of the dollar exchange rate by 9%. The company revenue grew by 10%, to 42.273 billion rubles. Sales did not change and totaled 15 thousand tons of titanium. (Ukrainian metal)
Shareholders of VSMPO-Avisma decided to pay 873.42 rubles per share as dividends for 2018. For H1 2018, shareholders received 756 rubles per share in dividends. Thus, the total amount of dividends reached 8.7 billion rubles. Shareholders have also discussed a strategic development program until 2026. It is intended to invest over $700 million. (Ukrainian metal)
The melting-foundry complex of VSMPO-Avisma has disassembled its Retek plasma furnace melting chamber. This is the largest plasma furnace in the world. Preparatory work lasted for 3 days. Now the chamber has to be moved out of the shop. In the shop No. 41 the company will separate ferrous metal of the chamber from the…
The net profit of the Russian titanium giant VSMPO-Avisma soared by 70%, to 6.996 billion rubles in January-March, as calculated under Russian Accounting Standards (RAS), the company said. Revenue increased by 13.6%, to 20.486 billion rubles, and gross profit by 3%, to 7.289 billion rubles. The pretax profit grew by 70%, to 8.737 billion rubles.…
In 2019 VSMPO-Avisma intends to increase output to 38 thousand tons. After a drop of 2017 (28.8 thousand tons), the manufacture is expected to grow by a third. Earlier the corporation planned to increase output from 33.7 thousand tons to 35 thousand tons. (Ukrainian metal)
In 2018 VSMPO-Avisma net profit grew by 11.3%, to $244.5 million. EBITDA increased by 10.9%, to $650.2 million, and revenue – by 7.3%, to $1.617 billion. Sales revenue dropped by 3.1%, to $926.5 million. The corporation fixed liabilities increased by 2.5%, and as of December 31, 2018 totaled $1.719 billion, while current liabilities grew by…
In 2019 VSMPO-Avisma investment plan will exceed 13 billion rubles. According to the company statement, some 2 billion rubles will be spent on the modernization of machinery in the smelting shops Nos. 31 and 32. The development of the sheet-rolling shop No. 16 will receive 3.2 billion rubles, stamping and forging complex of the shop…
