In 2019 VSMPO-Avisma intends to produce 35 thousand tons of titanium products, up by 4% YoY. Last year the corporation manufactured 33.7 thousand tons of titanium products, 40 thousand tons of spongy titanium and 4.5 thousand tons of aluminum. In the next 8 years (2019-2026) the enterprise intends to invest in its development some $700…
VSMPO is reconstructing vacuum arc furnaces Nos. 17 and 18 in the shop No. 31. After modernization they will be able to produce ingots with the weight of 4 tons as opposed to 2 tons previously. The work started in November 2018. In 13 months the furnaces have to yield the first ingots. (Ukrainian metal)
In 2018 VSMPO-Avisma received 89.069 billion rubles of revenue, up by 23% YoY. The sales profit grew by 40%, to 31.847 billion rubles. The sales of spongy titanium increased by 17%, to 33.7 thousand tons, valued at 18.789 billion rubles, down by 2%. EBITDA decreased by 1.4%, or by 989 million rubles. (Ukrainian metal)
The net profit of the Russian titanium giant VSMPO-Avisma fell by 1.8%, to 18.789 billion rubles in 2018, as calculated under Russian Accounting Standards (RAS), the company said in a report March 4. Revenue increased by 23%, to 89.1 billion rubles, gross profit rose by 31%, to 40.1 billion rubles, and sales profit grew by…
In 2018 VSMPO purchased and commissioned 80 units of new machinery. The company also repaired 280 machines, spending 850 million rubles. In particular, 15 mills were modernized, with 7 of them also capitally repaired. The most expensive was the modernization of the cold-rolling mill-2000 electric drives in the rolling shop No. 16. It cost 41…
At its manufacturing site in Verkhnyaya Salda in Sverdlovsk region, VSMPO-Avisma has commissioned a new site of bulk titanium rings treatment. Such rings are used in aviation engines. In 2018 the Fund of the industry development supported the corporation and provided it with 70 million rubles, with 30 million rubles more given by the Fund…
Under an investment program to run for 8 years VSMPO-Avisma intends to spend $700 million. According to the company CEO Mikhail Voyevodin, the reconstruction of the pipe-section and bar manufacture will absorb the most funds. “For the past 10 years we have been paying attention to flat rolled metal and stampings, while the shop No.…
In January-September VSMPO-Avisma decreased net profit by 5.3% YoY, to 14.3 billion rubles. Revenue grew by 9.3%, to 60.3 billion rubles. Gross profit increased by 17%, to 27.6 billion rubles. Sales profit totaled 21.8 billion rubles, up by 20.1% YoY. The company assets increased by 14.9%, to 160 billion rubles. (Ukrainian metal)