VSMPO-Avisma had to evacuate 35 personnel of its facility in the Bereznyaki locality of the Perm region after 100 kilograms of molten chlorine salts spilled out of malfunctioning equipment, a source in the emergency services of the region reported. Two units of gas and smoke rescue service are at the site using special substances to…
The authorities of the Sverdlovsk region and the VSMPO-Avisma Corporation have concluded a special investment contract until 2023. According to the agreement the corporation will carry out modernization of its rolling complex in the city of Verkhyaya Salda valued at over 1.2 billion rubles. Following the modernization new jobs will be created and the titanium…
Revenue of the public stock company VSMPO-Avisma Corporation for 9 months of 2017 decreased by 1.4%, to RUB 55.115 billion from RUB 55.89 billion the year before, the company informed. The lower revenue is primarily attributable to the Russian ruble strengthening and a related reduction in the ruble equivalent of export revenue (the share of…
In January-September the net profit of VSMPO-Avisma dropped by 30% YoY, or by 6 billion rubles, to 15.09 billion rubles. Revenues decreased by 775 million rubles, to 55.1 billion rubles. Fixed liabilities increased from 39.1 billion rubles to 64.7 billion rubles. (Ukrainian metal)
The 23-ton hammer has resumed operation at the shop No. 3 of VSMPO-Avisma after capital repairs. In a month the main elements of the structure – steel pillars – have been replaced. On September 21 the commissioning of the hammer began. In a day, after all the minor malfunctions have been corrected, the hammer was…
VSMPO-Avisma decided not to invest into the expansion of Demurino Mining and Processing Works capacities to 50 thousand tons because of economical reasons. “At present we get 12-15 thousand tons of ilmenite. We won’t invest in the capacity increase”, the corporation CEO Mikhail Voevodin said. “When we bought DGOK, it already had a factory. Now…
The VSMPO-Avisma board of directors has recommended the shareholders to make a decision to pay dividends for the first half of 2017 in the volume of 762.7 rubles per ordinary share. In H1 2016 VSMPO-Avisma dividends totaled 816 rubles per share, thus this year they could decrease by 6.5%. The decision on dividends will be…
5 ultrasonic testing units by ScanMaster and BiA have been assembled at the forging complex in the town of Verkhnyaya Salda. Investments totaled 2.7 million euro (188.6 million rubles). VSMPO plans to unite all the ultrasound testing units in one place. For this in July the company started moving 8 units from the south extension…