In 2016 VSMPO-Avisma received 26.633 billion rubles of net profits, up 1.8-fold YoY. Revenues increased by 4.9%, to 76.2 billion rubles, sales profits – by 1.4%, to 30.27 billion rubles. The company fixed liabilities dropped by 15.9%, to 41.495 billion rubles, current liabilities – by 16.1%, to 31.672 billion rubles. By 2021 the company intends…
The VSMPO-Avisma board of directors has recommended the shareholders to decide on the distribution of 2016 profits. In 2016 the company net profits reached 26.6 billion rubles, with the additional net profits of previous periods at 2.4 billion rubles. The board suggested paying a part of the undistributed profits for 2016 (15.07 billion rubles) as…
VSMPO-Avisma is negotiating the prolongation of its contract with Airbus. The corporation currently has some 3 score long-term contracts, including some for 10 years. “The Airbus contract expires in 2020, and we have already started negotiations to prolong it. Contracts with Boeing have recently been prolonged to 2022 and 2025”, VSMPO-Avisma marketing and sales deputy…
In 2016 VSMPO-Avisma received 26.633 billion rubles of net profits, up 1.9-fold YoY. In 2015 the corporation profits totaled 14.4 billion rubles against 4 billion rubles in 2014. VSMPO-Avisma revenues in 2016 increased by 5%, to 76.2 billion rubles. Sales profits increased by 3%, to 30.3 billion rubles. (Ukrainian metal)
In 2016 VSMPO-Avisma, the leader of the Russian titanium industry and the largest taxpayer of the Sverdlov region, increased net profits 1.8-fold YoY, from 14.8 billion rubles to 26.6 billion rubles. The revenues totaled 76.2 billion rubles, up by 4.9% YoY. The net profits were influenced by the growth of the dollar exchange rate resulting…
VSMPO-Avisma has signed the acceptance report on the new ring-rolling mill to make products of titanium alloys for engine manufacturing. With the new mill the corporation will be able to produce titanium rings with highly complex outer and inner sections. The mill can produce rings with up to 3500 mm diameter. (Ukrainian metal)
Mashprom (Yekaterinburg) is supplying and assembling machinery for titanium plates to the sheet-rolling complex of VSMPO-Avisma. The line is expected to be put into operation in the nearest future. Delivery and assembly of the equipment are carried out in full accordance with the schedule. VSMPO-Avisma should start operating the new line in August. (Ukrainian metal)
VSMPO-Avisma has increased its business-plan for 2017 by 11.5% as compared with the plan for 2016. According to the company statement, all the titanium divisions have enough orders. The company also implements a new planning tool. “The idea is that we will be able to see the production picture more clearly and we will know…