VSMPO-Avisma is preparing to commission two Bost vertical turning and boring machines. They are assembled in the shop No. 2 and will be used to process bulk parts – billets with the length of 5 meters and rings with the diameter of 4 meters. So far the shop had to sent bulk components to the…
VSMPO-Avisma is reconstructing the sludge pipelines from the sludge tanks. The project was entered into the investment plan back in 2016. The company has created a new dam and used 12.8 thousand cubic meters of rock to make it. The sludge pipelines are 518 meters long. One line has already been tested and commissioned. The…
The shareholders of Russian titanium giant VSMPO-Avisma have approved paying 756 rubles per share, or 8.7 billion rubles, in dividends for January-June, the company said in a report on October 4. The record date is scheduled for October 12. VSMPO-Avisma paid 762.68 rubles per share in dividends for January-June 2017. State industrial corporation Rostec holds…
Ural Boeing Manufacturing, a joint venture of VSMPO-Avisma and Boeing, has commissioned a plant to produce titanium parts for American planes on the territory of the special economical zone Titanium Valley in Sverdlovsk region. The new plant carries out machining of titanium stampings for Boeing planes, including new models (737 MAX, 777 and 787). The…
The net profit of VSMPO-Avisma grew by 40% YoY, to $167.58 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said. Revenue increased by 3.3%, to $786.08 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 6.1%, to $317.52 million. (Prime/Ukrainian metal)
The net profit of VSMPO-Avisma fell by 0.9% YoY, to 8.716 billion rubles in January-June, as calculated under Russian Accounting Standards (RAS), the company said in a report on July 26. Revenue increased by 5.7%, to 38.282 billion rubles. Titanium sales grew by almost 6%, to 15,000 tons in the period. (Prime/Ukrainian metal)
VSMPO-Avisma has received a loan of 100 million rubles to create a site to process bulk titanium rings. 30% of the sum is provided by the Sverdlovsk-based Fund of industry development, and 70% – by the Federal fund. The company has started assembling the technological line. Vertical borers will be assembled to process titanium rings…
In 2017 VSMPO-Avisma share of exports to Europe increased to 47%. The corporation revenue dropped because of the ruble strengthening, to 72.4 billion rubles. Net profit reached 19.1 billion rubles, and EBITDA – 29.1 billion rubles. Titanium sales grew by 14%, to 28.8 thousand tons. Exports growth totaled 26%, with European countries accounting for 47%,…