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Russian titanium monopoly will increase sales

30 March 2013
Russian titanium monopoly will increase sales

The leadership of the Russian Corporation «VSMPO-AVISMA» plans

in the current year to increase sales of titanium and products on its basis by 12%

from the level of last year. This figure takes into account the growth itself

the company and its subsidiaries, including foreign assets «NF&M

International», «Tirus» and «VSMPO Titan Ukraine». Thus, the growth

sales slowed down (in the past year, the Corporation improved figures 2011

year 34%).

Earlier it was reported that by the end of 2012 the revenue of «VSMPO-AVISMA»

increased by 10.3 billion rubles compared to the year before (with

figure 30.4 billion rubles to the level of 40.8 billion). While gross profit

titanium Corporation according to the accounts amounted to 15.7 billion rubles, which is 48%

more than the same indicator in 2011. Data on the net profit of VSMPO has improved

in the past year by 140%, reaching a volume of 7.3 billion rubles in comparison with 3.05

billion a year earlier. It is noteworthy that the analysts of the company

on expected volumes of goods in 2012 were met with

a high degree of accuracy: the Titan Corporation in its early estimates

sales relied on revenue in the amount of 39.5 billion rubles, and the increase in the net

profit (last year) to 130%.

OJSC «Corporation VSMPO-AVISMA» (Russia, basic

power in the towns of Verkhnaya Salda and Berezniki) is the world’s largest manufacturer

titanium-based alloys and products from them. In addition to this production, metallurgical

the organization launched production of billets of alloyed steel grades,

aluminum alloys and high-temperature compositions based on Nickel.

Today, about 70% of the production of titanium monopoly

exported. The company is constantly expanding sphere of influence, attracting

to cooperate with new partners, and regularly invests in the modernization

equipment. It is known that till 2015

management plans to invest in the improvement of titanium production

about 800 million U.S. dollars.

29 March 2013
30 March 2013