VSMPO-AVISMA

VSMPO-Avisma to reduce investments into the modernization of production

VSMPO-Avisma Corporation will reduce investments into the development and updating of production to $120-150 million in 2016 at the current rate of exchange. Director General of the Corporation M.Voevodin stated. The company has a lot of foreign equipment.

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VSMPO-Avisma is not about to reduce investments

In 2016, VSMPO-Avisma plans to keep the volume of investment into the development and modernization of manufacture at about 8-10 billion roubles, director general M.Voevodin stated.
“We also have foreign equipment and our domestic equipment has foreign components. The prices depend on the currency exchange rate.

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VSMPO-Avisma to spend almost 1 bln roubles on capital repairs

​In 2015 VSMPO-Avisma will spend 978 mln roubles for the capital repair of equipment. In total over 450 units will be renewed.
According to the director for technical issues and repair of VSMPO-Avisma, Y. Semichev, repair works always require serious efforts and often the period of execution are postponed. Foreign currency rising in price makes its corrections. In fact the funds planned for equipment in the autumn 2014 are being changed. It takes time to approve new contracts.
The works on the equipment renewal at the enterprise are being held. The large-scale works are held at the shop #12. New heating furnaces, and 12 boring-and –turning mills produced in Czech are being installed there. Similar equipment renewal is held at the forge complex of the shop #21. The shop #16 will soon receive modern HAGC.
Large lots of equipment supply are expected for the new compressor station. All aggregates have been paid for and are on the way. Their assembly is planned for October 2015.

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Boeing and Airbus will increase purchases from "VSMPO-Avisma".

Boeing and Airbus will increase purchases from "VSMPO-Avisma".
The titanium company "VSMPO-Avisma" expects additional orders from Airbus and Boeing to load its capacities, which should grow by a third to 40 thousand tons by 2020. Currently both concerns account for over 60% of the exports of the Russian company and while the blocking stake of "VSMPO-Avisma" belongs to "Rostec", which fell under the sanctions, that does not stop cooperation with Western consumers. Analysts believe that any breach of contract with the "VSMPO-Avisma" would be too costly for the aircraft manufacturers.
"VSMPO-Avisma" has agreed to expand cooperation with the world's two major aircraft manufacturers Boeing and Airbus. For Airbus, the Russian company, which is its biggest supplier, has developed machined details for the production of A350XWB chassis - the newest widebody long-haul aircraft. Yesterday senior vice president of Airbus for the supply and materials, Olivier Coquille stated the item would be introduced into production during the year, while the supply would increase to the extent that, as would accelerate the production of the two major aircraft Airbus families - A350 and A320NEO. For Boeing "VSMPO-Avisma" will be a key supplier on the program of a new family of wide-body aircraft 777H.

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New chief to chair JV of VSMPO-Avisma and Boeing

The delegation of one of the key partners of VSMPO-Avisma, aircraft company Boeing, visited JV Ural Boeing Manufacturing (UBM) in Verchnyaya Salda town (Sverdlovsk region) to take part at the meeting of the Board of Directors and discuss ongoing projects.

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VSMPO-Avisma to supply titanium to Rolls-Royce

A subsidiary of “Rostech”, VSMPO-Avisma, agreed to supply its products to British Rolls-Royce, RIA Novosti reports.
The parties signed three agreements, $300 million of value in total. Supplies will start in 2016 and finish in 2025.

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"Rostech" to merge titanium with Telekom.

The state corporation will turn its transparent side to investors.
As "the Kommersant" informs, "Rostech" creates special structure, where it will share in assets attracting the investors. These are, for example, blocking stakes in the titanium "VSMPO-AVISMA" and Yota Devices, 100% of infrastructure-mayning "PT Global Resources". "Rostech" believes that the holding could raise funds through greater transparency. Experts agree that, given the diverse and often loss-making enterprises it will be easier for the state corporations to look for investors under "clear pool of assets".

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In 2014 VSMPO-AVISMA increases the production of titanium products.

In 2014 "VSMPO-AVISMA" increased production of titanium products to 29.264 thousand tons from 28.855 thousand a year earlier, according to a company report. Thus, the production growth was 1.4%. At the same time, in the reporting period VSMPO continued to pursue a strategy of increasing the share of products of deeper processing in production. In particular, the stampings growth was 12%.
Compared with 2007 the volume of manufacture of forgings and stampings with machining doubled and could increase by 4 times by 2018. Today 28% of the total sales volume are stampings after machining, the report informs.

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VSMPO-Avisma can do Avialeasing.

Manufacturer of titanium products VSMPO- Avisma enters the aviation market. It intends to acquire the latest foreign-made planes and lease them to airlines. VSMPO believes that the current economic situation is "a good time for these investments".

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Russia and Vietnam plan cooperation in titanium production

Russia is ready to cooperate with Vietnam in the field of titanium production, Minister of Industry and Trade D.Manturov stated during the visit of the Russian premier D.Medvedev to Vietnam. As the Minister noted, the world largest titanium producer VSMPO-Avisma is in Russia. It supplies titanium roll stock to the world largest leaders in aircraft construction, such as Airbus, Boeing and Bombardier.

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