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#VSMPO-AVISMA is going to increase the output to 40,000 tpy

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March 16 2015

VSMPO-AVISMA Corporation is going to increase the output by one third to 40,000 tpy by 2020. Currently, the output is between 28,000 and 30,000 tpy of titanium ingots and forgings.

Mikhail Voevodin, the Corporation’s CEO, told Uralinformbureau that special attention will be paid to the increased share of value added products. Over 40% will be reserved by forgings in five years.

M. Voevodin also explained how the foreign currency fluctuations affect the economic health of the company. According to him, currently 60% of VSMPO-AVISMA products are exported, however the company is forced to buy imported equipment paying for it in dollars and euros.