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#VSMPO-AVISMA Corporation increased titanium products output by 1.4% in 2014

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May 15 2015

According to the results of 2014, VSMPO-AVISMA Corporation increased titanium products output to 29,264 th. tons from 28,855 th. tons in the year before.

So, increase in production is equal to 1.4%. At the same time VSMPO continued increasing of the volume of value-added products. In particular, volume of die forgings production increased by 12%.

In comparison with 2007, output of die forgings and machined die forgings doubled; it can quadruple by 2018.  Currently, volume of machined die forgings is equal to 28% of total sales.

Total shipments of titanium products in 2014 decreased by 1.9%  to 29.353 th.tons. Export decreased by 13.5% to 15.564 th.tons; domestic deliveries increased by 15.6% to 13.789 th.tons. In particular, volume of products exported to USA is equal to 47%, to Europe - 43%.

Volume of investments in 2014 was equal to 5.094 bln.roubles, investment in research-and-development activity makes up to 360 mln.roubles. Major part of funds was channeled for value-added products and for development of forgings and machining capacities. It is expected that, implementation of this extended investment program will allow to increase production capacities by 30% by 2017-2018.

VSMPO-AVISMA Corporation is the largest titanium producer in the world supplying its products to aerospace and aircraft-building industries. VSMPO-AVISMA is the main supplier of titanium for Airbus Industrie and the second one for Boeing.