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#VSMPO-AVISMA will spend 10 billion rubles on investment program in 2017

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January 20 2017

VSMPO-AVISMA Corporation plans to spend approximately 10 billion rubles on implementation of investment program in 2017, as announced in the company’s newspaper.

VSMPO-Avisma’s investment program in 2015 amounted to 6.7 million rubles; in 2016 it was forecasted that investments would be 8-10 billion rubles. The company has not disclosed the actual amount of investments in 2016 yet. It is said in the article that in 2017 “large amounts will be invested in flat-rolling complex to complete the investment project related to commissioning of plate leveling and annealing line (leveling machine, complex of furnaces, auxiliary equipment)”. Also, large investments in melting complex are planned. Another part of investments will cover purchasing of equipment for forging machining shop. The company’s investment program also includes upgrading of other production areas. VSMPO-Avisma is a monopolist in production of titanium and titanium products in Russia.

Kommersant in Yekaterinburg 

Interfax