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Revenues declined VSMPO, but investment in production will continue?

The largest producer of titanium in the world corporation «VSMPO-AVISMA» in 2010 to invest in the production of 4.5 billion rubles. This was announced at a meeting with journalists the general director Mikhail Voevodin Corporation, ITAR-TASS reported.
Profit and revenue of JSC «Corporation» VSMPO-AVISMA «in 2009 were less than 10−12% in 2008. The situation is short-term and long-term loans as an index of investment attractiveness of the company now looks more positive than at the beginning of 2009
Last year in operation will be introduced a number of new industrial facilities, such as chlorine evaporation plant and power substation «Cosmos» on «AVISMA» (Perm Territory), as well as a new segment of the unique forging and stamping press and heat treatment section at VSMPO (Sverdlovsk region). According to Vojvodina, investment in production will be carried out within the framework of the loan allocated to the Savings Bank in 2009
With regard to the volume of orders for 2010, the corporation «VSMPO-AVISMA» received confirmation from the buyers for the production of 54% of the products formed from the original portfolio. Such a serious percentage of «hard» orders at the beginning of the corporation for the last five years, has for the first time. In general, in 2010 it is planned to produce 21 thousand. Tons of titanium products. This is 10% more than in 2009 g.
As explained Mikhail Voevodin, major corporate customers are still the aerospace giants Boeing and Airbus. «It is their long-term orders — for 5, 10, 15 years — make it possible today to live and grow," VSMPO-AVISMA, «- he concluded.

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