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VSMPO-Avisma is ramping up production of titanium products

The Russian leader titanium manufacturer in 2014 produced 29,264 tons of titanium products. In 2013, the volume reached the level of 28 855 tonnes, indicating that the increase in production of 1.4%. At the same time, the report points to the company's continued implementation of the strategy to expand the share of products of deeper processing. Thus, the increase in the proportion of titanium forgings 12%. Regarding indicators of 2007, the number of manufactured stamping has increased in 2 times. By 2018, the volume can be increased fourfold. According to the company to date stamping machining up to 28% of total sales.

Last year, the volume of shipments declined VSMPO-Avisma to the level of 29 353 tonnes, representing almost 1.9%. Exports reached 15,564 tonnes, a decrease of 13.5%. The share of European sales were 43%, USA — 47%. Domestic shipments totaled 13,789 tons, an increase of 15.6%.

The investment program of the corporation in 2014 included investments at the level of 5.094 billion. RUB. Investments in research and development activities amounted to approximately 360 million. RUB. Most of the funds were aimed at increasing the depth of processing, development of machining and forging capacities. Experts believe that the implementation of this investment program will increase production capacity by 30% to 2017−2018gg.

VSMPO-Avisma is the undisputed leader in the manufacture of titanium products. Designed for the most part it is for the Aerospace segment. The Russian company is a major supplier of titanium for «Airbus Industrie». Another major buyer of Russian products — Boeing Company. This Avisma continues to increase its production capacity. The corporation plans — development Volchansk titanium-mine in the Dnipropetrovsk region. The project will start in late 2015. The field's reserves, including ilmenite, rutile, zircon and other minerals, estimated by experts at 5 million. tons.

Earlier Russian corporation expects to begin development of the field in 2016. The maximum annual production capacity of 50 000 tonnes is expected to be achieved by 2018. Shifting the timing of specialists explained fully available to carry out the project. However, the reservation had been made about the situation in Ukraine, which may influence the development of the mine.

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