Revenue at VSMPO-AVISMA increased by 27%

24.05.2013 — News

SVERDLOVSK REGION

Between January and March of 2013 revenues from the core businesses of VSMPO-AVISMA Corporation, OJSC amounted to 10.24 billion rubles, which is 27% more than during the same period last year.

The corporation’s press office told RusBusinessNews that this increase was due to a 2% rise in shipments of titanium and magnesium products, a change in the sales structure, and a 13% jump in the factory sales price.

In the first quarter of 2013, labor productivity at VSMPO-AVISMA also improved, amounting to 529,000 rubles per person. This is 19% higher than during the same period in 2012.