VSMPO-AVISMA is investing USD 800 million in its development
21.09.2011 — News
In 2011-2015, the VSMPO-AVISMA Corporation, OJSC, will earmark about 800 million US dollars for expansion and upgrading of its production.
The VSMPO-AVISMA Corporation press service has informed RusBusinessNews that the investment program is aimed to increase production output of ingots, forgings and billets, machined forgings and flat rolled products. VSMPO-AVISMA intends to expand manufacturing of rolled and welded tubes, ingots from aluminum alloys for needs of the aircraft-building industry.
The first results of the modernization can be seen already in 2011: The corporation will manufacture about 27 thousand tons of titanium products, thus exceeding the last year performance by 22%.
VSMPO-AVISMA is expanding its cooperation with the existing partners and is interested in entering new markets. For example, the corporation has signed new contracts with Airbus, Goodrich, Pratt & Whitney Canada and opened its representative office in China.
|Regions||Project participants||Investment projects||Consulates and Trade Offices||News and Analysis||About the Project|
© RusBusinessNews, 2009.
All rights reserved.
Establishing a hyperlink to RIA RusBusinessNews is required for using any of the material published on this website.
News and analytical reviews are translated into foreign languages by the TRANSLIT Translation Agency
|«Sum of technologies»®