VSMPO-Avisma to invest $250 million in 2011

According to investment program VSMPO-Avisma plans to invest $500 million in modernization till 2015.

According to Michael Voevodin, financial indicators of 2011 should pick up as compared to the previous year. He has explained it to that «We have  a confidence that growth of output will reach at least 20% against the results of 2010», he said.

VSMPO-Avisma Corporation is the largest world titanium producer. The enterprises of the corporation, are connected by a uniform technological chain; tthe otal number of employees exceeds 22 thousand.  Export supplies account for 70 % of output, 30% are supplied to the domestic market. The basic consumers of VSMPO-Avisma products are the largest world aviation companies.