The consolidated investment budget of VSMPO-AVISMA Corp. gains 9.673bn rub. for 2014, the company informed.
7.5bn rub. will be invested in the building of the objects; about 2bn rub. will be spent on the realization of the AVISMA investment program.
At VSMPO the major portion of the funds will be invested in the realization of large projects. The investments are of strategic importance as far as on their basis the new objects will be built.
VSMPO-AVISMA Corp. (TIN 6607000556) is the largest producer of titanium-based products in the world. It has two production entities in V.Salda and Berezniki. The Company is included into Rostekh Corp. The share capital is equal to 11.53mln rub. split in 11529538 common stocks of 1 rub. par.
The 9-month 2013 net profit rose (RAS) 11.9% to 6.233bn rub. from 5.57bn rub. prior year; revenues being up 16.5% to 34.121bn rub. from 29.288bn rub.; profit from sales rallied up 23.37% to 9.144bn rub. from 7.412bn rub.; pretax profit - 7.88% fold to 7.594bn rub. from 7.039bn rub.