July 14 VSMPO-AVISMA/Boeing prolonged a long-term contract on the titanium rolled products shipment, the company informed.
In line with a document the Company prolongs delivery of titanium to Boeing and its suppliers and provides servicing support of this contract through its global distributing network.
The first contract between the parties was signed in 1997. In 2009 they founded JV (Ural Boeing Manufacturing (UBM) at par.
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.
The 2013-net profit (IAS) 39.35% moved up to gain $279.696mln from $200.712mln; revenues added 14% to come to $1.612bn from $1.414bn; operating profit - 31.21% to $388.704mln from $296.248mln; pretax profit - 30.86% to $347.822mln from $265.79mln.