VSMPO-AVISMA

VSMPO-AVISMA holds an annual General Meeting of Shareholders.

During the annual General Meeting of Shareholders of VSMPO-AVISMA held on May 23, 2017, the annual financial statements and the Corporation's annual report for 2016 were approved, the company&#

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VSMPO-Avisma reduced net profit in Q1

In Q1 2017 VSMPO-Avisma made a net profit of 5.07 bln roubles which is by 34% lower than in Q1 2016.

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VSMPO-Avisma’s Board recommends paying 15 bln rubles of dividends

The Board of Directors of the largest titanium producer in the world the Russian corporation VSMPO-Avisma has recommended its shareholders at the annual general meeting to decide to pay dividends f

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Profit of VSMPO-Avisma under RAS almost doubled in 2016

Corporation VSMPO-Avisma PJSC increases profit. The net profit under RAS in 2016 grew by 1.9 times to 26.633 bln roubles against 2015.

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VSMPO-Avisma plans to increase titanium products output

In 2016, the VSMPO-Avisma corporation made the net profit under the RAS in the amount of 26.633 billion rubles, which is almost 1.8 times more than in 2015.

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VSMPO-Avisma to spend 10 bln roubles for investment in 2017

VSMPO-Avisma has approved the investment plan for 2017.

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VSMPO-Avisma not to reduce supplies

The total volume of supply of titanium products of VSMPO-Avisma in 2016 might stay at the level of 2015 – 28-29 thousand tons, the CEO M. Voevodin said.

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VSMPO-Avisma to pay interim dividends

The Board of Directors of VSMPO-Avisma has decided to hold the extraordinary meeting of shareholders on September 21st 2016 in the form of absent voting.

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VSMPO-Avisma Corporation plans to put into operation phlogopite

VSMPO-Avisma plans to put into operation the site on production of fluoroflogopite casting in 2017, and invest approximately 240 million roubles, they stated in the press-service of the company.
“Implementation of the project at AVISMA started in 2004-2005. The funding stopped at the height of economic slowdown in 2008 and they returned to the project only in 2013.

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Titanium production reduction is not in plans of VSMPO-Avisma

VSMPO-Avisma plans to support the level of titanium production at 28 thousand tons a year during the next 7 years. It is stated in the materials of company’s consolidated financial statements for 2015.

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