Market Analysis

Profits and revenues OAO VSMPO-Avisma in 2009 were lower than the previous, 2008, the year of 10-12%. Told reporters CEO Mikhail Voevodin. He also added that the situation for short-term and long-term credit, as an indicator of investment attractiveness of the company, now looks more positive than at the beginning of 2009.

In 2009, Sberbank, the corporation has allocated an investment loan of $ 300 million for 5 years, 4.5 billion rubles of which will be invested in the production of VSMPO-Avisma during 2010. At the same time will be put into operation a number of new industrial facilities, such as the evaporation of chlorine station and the energy sub-station "Kosmos" on Avisma, as well as a new segment of the unique forging and stamping press and a plot of heat treatment on VSMPO.

In the second half of 2009 the corporation managed quite effectively change the structure of the loan portfolio. Has received a number of solid volume of loans of three years. Compared with the prevailing earlier package of short-term (repayment period of up to one year) loans, this will improve the financial position of VSMPO-Avisma. In addition, during 2009 the credit portfolio of the corporation has been reduced by 30 million.

As the volume of orders in 2010, the VSMPO-Avisma received confirmation from buyers to produce 54% of products formed from the original portfolio. Overall, in 2010 is planned to produce 21 thousand tons of titanium products. This is less than in 2008, but 10% more than in 2009.

As explained Mikhail Voevodin, the main clients of the corporation remain aerospace giants BOEING and AIRBUS. It is their long-term orders, for a period of five, ten, fifteen years old today can live and develop VSMPO-Avisma.

As for Russian producers, they are mainly working with the corporation in the plane of the short, no more than a year of orders. Such buyers have today VSMPO-Avisma and international industrial market. This is the production of electrodes, ingots, rolled products, tubular products. Even despite the tip of a large order from Russian producers, in 2010 the market share of total Group sales doubled: from 20 to 40%.

As high-tech aviation and space market, there is the volume of production of titanium forgings to grow by 10-15%.
The increased interest can the papers of "Gazprom": tomorrow the company will publish its financial results for the third quarter of IFRS
Felix Evtushenkov elected Chairman of the Board of Directors of the IBRD
FCS: Russia"s imports of goods from foreign countries for December 2009 decreased by 36,9% to $ 145 333 million
Wednesday promises to be interesting and eventful day
Review of the FOREX market for 26.01.10
Forex Market 27/01/2010
The economy has fallen to one-seventh
Greece offers to China to buy its bonds at 25 billion euros
Members quarreling out of turn

Company News