VSMPO-AVISMA
 | |
Native name | ПАО "Корпорация ВСМПО-АВИСМА" |
|---|---|
| Type | Public Joint Stock Company |
| MCX: VSMO | |
| Industry | Metallurgy |
| Founded | 1933 |
| Headquarters | Verkhnyaya Salda, Russia |
Key people | Maxim V. Kuzuk () |
| Products | Titanium Aluminum Magnesium |
| Revenue | $1.63 billion[1] (2019) |
| $361 million[1] (2019) | |
| $321 million[1] (2019) | |
| Total assets | $5.52 billion[1] (2019) |
| Total equity | $2.94 billion[1] (2019) |
Number of employees | 19 353 |
| Parent | Rostec |
| Website | www |
VSMPO-AVISMA Corporation (Russian: ВСМПО-АВИСМА) is the world's largest titanium producer. Located in Verkhnyaya Salda, Russia, VSMPO-AVISMA also operates facilities in Ukraine, England, Switzerland, Germany, United States and poselok Beryozovsky. The company produces titanium, aluminum, magnesium and steel alloys. VSMPO-AVISMA does a great deal of business with aerospace companies around the world, such as Boeing and Airbus.[2]
VSMPO stands for VerkhneSaldinskoye Metallurgicheskoye Proizvodstvennoye Ob'yedineniye (Верхнесалдинское металлургическое производственное объединение, or Metal-producing company of Verkhnyaya Salda; and AVISMA for AVIatsionnyye Spetsial'nyye MAterialy or Aviation Special Materials),
History[]
After Rosoboronexport obtained an 66% stake in October 2006 of VSMPO-Avisma, Sergey Chemezov became chairman of VSMPO-AVISMA in November 2006.[3]
On 27 December 2007 US Boeing and VSMPO-AVISMA created a joint venture Ural Boeing Manufacturing and signed a contract on titanium products deliveries until 2015. Boeing planning to invest 27 billion dollars in the production of titanium parts for its needs.[4]
The company is a key organizer of the Titanium Valley project.
In November 2021, “VSMPO-AVISMA” and Boeing signed an agreement to increase producing capacity of JV Ural Boeing Manufacturing (UBM) as well as project investment cost of R&D sector. The agreement maintains the role of “VSMPO-AVISMA” as the biggest titanium supplier for Boeing.[5]
In November 2021, the Arbitration Court of Sverdlovsk Oblast ordered to the company to pay 651 million roubles for pollution on ground area of 347538 square meters pro rata to Federal Service for Supervision of Natural Resources legal action.[6]
Related organizations[]
Subsidiaries[]
- CJSC Tube Works VSMPO-AVISMA
- VSMPO-Tirus UK
- Redditch, United Kingdom [1]
- VSMPO-Tirus UK is VSMPO-AVISMA's sales and distribution centre for UK customers.
- VSMPO – Tirus GmbH
- Frankfurt-am-Main, Germany
- VSMPO-Tirus US [2]
- Highlands Ranch, Colorado (Head Office)
- Leetsdale, Pennsylvania (Eastern production center)
- Ontario, California (Western production center)
- VSMPO Tirus AG
- NF&M International
- Monaca, Pennsylvania
References[]
- ^ a b c d e "Consolidated Financial Statements for the year ended 31 December 2019" (PDF). VSMPO-AVISMA. 25 March 2020. p. 74. Retrieved 25 March 2020.
- ^ http://www.vsmpo.ru/ VSMPO-AVISMA Corporation Index
- ^ Фрумкин, Константин (Frumkin, Konstantin) (25 December 2006). "Чеболь по-русски: 2007 год станет годом продолжения экспансии госкорпораций" [Chaebol in Russian: 2007 will be the year of continued expansion of state corporations]. Компании Деловой Еженедельник (ko.ru) (in Russian). Archived from the original on 14 January 2007. Retrieved 11 August 2021.
- ^ "Корпорация ВСМПО-АВИСМА". Archived from the original on 21 July 2011. Retrieved 21 July 2011.
- ^ "ВСМПО-Ависма и Boeing договорились о расширении сотрудничества" (in Russian). Коммерсантъ. 15 November 2021.
- ^ "ВСМПО-Ависма должна возместить 651 млн руб ущерба от загрязнения почв" (in Russian). Интерфакс. 27 November 2021.
External links[]
- Mining companies of Russia
- Steel companies of Russia
- Mining companies of the Soviet Union
- Non-renewable resource companies established in 1941
- Companies listed on the Moscow Exchange
- Rostec
- Companies based in Sverdlovsk Oblast
- 1941 establishments in the Soviet Union
- Manufacturing companies established in 1941
- Titanium companies