VSMPO Restructures Finances To Tap Rising Demand For Titanium

The intake of titanium by the global aviation industry is predicted to rise dramatically over this decade with the production of next-generation commercial jets made of advanced construction materials gearing up. Today, this industry consumes 40 percent of the world’s titanium supply. According to an independent analysis, demand for titanium in commercial aviation will increase from 42,000 metric tons in 2011 to more than 49,000 tons this year and then rise to 72,000 tons in 2016.

These statistics explain the recent financial success of Russia’s VSMPO-AVISMA (VSMPO), a specialist manufacturer of products made of titanium and aluminum alloys, steel and nickel. The company has two main sites, at Verkhnyaya Salda in the Sverdlovsk region and at Bereznyaki in the Perm region.