Russian titanium firm VSMPO sees bright future on aerospace boom
VERKHNYAYA-SALDA, Russia, Dec 2 (Reuters) – Russia’s VSMPO-Avisma, the world’s biggest producer of titanium, expects profits to rise 25 percent to some $250 million this year due to robust demand from the aerospace industry, the firm’s key customer.
While industrial metals-producing peers struggle with rock-bottom prices, business is booming for VSMPO with the recent signing of potentially lucrative deals with U.S. firms Boeing Co and Alcoa.
Read more at: http://in.reuters.com/article/2013/12/02/titanium-vsmpo-idINL5N0J71Q120131202
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