‘The company adopted a five-year, full-scale strategic development and investment program in 2007. However, it made sense under the current circumstances to prolong the program until the year 2015. This will make it easier for the enterprise to cope with the workload,’ VSMPO-Avisma’s General Director Mikhail Voevodin said in his interview to Novator.

‘One needs to be very aware of the situation we are in at the moment and of what to expect in the year 2010, 2011, and, possibly, 2012. According to our realistic forecasts, the next three years are going to be more or less the same economically. No uprise is to be expected, but we do hope our marketing departments won’t let our production output plunge any lower,’ Voevodin noted.

‘We are planning to sell 19,300 tons of titanium produce this year; this will actually be 29.5% less than the amount we sold in 2007 (the company’s most productive year so far,’ the executive added.