VSMPO-Avisma to invest 2.6 bln rbl in mechanical processing equip - Metals & Mining - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

VSMPO-Avisma to invest 2.6 bln rbl in mechanical processing equip

MOSCOW, Nov 16 (PRIME) -- Russian titanium producer VSMPO-Avisma plans to invest 2.6 billion rubles to develop mechanical processing capacities, the company said in a statement on Monday.

“The project encompasses construction of 13 mechanical processing units in the facility for mechanical processing of rings and discs. As of today, we have started construction of the first processing unit … that would be focused on processing of rings with diameters of up to four meters,” the statement read.

The machine will be launched in late January 2021. The company expects to finish the project in October–December 2021, and pay for the equipment in installments until 2022.

(77.3262 rubles – U.S. $1)

End %%md/jst%%

16.11.2020 11:04
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 90.0291 +0.1411 27 nov
USD 75.4518 -0.0209 27 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1224.65 -1.11 14:14 13 nov
micex 3014.25 -0.38 14:14 13 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 179.33 +3.71 13:59 13 nov
lkoh 4854.50 +0.03 13:59 13 nov
rosn 414.30 +0.49 13:59 13 nov
sber 241.46 -0.26 13:59 13 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 91.6275 +0.5075 13:59 13 nov
USDTD 77.4900 +0.2550 13:59 13 nov