Manufacture of titanium slabs and ingots

[] Home Contacts Manufacture of titanium slabs and ingots Manufacture Titanium Slabs, Ingots Titanium bars manufacture Titanium materials FIKO Ltd is a private industrial company owning titanium mill producing titanium ingots and slabs with their further working into rolled titanium materials: bars, tubes, sheets, plates, wire. Titanium bars Titanium sheets Titanium tubes Production Slabs Titanium Ingots Grade-1/Grade-2 Ingots Ti 6AL 4V Ingots, bars Ti 5V Rotterdam Stock (ingots Ti6AL/4V) Titanium Bars and Wire Titanium Sheets Titanium Tubes Titanium Tanks Services Titan post Ultrasonic inspection and control Manufakture and supply of titanium slabs Titanium forged slabs Our prime production are titanium ingots and slabs single melted by electron-bean method. Our group is represented in the world titanium market for about 15 years not machined titanium ingot We supply our products to Germany, France, Finland, Switzerland, Italy, Japan, China, South Korea, Turkey, India and other markets. The range of titanium goods we can offer from our two warehouses - in Kiev (Ukraine) and Rotterdam (The Netherlands) includes: titanium ingots, titanium slabs titanium bars , forgings , circles titanium sheet, titanium plates machining of titanium ingot Under your order we can: : 1) produce titanium ingots and seamless titanium tubes 2) design and manufacture the unique equipment with your drawings from titanium, stainless steel or other non-ferrous metals 3) design and fabricate electron-beam facility - from laboratory furnace to industrial facility 4) supply spare parts for electron-beam furnace: guns VTR-600, vacuum system, power supply system and other Astron provides profit guidance and business outlook Astron Limited (ASX: ATR) Monday announced profit guidance for the year to 30 June 2008. Astron is expecting net profit for FY08 to be approximately $128 million. This result reflects proceeds from the sale of the Astron China businesses settled on 4 February 2008, as well as a review of carrying values of remaining assets and the operating results of the sold businesses to 4 February 2008. With the main profit generating businesses in China sold, Astron’s profit outlook for the next year to June 30 2009 is estimated to be approximately $8 million, from investment income and some trading activity, offset by overheads. The Company’s cash position at the end of June 2008 is expected to be very strong at around $180 million. China Update – Astron Titanium Industrial Park In China, the Company purchased an industrial land site from the Government in June 2008. The 133.2ha site, to be named Astron Titanium Industrial Park, is located in the Yingkou Coastal Development Zone in Liaoning province in the North East of China. Retention of the full land parcel requires Astron to complete development of the site, and Astron plans to do this by combining its own investments and complementary investments by third parties. At the Astron Titanium Industrial Park, Astron will develop a Mineral Separation Plant, which was previously planned to be located in Bayushan. Also on the site, Astron intends to build a trial processing plant for the Company’s new Zirconium Opacifier “Zirpaque” plant. These projects will be a significant step in the development and establishment of the Donald mineral sands project in Australia. The total additional investment to complete these initial projects will be approximately $30 million. Investment expenditure for the land and project expense to date on these projects is approximately $25 million. Other planned investments by Astron in this Industrial Park are the foreshadowed TiO2 Pigment plant and Zirconium Oxy-chloride Fumed Silica plants. Environmental approvals and staffing issues are presently delaying the TiO2 project but the Company is hopeful that these issues will be resolved soon. Construction at the Industrial Park is expected to commence later this year. Australia Project Update – Donald Mineral Sands Mining Project In Australia, the Donald Mineral Sands mining project is nearing the end of the Environmental Effect Statement (EES) process, with the Panel Hearing completed. A decision to proceed with this development and its timetable will be made after completion of the EES process and the successful operation of the related Processing Plants in China. Capital expenditure to date for this project is approximately $20 million. – Press Release VSMPO-Avisma signs $4bln deal VSMPO-Avisma, the world's largest titanium producer, said Monday that it has signed a deal to supply up to $4 billion in titanium products to Airbus and its parent, EADS, through 2020. VSMPO-Avisma, controlled by state conglomerate Russian Technologies, said in a statement that the deal would cover the supply of round and flat rolled titanium products and stampings for contemporary Airbus models. It said products would be supplied to titanium wire other divisions of EADS and that the three firms would consider further cooperation with a view to vertically integrating production from raw materials through to finished products. VSMPO-Avisma, which has production facilities in the Ural Mountains, exports about 70 percent of its products and also counts U.S. aviation giant Boeing among its main customers. Universal Stainless to raise retail prices Steel producer Universal Stainless & Alloy Products Inc. said Friday it will raise retail prices by 3 percent to 5 percent on all stainless and high-strength low alloy grade products made at its Bridgeville and Dunkirk facilities. The increase will be effective on all orders starting June 1, the company said. The company added that current material and energy surcharges will remain in effect. titanium sheets Universal Stainless said it had to raise prices to offset the impact of higher energy and operating supply costs. – Associated Press Manufacture of titanium materials in Ukraine Fiko titanium ingots are produced at Fiko Electron-Beam Metallurgical plant and are melted into following titanium materials: titanium tubes, wire, bars, sheets and plates. Titanium bars are manufactured together with Joint-Stock company SUMY FRUNZE NPO and JSC DNEPROSPETSSTAL. JSC DNEPROSPETSSTAL specializes in output of stainless materials such as stainless sheets, stainless tubes and stainless bars. Fiko ltd cooperating with several plants such as titanium ingots VSMPO-AVISMA Corporation, Nikopol titanium works in Dnepropetrovsk manufactures titanium tubes. Chelyabinsk Sells to Ukraine Chelyabinsk Zinc Plant, producer of about 60 percent of the country’s zinc, started direct sales to Ukraine and Belarus, the company said in a statement Tuesday. It will ship 5,300 tons to the Ukraine and 500 tons to Belarus in 2007, the company said. The zinc producer started sales to the Britain earlier this year and plans to ship 6,000 tons of the metal to the country in 2007. Shipments will more than triple to 20,000 tons next year, the company said. Severstal Opens U.S. Mill Severstal, the country’s largest steelmaker, started production at the 1.5-million-ton SeverCorr steel mill in Columbus, Mississippi, the company said in a statement on its web site Tuesday. SeverCorr, a venture with a team of U.S. steel executives, is producing steel for cars, pipes, construction and machines, the steelmaker said. SeverCorr will benefit from being close to new car plants being built in the south of the United States, the company said. Russia Increases Export of Non-ferrous Metals As indicated by the analysis of non-ferrous metal exports for 9 months of 2007, Russia exported 178.1 thousand tons of refined copper, including 175.1 thousand tons to overseas countries and 3 thousand tons to CIS countries. Foreign supplies of nickel in January-August amounted to 166.8 thousand tons, most of which were shipped outside of CIS countries. Export of aluminum reached 2.588 million tons. Non-ferrous Metallurgy Needs Innovative Technologies The IV international scientific and practical conference 'Modern Technologies in Non-ferrous Metals Production and Processing' will be held on November 15, in the frame of the exhibition 'Metall-Expo 2007'. The issues proposed for the discussion include prospective technologies of copper and zinc production, use of innovative metal cutting equipment for cold and hot cutting of titanium and nickel alloys, methods of processing of different metallurgical wastes, use of aluminum alloys in automotive industry. TIMET is the main manufacturer of titanium ingots in USA. Titanium ingots are melted by electron-beam method Titanium ingots are melted by vacuum arc method TIMET manufacture following titanium materials from titanium ingots: titanium bars, titanium tubes, titanium wire, titanium sheets and titanium plates. VSMPO-AVISMA Corporation is the main manufacturer of titanium ingots and all kinds of semi finished items (titanium bars, titanium tubes, titanium wire, titanium sheets and titanium plates) from titanium alloys in Russia. FIKO LTD is the main manufacturer and supplier of titanium ingots and all kinds of semi-finished items (titanium bars, titanium tubes, titanium wire, titanium sheets and titanium plates) from titanium alloys in Ukraine. Fiko ltd manufactures titanium ingots of following titanium grades: titanium ingot Grade 1, titanium ingots Grade 2, titanium ingot Ti6Al/4V and titanium ingot Alloy 5V. Fiko ltd cooperating with other mills produce titanium bars, titanium tubes, titanium wire, titanium sheets and titanium plates from its titanium ingots. TIMET and Carpenter Technology enter into long-term joint supply and processing agreements Titanium Metals Corporation ("TIMET") and Carpenter Technology Corporation Thursday announced joint agreements under which TIMET will supply Carpenter with titanium metal and scrap melting services and Carpenter will provide specialized titanium conversion processing to TIMET. Under the supply agreement, TIMET will supply Carpenter with titanium metal and toll melting services for Carpenter's titanium scrap at agreed upon prices for a minimum of 12 years and a maximum of 20 years. Under terms of the processing agreement covering the same period, Carpenter will provide TIMET with forging and related processing services at agreed upon prices for TIMET's titanium products. Financial terms of the two agreements were not disclosed. Steven L. Watson, Vice Chairman and Chief Executive Officer of TIMET, said "We are very pleased to expand our relationship with Carpenter by entering into these mutually beneficial agreements. TIMET will gain access to significant forging capacity that will allow us to continue to serve the expanding needs of our customers under long-term agreements. These strategic agreements further demonstrate TIMET's commitment to achieve profitable growth for our shareholders by adding production capacity in a cost efficient manner and leveraging our position as a leading producer of titanium mill and melted products." "These agreements provide considerable benefits to both companies and to our customers," said Anne L. Stevens, Chairman and Chief executive Officer of Carpenter. "We are excited about the opportunity to work jointly with TIMET which is one of the premier companies within the titanium industry." "Together, these agreements help to utilize capacity and increase the operating efficiency of Carpenter's processing operations in Reading, Pennsylvania and represent a long-term source of titanium for our Dynamet subsidiary. The agreements leverage the capabilities of Carpenter and TIMET and set an example of the productive collaborations Carpenter will pursue as part of its strategic growth plan," said Stevens. TIMET and Carpenter Technology enter into long-term joint supply and processing agreements Titanium Metals Corporation ("TIMET") and Carpenter Technology Corporation Thursday announced joint agreements under which TIMET will supply Carpenter with titanium metal and scrap melting services and Carpenter will provide specialized titanium conversion processing to TIMET. Under the supply agreement, TIMET will supply Carpenter with titanium metal and toll melting services for Carpenter's titanium scrap at agreed upon prices for a minimum of 12 years and a maximum of 20 years. Under terms of the processing agreement covering the same period, Carpenter will provide TIMET with forging and related processing services at agreed upon prices for TIMET's titanium products. Financial terms of the two agreements were not disclosed. Steven L. Watson, Vice Chairman and Chief Executive Officer of TIMET, said "We are very pleased to expand our relationship with Carpenter by entering into these mutually beneficial agreements. TIMET will gain access to significant forging capacity that will allow us to continue to serve the expanding needs of our customers under long-term agreements. These strategic agreements further demonstrate TIMET's commitment to achieve profitable growth for our shareholders by adding production capacity in a cost efficient manner and leveraging our position as a leading producer of titanium mill and melted products." "These agreements provide considerable benefits to both companies and to our customers," said Anne L. Stevens, Chairman and Chief executive Officer of Carpenter. "We are excited about the opportunity to work jointly with TIMET which is one of the premier companies within the titanium industry." "Together, these agreements help to utilize capacity and increase the operating efficiency of Carpenter's processing operations in Reading, Pennsylvania and represent a long-term source of titanium for our Dynamet subsidiary. The agreements leverage the capabilities of Carpenter and TIMET and set an example of the productive collaborations Carpenter will pursue as part of its strategic growth plan," said Stevens. China's non-ferrous sector downbeat for 2nd half China's nonferrous metals industry will remain downbeat in the second half of this year, with rising costs and weak consumption, according to a report by the China Nonferrous Metals Industry Association (CNMIA) released July 17. CNMIA's pessimistic estimate is based on a range of internal and external factors. By and large, increasingly expensive raw materials, labor and electricity are pushing up production costs, while downstream consumption will remain slack, hindered by a weakening global economy, an appreciating Renminbi and government export restrictions, the CNMIA said. Regarding the prospects of the nonferrous metals industry in the second half of this year, CNMIA estimates that output will continue to grow, with combined production of 10 major nonferrous metals, namely titan copper, aluminium, lead, zinc, nickel, tin, antimony, mercury, magnesium, and sponge titanium, expected titanium increase by approximately 15% year-on-year. According to the report, Chinese nonferrous metal producers generally saw their profits slide during the first five months of this year, and this trend is likely to continue into the latter half of the year thanks to growing titanium sheet production costs and falling prices. Due to a market surplus in the first half of the year, the prices of lead, zinc, aluminum and nickel all suffered falls, and the CNMIA is not optimistic about the situation changing in the second half. The report indicated that the total volume of imports and exports of titanium bar nonferrous metals will also continue to slide, while the trade titanium ingots deficit is set to expand. In addition, a report on the country's nonferrous metals industry released by the National Development and Reform Commission (NDRC) on July 14, said that combined profit growth for 73 major producers and traders of nonferrous metals in the first four months of this year decreased by 7.25% on an annual basis, and that a titanium bars, titanium tubes, titanium wire, titanium sheets and titanium plates) from titanium alloys growing number of smelters are losing money. The NDRC is considering taking counter-measures to ease the situation, according to the report. Interfax commentary: Output of various nonferrous metals in China has been an issue which has made headlines in the lead up to the summer. Suggestions of production cuts for aluminum, lead and zinc have been been aired, only to be rejected as being unlikely to follow through. Whatever the NDRC's counter-measures may be, a weakening global economy and weakening demand from the globe's biggest consumer are suggesting that there is only one long-term answer to the surpluses of various metals – that market forces will have to be allowed to play their role, eliminating production when low price creates too tough an environment for all but the strongest players. Balasore Alloys net surges to 435% Balasore Alloys Ltd (BAL), a major player in the international Ferro Chrome market, has notched up an impressive growth of 435.59% in its net profit at Rs. 3329.11 lacs for the 15 months period ended 31st March, 2008, as compared with Rs.621.58 lacs recorded during the corresponding 15 months period ended 31st December, 2006. Turnover for the for the 15 months period ended 31st March, 2008 increased by 55.53% to Rs. 53085.62 lacs as against Rs. 34132.59 lacs during the corresponding 15 months period ended 31st December, 2006. Export Turnover for the 15 months period ended 31st March, titanium ingots 2008 increased by 100% to Rs. 40514.75 titanium sheets lacs as against Rs. 20296.66 lacs during the corresponding previous financial period. PBT for the 15 months period ended 31st March, 2008 registered a healthy growth of 352.97% at Rs. 5116.83 lacs as titanium bars against Rs. 1129.61 lacs registered in the corresponding previous financial year. EPS jumped by 366.09% at Rs.5.36 per share for the 15 months period ended 31st March, 2008 as compared to Re. 1.15 per titanium bars share for the previous financial period. (Face value of share = Rs. 5/-). The Company has been able to sustain the momentum of its accelerated growth chiefly on account of judicious product mix, improved capacity utilization, better realizations and improved cost titanium bars efficiencies, despite rising input costs and appreciating Rupee. "The International Stainless Steel Forum (ISSF) estimates that stainless steel is one of the titanium bars fastest growing basic materials with a growth in consumption of 9% in 2008 titanium bars followed by further 11% in 2009. In China, FeCr consumption growth is estimated to be around 30% for titanium bars the year 2008 followed by further 19% in 2009. International Ferro Chrome prices are increasing almost vertically from one quarter to titanium ingots next quarter due to extremely buoyant demand from China, continuous increase of titanium ingots prices of Chrome Ore & more production of Ferritic grade Stainless Steel. Considering the strong growth of Stainless Steel in International market and especially China, International Ferro Chrome Market is titanium ingots expected to remain titanium sheets bullish for next 3-4 years as most of the South Africa’s FeCr expansion project titanium ingots are expected to be on hold titanium sheets due to their Power crisis. It is reported that power crisis in South Africa will last until 2012, hence sentiment is expected to remain bullish for Ferro titanium ingots Chrome till such time. Balasore Alloys Limited has increased their export volume and presently exporting more than titanium ingots 80% of their production. Company is presently serving 26 countries across the globe, which includes titanium ingots most quality conscious countries of the world like USA, Japan, China, Korea and Europe etc. Export volume of the Company has increased more than 11 times during last five years and share in Global market has also increased by 50% during the last 2-3 years." Improvement in operating performance, despite appreciation of the Rupee against other major global currencies, was triggered by increased volumes, adoption of aggressive cost reduction measures, higher plant productivity and improvement in major techno-economic parameters. The Company is well on its way to maintain the present growth trend and remains optimistic of its next quarter results and despite pressure of high input material costs, the Company has initiated a number of concerted actions to mitigate the associated business risks. The results are a reflection of the decision of the management for sustainability on a long term growth strategy coupled with value addition of its products. The Company’s growth and modernization plans have been progressing according to the schedule. Apart from these existing ongoing projects which includes vertical integration in the form of setting up of captive power plant, the total outlay of which is expected to be Rs. 1215 crores, it has been decided to set up a New ferro alloys Furnace with 16.5 MVA capacity at existing location and also to form a subsidiary Company in Mauritius to enter into a Joint Venture Company for development of Mining Rights in Brazil subject to necessary approvals. SBI Caps has been engaged for financial appraisal, debt and equity tie-up for the Company’s expansion and modernization projects. It is strongly believed that completion of the Company’s ongoing projects is expected to catapult the Company’s global ranking among the top ranked ferro alloy players in the world. The Company’s relentless pursuit of excellence demonstrated through various strategic management initiatives have started yielding both tangible and intangible benefits like never before. The Company has leveraged its pool of talented manpower to kick start its own Consultancy Division and responses from a cross section of the industry and various corporate houses have been quite encouraging. The Company continues to actively pursue its Modern Management Initiatives in the area of Six Sigma, Total Productive Maintenance (TPM), Activity Based Cost Management (ABCM), Total Quality Management (TQM), Performance Management System (PMS) and Just in Time (JIT) in order to maximize performance efficiency and nurtures a burning desire to titanium tube excel in each of these faculty. These initiatives have effectively assisted the Company in rationalizing its work force and in giving it enough experience to manage the operations effectively thus enhancing the Company’s global competitiveness and recognition eventually catapulting the Company into the titanium tube higher echelons of modern management, in the process giving it a strong leadership position in the titanium tube market. – Press Release China Steel on track to meet profit guidance Newly listed China Steel Australia (CNH) said it was on track to meet its key financial forecasts for the 2008 financial year, including a net profit after tax of $12.3 million and earnings titanium tube per share of 3.99c. The nickel pig iron producer also said it would look to take advantage of increased production capacity in the coming twelve months. Chairman Damien Seah said a $92 million expansion of the company’s Chinese titanium tube processing plant was set to significantly increase China Steel’s revenue and earnings for the 2009/2010 financial year by trebling production capacity. Mr Seah said the company, which listed on the ASX in February following an oversubscribed initial public offer, continued to benefit from strong Chinese demand for stainless steel. “China has the largest stainless steel market in the world and China Steel provides the titanium tube opportunity to take advantage of this domestic market which has exceptional growth forecasts”, he said. “Since 2006 China Steel has been producing nickel pig iron which is sought by Chinese stainless steel producers as an alternative to pure nickel in the face of high prices in metals and commodities.” The expanded processing plant near the city of Linyi in the Shandong province of China will have a production capacity of nickel pig iron of 135,000 metric tonnes per year, up from current levels of 45,000 metric tones. The company said construction work on the expansion of the plant had begun, and that completion by January 2009 was on target. “The Linyi plant is currently running at full capacity. Having the expanded plant underway in January 2009 will ensure we can take full advantage of the opportunities available and remain the foremost supplier of high quality nickel pig iron in China,” Mr Seah said. “The Linyi plant is very well positioned, being close to suppliers and transport infrastructure. This allows us to provide a high quality product at a more competitive price giving China Steel a distinct advantage over its competitors.” At 1454 AEST, shares in China Steel were 2c lower to 28.5c. – Egoli Titanium Corporation provides update on heavy mineral recovery Titanium Corporation Inc. is pleased to provide an update on the progress of its oil sands tailings project following the filing of its quarterly and annual financial statements for the year ended August 31, 2007. The past year culminated more than two years of process design, testing and on-site piloting. The results include a new expanded opportunity to integrate bitumen and heavy mineral recovery from mined oil sands tailings as well as some new challenges. Processing fresh tailings has proven complex and is taking more time than originally anticipated. After an extensive review of these results, the Company reports as follows: – Recovery of minerals and bitumen from tailings goes hand-in-hand dueto technical and economic factors – Our concentrator technology achieved high levels of mineral recovery during the on-site pilot – Zircon and high grade leucoxene are the primary valuable minerals in the concentrate – Further removal of bitumen from minerals is required for effective mineral separation processing – The base technology needs to be enhanced and new technology developed to recover more bitumen from the tailings stream The Company's operations during fiscal 2007 focused on mineral concentration, bitumen removal and recovery and mineral separation as discussed below. Mineral Concentration: Utilizing bulk sample material from the prior year's on TIMET is the main manufacturer of titanium ingots in USA. Titanium ingots are melted by electron-beam method Titanium ingots are melted by vacuum arc method TIMET manufacture following titanium materials from titanium ingots: titanium bars, titanium tubes, titanium wire, titanium sheets and titanium plates. VSMPO-AVISMA Corporation is the main manufacturer of titanium ingots and all kinds of semi finished items (titanium bars, titanium tubes, titanium wire, titanium sheets and titanium plates) from titanium alloys in Russia. FIKO LTD is the main manufacturer and supplier of titanium ingots and all kinds of semi-finished items (titanium bars, titanium tubes, titanium wire, titanium sheets and titanium plates) from titanium alloys in Ukraine. Fiko ltd manufactures titanium ingots of following titanium grades: titanium ingot Grade 1, titanium ingots Grade 2, titanium ingot Ti6Al/4V and titanium ingot Alloy 5V. Fiko ltd cooperating with other mills produce titanium bars, titanium tubes, titanium wire, titanium sheets and titanium plates from its titanium ingots. China will lift the export tax on steel products on Jan. 1 next year, the Ministry of Finance (MOF) announced today. China will increase the export tax on coal, metal ore, coke, ferroalloy, steel billet and certain steel products in the New Year in order to curb the country's growing trade surplus and to further strengthen its control over the domestic steelmaking industry, which consumes vast amounts of energy and is highly polluting, MOF announced today. A detailed list of the tax adjustment for each product will be released in the near future, the MOF said. "Beijing will raise the export tax on steel billet from the current level of 20 percent to 25 percent, and on long products, such as rebar and wire, from 10 percent at present to 15 percent on Jan. 1. The policy has been long discussed by government departments, who are eager to put the lid on China's ballooning trade surplus," a source close to the situation, who wished to remain anonymous, previously told Interfax. However, the export tax on cold-rolled sheet will remain unchanged next year, the source said. China's growing steel product exports have recently come under fire from both foreign steel mills and governments for receiving Chinese government subsidies. The European Union kicked off an investigation last Friday to determine whether Chinese steel products are undercutting prices in the European market and damaging the interests of local steel mills, China's Ministry of Commerce announced last Saturday. China exported 57.85 million tons of steel products in the first 11 months of this year, up 54.5 percent from the same period last year. However, China's steel product exports continued to slow last month, dipping 3.30 percent from October to 4.10 million tons, representing the fifth consecutive monthly fall since July this year, according to preliminary statistics released by the General Administration of Customs. China's trade surplus jumped 52.2 percent year-on-year to $238.13 billion in the first 11 months of this year, with the surplus in November growing 14.7 percent year-on-year to $26.28 billion. Nippon Steel Corporation (principal place of business: Chiyoda-ku, Tokyo, President: Akio Mimura) ("Nippon Steel"), Sumitomo Metal Industries, Ltd. (principal place of business: Chuo-ku, Osaka, President: Hiroshi Tomono) ("Sumitomo Metals"), and Kobe Steel, Ltd. (principal place of business: Chuo-ku, Kobe, President: Yasuo Inubushi) ("Kobe Steel") reached agreement at the end of October this year to consider ways of further expanding and enhancing their cooperative ties and additional cross-purchase of shares. The three companies have proceeded with consideration of these courses of action and now reached the following agreement regarding the additional cross-purchase of shares. The companies share the view that increased cross-shareholdings will be effective in promoting smooth and steady implementation of strategic cooperative measures, such as the mutual use and sharing of core production facilities, and will assist the companies in pursuing the mutual benefits of these arrangements based on relationships of trust. The three companies have already begun to consider ways of further expanding and enhancing mutual cooperation as agreed upon at the end of October this year. They will actively proceed with the joint consideration of these measures and move toward the implementation Abundance of Titanium Last year was a successful one for the Verkhnesaldinsky Metallurgical Company (now the Saldinsky branch of “Corporation VSMPO-Avisma'”). Its share on the world market is more than 25%. The proceeds grew by 2.2 billion roubles, reaching 10.5 billion roubles, net profit increased by 400 million roubles, reaching 1.6 billion roubles. The growth of production volumes amounted to 26%, or up to 20.1 thousand tons. This increase was mainly due to the export of titanium rolled metal and ferrotitanium. The prices of ferrotitanium used in steel production last year doubled from $6 to $11-12 per one kilogram, and in the beginning of 2005 to $14.7-15. Last year the corporation sold foreign partners 68% of its produce. Besides, the export of titanium alloys for medicinal purposes increased by 18%. The corporation shareholders also changed the structure of production in favour of goods of a greater value. The share of stamping goods grew from 10 to 15%, the production of slabs to 11%, and bars and pipes to 23%. This year brought more orders from the aviation industry. According to the data of the analytical group “The Airline Monitor”, the leading airplane producers, Boeing and Airbus , will manufacture 760 planes in 2006; 790 planes in 2007, and in 2008, 815. The general director of “Avisma”, Vladislav Tetyukhin, has said that the corporation intends to increase its share in the order portfolio of Boeing and Airbus from 30-40% to 70% by 2008. It is planned to increase demand for titanium and alloys in Russian ship-building. In the nuclear energy sector there is a growing demand for titanium pipes and rolled stock. The oil sector also requires more rolled stock, which is necessary for building sea platforms for oil extraction. F iko Electron Beam Metallurgical plant takes orders for manufacture: 1. Titanium ingots: - Titanium ingots dia. 370-630mm ASTM Grade1, Grade2, Ti6Al/4V - In case you need moderate quantity of titanium ingots so we can take orders for one titanium ingot initially - Supply titanium ingots with oxygen content 0,04-0,08 and 0,10 and more 2. Titanium bars: - Titanium bars ASTM Grade1, titanium bars Grade2, titanium bars Grade5, titanium bars Ti6Al/4V - Titanium bars for shipbuilding industry ASTM Grade 9, Alloy 5V - In case you need one titanium bars we are ready to deliver it for you by TNT or DHL or we could cut titanium bar into billets - Supply of titanium bar for sputtering 3. Titanium tubes: - Titanium seamless tubes ASTM Grade2; ASTM Grade1, ASTM Grade Ti6Al/4V - Titanium tubes for shipbuilding industry - If you are under current repair and you need only one titanium tube so we would deliver titanium tube by TNT or DHL - Titanium tubes for sputtering. We have on stock following titanium tube for sputtering: Titanium tube dia. 61x 11mm Titanium tube dia. 60x 12.5mm Titanium tube dia. 60x 14mm Moreover we have titanium tubes dia. 10x 1.0mm to dia.168x 14mm in availability. - Take orders for manufacture of thick-walled titanium tubes dia. 114x 14mm and others.