VSMPO-Avisma cuts titanium output as aircraft demand sinks
2020-04-22 08:34:45 [Print]
Falling demand for new aircraft has prompted the major Russian metals producer VSMPO-Avisma to cut titanium output by about a third this year.
The company is a key supplier to the aerospace industry – including Boeing and Airbus – providing the materials for such assemblies as landing-gear, wing structures and engine pylons.
But the COVID-19 situation has depleted the production demand for new aircraft and the Russian firm says it will be cutting titanium product output to 26,500t this year, down from the planned 39,000t. The Avisma division will also cut production of sponge titanium from 44,000t to 35,000t.
The company is a key supplier to the aerospace industry – including Boeing and Airbus – providing the materials for such assemblies as landing-gear, wing structures and engine pylons.
But the COVID-19 situation has depleted the production demand for new aircraft and the Russian firm says it will be cutting titanium product output to 26,500t this year, down from the planned 39,000t. The Avisma division will also cut production of sponge titanium from 44,000t to 35,000t.
Titanium Sponge 99.7%min EXW China
Unit:RMB/mt
China titanium sponge producers' inventory statistics by province by month
Unit: mt
