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VSMPO-AVISMA

February 9, 2004

Press release

Verkhnaya Salda Metallurgical Production Association (VSMPO) hereby notifies that, in view of considerable increase in the manufacturing costs throughout 2003-2004 due to the upturn in raw material and transportation costs, energy and wage rates, selling prices of ingots and all titanium alloy mill products shall be increased by 10% starting from February 10th 2004.

This price increase does not apply to the already concluded contracts and agreements, including Long Term Agreements.



VSMPO Administration

 

 

 

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