Vladislav Tetyukhin said net profits in 2010 would remain at 15% of company revenue. The company posted net profits of 3.174 bln rubles ($117.6 mln at the current exchange rate) in 2005.
Tetyukhin said $650 mln would be invested in production over the next four years.
Vsmpo-Avisma was established in July 2005, when Avisma (Special Aviation Materials, a Soviet-era enterprise) merged with Vsmpo (Verkhnaya Salda Metallurgical Production Association).
The corporation controls a third of the world's titanium market. Its main partners are U.S. and European aircraft giants Boeing and Airbus, who account for 30% of its earnings.
The director general said earlier Friday that the company is on course to hold an IPO as planned in 2007.