AVISMA Joins World Social and Environmental Leaders
OREANDA-NEWS. January 23, 2008. AVISMA stocks are included in the investment portfolios of the ecological share index drawn by the Independent Environmental Rating Agency together with Russian Greenpeace, the company's press service announces. The fact of company stocks inclusion in the investment portfolios proves high efficiency of the AVISMA environmental activities.
Independent experts hold several ratings of various performances and one summary rating. So, VSMPO-AVISMA holds one of the prime positions in business environmental transparency. Activities of the Company's environmental organization are highly assessed in other ratings.
Andrey YAMOV, Manager of the AVISMA Environmental Management Department: "Requests for environmental reports were sent to 2015 companies of the country, including AVISMA. And we have reached the top of the ladder. In the regional rating we have become the second best in Perm Region. Among the one hundred leading companies of Russia, PSC VSMPO-AVISMA Corporation has taken the 12th seat of honor.
"Also, AVISMA is one of the ten most investment attractive companies as a leader of environmental efficiency, and one of the ten best companies as a leader of environmental efficiency development alongside with such major Russian companies as LukOil and KAMAZ. Based on the summary results of several ratings, AVISMA takes 26th place among over two thousand companies of the country.
"High rating has a positive effect on proposals to mutually beneficial cooperation. This was achieved not only by the company's environmental management department but by other AVISMA divisions as well. The environmental program has contributed to a change of industrial waste treatment process, materials recovery, as well as upgraded gas-cleaning performance. This entire set of AVISMA's environmental activities and the current Environmental Policy allowed to significantly reduce the environmental impact of titanium and magnesium works."
AVISMA is the affiliated company of PSC VSMPO-AVISMA Corporation, Perm Region, Berezniki. PSC VSMPO-AVISMA Corporation is the world's largest titanium producer. To date, 70% of its products go for export, and 30% - to the internal market. Major customers of VSMPO-AVISMA are the world's largest aircraft-building companies.
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