OREANDA-NEWS. June 09, 2010. Federal Technical and Export Control Service (FTECS) of Russia issued Certificate of State Accreditation of Internal Export Control Program (IECP) to VSMPO-AVISMA Corporation.

State accreditation represents the work of executive authorities carrying out export control at the national level, based on evaluation of IECP drawn up in the Company with a view to compliance of the Company’s actions with the tasks and objectives of Internal Export Control Program.

Accreditation was preceded by multiyear work on preparation of appropriate documentation and two-year IECP performance under approved conditions.

Accreditation obtained enables the Company to enjoy additional preferences, such as possibility to obtain general license for exported products as well as submitting of its own identification appraisal reports to customs authorities. In both cases it means saving of the Company’s financial costs and time when exporting products and therewith enhanced responsibility of employees engaged in the Company’s export control system.