OREANDA-NEWS. October 18, 2010. PSC VSMPO-AVISMA Corporation has acquired 18,98% of shares of JSC “Uralredmet” (Verkhnaya Pyshma, Sverdlovsk region) – the Russian manufacturer of master alloys for titanium alloys, moreover, in the future PSC VSMPO-AVISMA Corporation plans to increase participating share in the charter capital of JSC “Uralredmet” to blocking shareholding.

In accordance with PSC VSMPO-AVISMA Corporation’s Development Strategy accepted in 2007 specifying creation of vertically-integrated group the Board of Directors under the chairmanship of Mr. S.V. Chemezov upon recommendation of the Investment Committee of the Board of Directors under the chairmanship of Mr. M.E. Shelkov approved conclusion of the relevant agreement on acquisition of 25% of shares plus one voting share of JSC “Uralredmet”. Entry of PSC VSMPO-AVISMA Corporation into the charter capital provides development of mutually beneficial cooperation with JSC “Uralredmet” in the following spheres of activity:

- in strategic management;

- in financial and economic activities;

- in marketing policy.

PSC VSMPO-AVISMA Corporation is interested in stable deliveries of qualitative Russian master alloys for manufacture of doped alloys exhibiting specific characteristics. These alloys are widely used in aerospace, atomic, chemical, shipbuilding and other industries.

“Conclusion of agreement is a further step on development of the Russian titanium industry represented by PSC VSMPO-AVISMA Corporation and JSC “Uralredmet”, enhancement of its efficiency, competitiveness, quality in order to keep and strengthen positions in the world market”, - Chief Executive Officer of PSC VSMPO-AVISMA Corporation, Mr. M.V. Voevodin, noticed.