VSMPO Avisma is planning to hold blocking stake in the public corporation Uralpredmet. The first step was the acquisition of an 18.98% stake in the company which produces a ligature for titanium alloys.

The corporation's press office said that becoming one of Uralpredmet's shareholders is part of VSMPO Avisma's development strategy. VSMPO Avisma plans to create a vertically integrated group. After buying the shares the titanium corporation will cooperate with the business located in Verkhnyaya Pyshma, on issues of strategic management, financial and business operations and marketing policy.

Uralpredmet primarily specializes in the manufacture of ligatures for titanium alloys based on vanadium, molybdenum, the aluminothermic reduction of niobium and the production of vanadium ingots of 99.5% to 99.99% purity created by electron beam melting. VSMPO Avisma uses the ligature to produce alloys with specific properties which are widely used in the aerospace, nuclear, chemical and shipbuilding industries.

(Sourced from www.rusbiznews.com)