VSMPO-Avisma Expands
VSMPO-Avisma, the world"s largest titanium producer, has acquired five companies based in the Perm region, the company said Monday.
VSMPO-Avisma now owns 100 percent stakes in each of five companies: Avisma-TransAvto, Avisma-Mashinostroitel, Avisma-MetrATek, Avisma-TekhnoEkspert and Avisma-Kombinat Pitaniya.
VSMPO-Avisma said that it had not held any shares in these companies before the deal. VSMPO-Avisma was established in early 2005 as a result of the merger between Sverdlovsk region-based Verkhnesaldinsk smelter, or VSMPO, with AVISMA Titanium-Magnesium Works.
VSMPO-Avisma now owns 100 percent stakes in each of five companies: Avisma-TransAvto, Avisma-Mashinostroitel, Avisma-MetrATek, Avisma-TekhnoEkspert and Avisma-Kombinat Pitaniya.
VSMPO-Avisma said that it had not held any shares in these companies before the deal. VSMPO-Avisma was established in early 2005 as a result of the merger between Sverdlovsk region-based Verkhnesaldinsk smelter, or VSMPO, with AVISMA Titanium-Magnesium Works.