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#The first lot of ilmenite under a new contract is delivered to VSMPO by Ukrainian Company

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June 22 2015

VSMPO-AVISMA Corporation, the world major producer of titanium alloys received the first lot of ilmenite from Ukrainian Volnogorsk GOK  (mining-and-processing integrated works), the Company press service advised to TASS.

The annual raw material supply contract was signed in May 2015. «Shipment was started when the first rail cars arrived at AVISMA » the source said to TASS. The contract details and terms are not disclosed.

The Corporation general requirement for this raw material is up to 120 thou. tons per year. Volnogorsk GOK is a key ilmenite source for VSMPO-AVISMA.

Public Stock Company VSMPO-AVISMA Corporation is the world major titanium producer of full manufacturing cycle from raw material processing to manufacture of finished products with high extent of machining. Its controlling stake (about 60%) is owned by VSMPO-AVISMA top management, 5% of shares is held by JV BAK, Rostekh holds a blocking stake (25% plus one share). Remaining 10% is free trading at Moscow Stock Exchange.