VSMPO-Avisma leaves Tirus Insurance

February 28, 2014. VSMPO-Avisma Corporation bought out 15% of its shares from Gazprombank for 14bn RUR, Kommersant refers to VSMPO-Avisma managers Mikhail Shelkov and Mikhail Voyevodin as saying. As a result of this deal, Shelkov and Voyevodin now own 65% of VSMPO-Avisma Corporation shares. Gazprombank started buying stakes in the corporation in 2012. In November 2012, Rostech announced it would like to buy out a 45.42% shareholding in VSMPO-Avisma for 970m RUR. The consortium of VSMPO-Avisma and Gazprombank managers Business Alliance Company (BAC) where VSMPO management has a 75% plus 1

OAO VSMPO-Avisma Corporation is no longer among the founder members of OOO Ural Gold Ore Mining Company. A short while ago, the corporation used to own a 51% shareholding in the mining business.

VSMPO-AVISMA Corporation announced it was going to close down Titan Trading House after the corporation’s shareholders had made a decision to this extent. VSMPO-AVISMA Corporation used to own 70% of Titan’s shares; the trading house dealt in the sales of the corporation’s produce.

December 13, 2013. VSMPO-Electro, controlled by VSMPO-Avisma Corporation, got liquidated, the issuer's official statement says. An entry to this extent was made in the United State Register of Legal Entities. VSMPO-Electro was registered on March 20, 2006 and dealt in wholesale trading of electric and heating power though agents.

‘VSMPO-AVISMA Corporation has been trying to implement lean practices (targeted at cutting production costs and making the company’s performance more effective) as well as ISO tips for quite a while now. We’ve got good results in some departments, but you wouldn’t say we’ve been using lean practices to their full potential,’ Effectiveness Enhancement Director of VSMPO-AVISMA Corporation Nikolai Kondratenko said to UrBC representative. ‘We naturally do succeed in some projects; in most cases, however, achieving tangible results requires involving a large number of experts, some of whom yet