OREANDA-NEWS. Sberbank CIB and JSC VSMPO-AVISMA Corporation have successfully closed a deal providing the latter with a loan in the amount of \\$250 mln. The structure of the deal enabled the borrower to optimize its debt burden and allowed for more flexible management of the company’s liquidity.

“We highly value the partnership relations between JSC VSMPO-AVISMA Corporation, one of the fastest-growing and most successful titanium producers in the global market, and Sberbank CIB, and hope to maintain and strengthen our collaboration. Sberbank of Russia is interested in offering JSC VSMPO-AVISMA Corporation a wide spectrum of banking products, including in Western Europe,” commented Igor Serov, Нead of the Corporate Clients Division of the Client Management Department, Managing Director, Sberbank CIB.

VSMPO-AVISMA Corporation is the only titanium-producing company in the world that utilizes a full production cycle: from the processing of raw materials to the issue of finished products requiring a high degree of refinement. The company is the world’s largest manufacturer of titanium products and the only titanium producer in Russia. The company is deeply integrated into the global aerospace industry, serving as a strategic titanium products supplier for a number of companies. VSMPO-AVISMA has 300 international certificates pertaining to quality control, production methods, and specific types of products made of titanium and other materials. The company employs over 20,000 people around the world, including at its own network of subsidiary distribution and service companies in the U.S., Europe, and Asia.