Through its subsidiary Noble Resources Ltd, Beijing-based trading group, Noble Group, has obtained exclusive rights to sell ferrotitanium produced by Russia-based VSMPO-AVISMA Corporation.
VSMPO-AVISMA is the largest titanium and titanium alloyed semi-finished products manufacturer in the world. Ferrotitanium and titanium alloys are widely used in aerospace and other branches of industry.
Commenting on the agreement, Noble Group's Vice Chairman Harry Banga said, "Complementing the global leadership position of VSMPO-AVISMA with Noble's expertise to market ferrotitanium and other similar products allows us to create a very strong partnership and synergy. Ferrotitanium is a natural complementary to the ores and ferroalloys we have already been marketing globally within our steel complex."
Earlier this year, Noble's steel, ferroalloys and iron ore businesses were merged to form the "Noble Steel Complex", which is part of the Group's metals, minerals and ores division.