KYIV, Sept 30 – Zaporizhia Titanium and Magnesium Combine (ZTMC) has been exporting titanium products at prices significantly below the market since July this year, which has resulted in the company's significant revenue shortfall and benefited mainly intermediaries.

According to the official announcement by the legal service of Tolexis Trading Limited, damage is caused both to the state, which owns 51% of ZTMC LLC, and to the minority shareholder of ZTMC, Tolexis Trading Limited, which owns 49% of ZTMC LLC.