‘The Great Future of Eastern Siberia’ conference for En+ Group management takes place in Irkutsk
A two-day conference ‘The Great Future of Eastern Siberia’ was held for En+ Group management and Group’s subsidiaries in Irkutsk. The number of participants of the conference exceeded 120. These were the heads of En+ Group’s subsidiaries RUSAL, EuroSibEnergo, SouzMetallResource, En+ Downstream, VostSibUgol, Tuva Mining Company, En+ Logistics, etc., as well as the heads of enterprises, members of the Group’s subsidiaries.
The main topic of the conference was a long-term development strategy of En+ Group and the Group’s businesses in line with the fact that Russia is strengthening ties with the countries of the Asia-Pacific region. Other important issues to be considered were increasing efficiency of the Group’s enterprises, introducing modern production systems, developing employees’ professional skills and introducing social programs.
“We are the largest industrial group in the Eastern Siberia, the largest taxpayers in the most Siberian regions, where we operate. We consider our future here and we are interested in the development of the region. We want this region to become the key driver of Russian economy, we want the quality of life to rise in the East of Russia”, pointed out Artem Volynets, the CEO of En+ Group.
“The current situation gives us a unique chance to develop the regions of Eastern Siberia and the Far East. This is related to the growth of Asian demand for resources and products that can be produced here. En+ Group unites the companies which are national and international leaders operating synergistically. Employees of our companies are experienced and highly competent, which is necessary for developing new projects in metallurgy, power industry, mining and other businesses aimed at Asian markets in the East of Russia. Companies of En+ Group intend to involve strategic partners (including those from Asia) in implementing the projects, as well as to invest US$ 25 bln in new projects in the East of Russia. Together with investments in the regional infrastructure discussed at the federal level, our projects will give a powerful impetus for economic development and increase in living standard, as well as promote the creation of dozens of thousands new jobs and multi-billion transfers to regional budgets”.
Completion of Taishet and Boguchansk Aluminum Smelters, Boguchansk HPP (RUSAL), development of the Chinea polymetal deposit in Transbaikal and the Agaskyr copper and molybdenum deposit in the Republic of Khakassia (SouzMetallResource), as well as construction of new power plants in the East of Russia (EuroSibEnergo), development of coal deposits in the Republic of Tuva and the Irkutsk Region (Tuva Mining Company and Vostsibugol), creation of the largest Russian milling complex at the Krasnoyarsk Metallurgical Plant are among the En+ Group’s companies projects.
Artem Volynets stated that the Group’s financial position was sound in spite of the complicated situation on the Group’s main markets. “Our goal is to maintain this position through increasing the efficiency of our enterprises. Further, as the market situation strengthens, we will increase the flow of financial assets and ensure growth of every business in order to enter capital markets in the future”.
Press service of En+ Group
July 20, 2012