Company ok mermaid. Foil factories. The modern united company Rusal

The total capacity of the company's aluminum smelting plants is 4.3 million tons, and the production of alumina is 11.5 million tons. The main sales markets are Europe, Russia and the CIS countries, North America, Southeast Asia, Japan and Korea. Key consumer industries: transport, construction, packaging. The company has its own engineering and technological base. Together with the Kazakhstan holding Samruk-Kazyna, RUSAL owns an enterprise for the development of the opencast mine of the Bogatyr coal deposit in Ekibastuz. RUSAL owns a 27.8% stake in MMC Norilsk Nickel, the world's largest producer of nickel and palladium and one of the largest producers of platinum and copper.

RUSAL was one of the twenty largest companies in Russia in terms of market value (capitalization) in 2011, and in the thirty largest companies in Russia in terms of sales volume in 2012.

History

The management of aluminum smelters in the USSR was carried out by Glavk Aluminprom of the Ministry of Nonferrous Metallurgy. Despite great domestic needs, the Soviet Union exported about 15% of the aluminum produced abroad.

Russian aluminum

In October-December 2009, UC Rusal signed a series of agreements with Russian and foreign banks on the restructuring of credit debt totaling $ 16.8 billion. Thus, the debt to a number of foreign banks in the amount of $ 7.4 billion was restructured for a period of four years with the right to extend on three. In total, more than 70 credit institutions took part in the restructuring, and about 50 loan agreements were revised.

Initial public offering (2010)

At the end of January 2010, Russian Aluminum held an IPO on the Hong Kong Stock Exchange, thus becoming a public company. During the placement of shares, the company sold 10.6% of the shares, earning $ 2.24 billion for them (respectively, the entire company was valued at $ 21 billion). The largest investors during the IPO were Vnesheconombank and the Libyan state fund Libyan Investment Authority, which bought 3.15% and 1.43% of the shares, respectively. It is expected that the proceeds from the IPO funds UC Rusal will direct to pay off debts.

As a result of the IPO, the shares of the previous major shareholders of the company changed - each of them allocated for sale to investors part of its package in proportion to its share. The share of En +, controlled by Deripaska, decreased from 53.35% to 47.59%, Tony Shterev owns 00.0 1% of the shares of the ONEXIM Group, owned by Mikhail Prokhorov, fell from 19.16% to 17.09%, the share of SUAL Partners of Viktor Vekselberg and partners - from 17.78% to 15.86%, Glencore International - from 9.7% to 8.65%.

Debt refinancing (2012)

As of the end of 2013, the company's net debt amounted to $ 10.1 billion US dollars.

U.S. Sanctions List (2018)

On April 6, 2018, Rusal was included in the list of individuals and organizations under US sanctions as part of all Oleg Deripaska’s assets. July 21, US Treasury Secretary Stephen Mnuchin said that the main goal of the sanctions is not to close the En + Group business, but to limit the activities of Oleg Deripaska.

On April 27, 2018, the chairman of the board of directors of En + Group, Gregory Barker, presented a plan for removing the company from the US sanctions lists (the “Barker Plan”). The plan included, among other things, a reduction in Oleg Deripaska's stake to below 50% and the appointment of independent directors to the board of directors of En + Group. On December 19, 2018, the U.S. Treasury Department notified the U.S. Congress of its intention to lift sanctions on En + Group after changing the corporate structure of the group of companies agreed by the U.S.

On December 20, 2018, En + Group shareholders supported the re-registration of the group of companies from Jersey to Oktyabrsky Island in the Kaliningrad Region of the Russian Federation. On February 8, 2019, the newly formed En + Group board of directors in accordance with US requirements confirmed the decision to re-register En + and Rusal in Russia.

Owners and management

Ordinary shares of the company are traded on the Hong Kong Stock Exchange, DDR on shares are traded on the Moscow Stock Exchange. Stocks and DDRs are capable of converting into each other.

48.13% of the company’s shares are held by En + Energy Holding, controlled by Oleg Deripaska, Sual Partners shareholders - 22.8%, ONEXIM Group Mikhail Prokhorov - 6.7%, 8.75% - Glencore through Amokenga Holdings. 13.37% are in free float. 0.25% of the shares are held by the management of the company, including 0.23% of the shares held by the general director of the company.

The chairman of the board of directors of the company since its foundation was Viktor Vekselberg. On March 12, 2012, he announced his resignation in a letter to members of the board of directors, citing her disagreements with management. In turn, RUSAL said that Vekselberg ceased to fulfill its functions as Chairman more than a year ago, and its decision anticipated the expected decision of the Board of Directors. Since October 2012, Matthias Warnig has been Chairman of the Board of Directors.

Until 2018, the president of the company is Oleg Deripaska, and the general director is Vladislav Soloviev. On March 15, 2018, the president of Rusal was taken by the company's general director, Vladislav Soloviev. Since November 2018, the CEO of the company has been Yevgeny Nikitin, who previously headed the aluminum division of the company.

One member of the board of directors is Tom, Jean-Pierre. On December 27, 2018, he was elected Chairman of the Board of Directors of the company, will take office on January 1, 2019.

registration

Until 2019, the company is registered in an offshore jurisdiction on the British island of Jersey (Channel Islands).

On December 20, 2018, En + Group shareholders supported the re-registration of the group of companies from Jersey to Oktyabrsky Island in the Kaliningrad Region of the Russian Federation. On February 8, 2019, the board of directors confirmed the decision to re-register En + and Rusal in Russia.

The headquarters of the company is located in Moscow.

Activities

The parent company, as well as the main trader of Russian Aluminum, is RTI Limited, registered on the island of Jersey. According to the newspaper Vedomosti, RTI Limited owns raw materials, as well as aluminum produced from it. In its activities, Russian Aluminum uses a tolling scheme, in which raw materials are delivered from abroad to Russian aluminum plants, processed there, and aluminum is again exported abroad.

The structure of the company

RUSAL Corporation or Russian Aluminum is one of the largest Russian private companies. This corporation also actively interacts with partners representing countries of near and far abroad, and is one of the most powerful players in the corresponding segment of the world market. What is she releasing? Who owns and runs the company? Company Overview RUSAL is considered one of the largest enterprises in our country and the world's largest producer of aluminum and alumina. Legally, this company is registered on the island of Jersey, which belongs to the UK. The total capacity owned by the corporation is about 4.4 million tons, alumina - about 12.3 million tons. In the Russian market, in terms of revenue, RUSAL is second only to the largest oil and gas corporations. Company History RUSAL was founded in 2007 as a result of the merger of assets of Russian enterprises - Russian Aluminum, SUAL, as well as the Swiss company Glencore. It can be noted that the symbolism belonging to Russian Aluminum has been preserved in the new united corporation. In fact, in the structure of RUSAL corporation there are factories founded back in the early Soviet period. So, the first domestic aluminum plant was launched in the USSR in 1932 in the city of Volkhov. The company’s electricity supplier was bauxite, which was also mined nearby. In 1933, a similar enterprise was launched in Zaporozhye, in the Ukrainian SSR. In the late 30s, the development and mining of bauxite and, accordingly, the production of aluminum and alumina in the Urals began: Soviet industrialists launched the Ural Aluminum Plant. When the Great Patriotic War began, the plant in Zaporozhye was seized, Volkhovsky was in danger, so the Soviet industrialists decided to build new plants in the rear - in Krasnoturinsk and Novokuznetsk. After the war, the Soviet economy experienced a growing need for aluminum. New plants began to open in the regions of Eastern Siberia. In 1960, the world's largest aluminum plants opened in Krasnoyarsk and Bratsk. In order to provide these enterprises with alumina - mainly imported at that time, plants were built in Achinsk and Nikolaev. In 1985, the Sayanogorsk Aluminum Plant was opened in Khakassia. It can be noted that by the end of the 80s the USSR came out on top in the world in aluminum production. The country exported metal quite actively. Sayanogorsk aluminum smelter contributed significantly to the growth of this industry. But soon after its discovery in the USSR, certain difficulties began, perestroika, and then the collapse of the country. The formation of the Russian Aluminum Corporation was preceded by the period when two other major players in the metallurgy market entered the world market - Siberian Aluminum, as well as Sibneft, which also had aluminum assets. In 2000, these corporations pooled their assets, resulting in the formation of Russian Aluminum. The structure of this corporation included the largestaluminum plants in Russia and Ukraine. Subsequently, the company began to actively expand its activities abroad. But the corporation also actively developed in the Russian market. So, in 2006, the Khakass Aluminum Plant was opened, also in Sayanogorsk. It can be noted that by 2007 Russian Aluminum controlled about 80% of the industry in its segment in Russia. As for the other subject of the transaction, as a result of which RUSAL was formed - SUAL, it can be noted that this corporation was founded in 1996 in Kamensk-Uralsky. In the course of its development, it rather actively bought enterprises for the production of aluminum - but, as a rule, relatively small. Also, this company acquired the Zaporizhzhya Aluminum Plant. In fact, by 2007, SUAL controlled that part of the market that did not belong to Russian Aluminum, that is, its share in the segment was about 20%. But, one way or another, in 2007 the two companies merged, as a result of which RUSAL OJSC was established. The company during the crisis of 2008-2009 The corporation had to overcome quite a lot of difficulties during the economic recession in Russia in 2008-2009. It is known that the company had difficulty repaying loans. However, the corporation managed to cope with the problems. Between October and December 2009, RUSAL entered into a number of agreements with large banks, both Russian and foreign, on the restructuring of debts in the amount of approximately $ 16.8 billion. Who owns and runs the corporation? It will be useful to consider the structure of ownership of the corporation, as well as how it has changed over time. Until 2010, the largest shareholder of the company was the En + holding, which was controlled by Oleg Deripaska. The next largest share of assets belonged to SUALU. The ONEXIM group, owned by Mikhail Prokhorov, owned the third largest shareholding in the corporation. Another major shareholderRUSAL OJSC was a Glencore company. In January 2010, the corporation carried out an IPO at the sites. During the bidding process, the company managed to sell about 10.6% of the shares for 2.24 billion US dollars. All assets of the corporation were valued at about $ 21 billion. It can be noted that Vnesheconombank, as well as the Libyan Investment Authority fund, which represented Libya, became the main investors in the business. These corporations acquired, respectively, 3.15% and 1.43% of the securities of the Russian aluminum giant. After the IPO, the shares of the key shareholders of the enterprise changed slightly - they decreased in accordance with the size of the package of assets sold to investors. Now Oleg Deripaska's holding owns 48.13% of the shares of Russian Aluminum, Sual Partners owns 15.8% of the corporation's assets. ONEXIM Group owns 17.02% of the shares of Russian Aluminum. Glencore Corporation owns 8.75% of the assets of the Russian aluminum company. In the free trade mode, 10.04% of the company's shares are traded. It may be noted that 0.26% of Russian Aluminum securities are held by the management of the company. At the same time, the CEO of the corporation owns 0.23% of the shares of the enterprise. Company management Since the founding of the company, Viktor Vekselberg has been the Chairman of the Board of Directors of RUSAL OJSC. In 2012, he announced his resignation. In October 2012, the Board of Directors of the corporation was headed by Matthias Warnig. The president of the company is Oleg Deripaska. The position of Director General of Russian Aluminum is held by Vladislav Soloviev. The main activities of the corporation We’ll study in more detail what RUSAL does. The main activity of the corporation, as we noted above, is the production of alumina and aluminum. Among the schemes used to organize the production of the corporation are tolling, in which raw materials are imported from abroad, processed at Russian Aluminum plants, and the finished product is then transported abroad. RUSAL is quite actively interacting with other major corporations. For example, together with RAO UES of Russia, it implemented a project for the construction of an aluminum plant with a capacity of about 600 thousand tons in the Krasnoyarsk Territory. The corporation initiated the construction of many large enterprises in the industry. Consider which of them are today key in the company. RUSAL company activities: factories The plants of the enterprise can be classified into the following main categories: Enterprises producing aluminum; Alumina factories; Bauxite mining enterprises; Foil manufacturing plants. Moreover, in each of the noted categories of plants there are both Russian and foreign firms. Aluminum plants The first aluminum plant in the USSR, as we noted above - Volkhovsky, was founded in 1932 and is still operating. Its capacity is not the largest, according to some reports - about 24 thousand tons, but nevertheless this enterprise is a significant infrastructure facility of the company. After Volkhovsky, in 1939 the Ural Aluminum Plant in Kamensk-Uralsky was launched. It also functions until now, but now it is mainly engaged in the production of alumina. The enterprises built during World War II are the Novokuznetsk and Bogoslovsky aluminum plants, opened, respectively, in 1943 and 1944. They are also successfully working so far. It mainly produces alumina, and also incorporates a foundry. The company produces protectors made of aluminum, as well as its various alloys. The plant's capacity is about 960 thousand tons of alumina per year. Novokuznetsk plant continues to specialize in the production of aluminum. The most powerful RUSAL enterprise in the first category is the Krasnoyarsk Aluminum Plant. It has a capacity of about 1,008 thousand tons. The Krasnoyarsk Aluminum Plant was founded in 1964 in Krasnoyarsk and is one of the key industrial centers of the corresponding segment of Russian industry. RUSAL's second largest aluminum plant is located in Bratsk. It was founded in 1966. Its capacity is about 1006 thousand tons. The third most powerful RUSAL plant in the corresponding category is the Irkutsk Aluminum Plant. It was founded in 1962. Irkutsk aluminum plant has a capacity of about 529 thousand tons. This plant is located in Shelekhov. Among the RUSAL enterprises that are supposed to be diversified are the Volgograd Aluminum Plant. On it, in particular, it is planned to expand the production of calcined anodes. Volgograd aluminum smelter has the necessary infrastructure for the production of rolled products. Its foundry capacity is about 60 thousand tons per year. RUSAL has aluminum smelters abroad in the Swedish city of Sundsvall, as well as in Nigerian Ikot Abasi. Alumina factories If we talk about RUSAL alumina refineries, then the Bogoslovsky, Uralsky aluminum smelters, as well as plants in Achinsk and Boksitogorsk, are of the corresponding type. RUSAL's alumina production facilities are located abroad in Ukrainian Nikolaev, Guinean Frie, Australian Gladstone, Irish Oginis, Italian Portesme, as well as the Jamaican cities of Kirkvayn and Mandeville. Bauxite mining enterprises The largest Russian bauxite mining enterprises owned by RUSAL are located in the Ukhta region, in Severouralsk, Belogorsk. Abroad - in Guyanese Georgetown, in Fria, as well as another Guinean city - Kindia. Foil Plants The foil is produced by Russian enterprises of RUSAL, which are located in Sayanogorsk, Dmitrov and Mikhailovsk. There is a large foil plant - the second most powerful of all that belongs to Russian Aluminum in the capital of Armenia, Yerevan. It can be noted that the corporation's assets include enterprises that produce not only aluminum, but also, in particular, alloys from it, and foil. The corporation owns factories that form a complete production chain - from mining plants to rolling mills. This feature of the organization of production allows the company to achieve the highest quality products. Russian aluminum is appreciated in the world for its high quality. The corporation’s key production facilities are located in Siberia, which, on the one hand, enables the company to access the region’s natural resources, and on the other hand, brings its infrastructure closer to one of the largest aluminum consumers, China. Business development prospects Let us examine what are the prospects for the development of the business that the Russian aluminum company is building. According to experts, RUSAL is trying to optimize its production taking into account the changing demand in the world market. So, the emphasis is supposed to be on the production of products with high added value. RUSAL is constructing highly efficient production facilities in Eastern Siberia that will enable the company to supply metal to customers when demand for it increases. RUSAL owns huge reserves of raw materials, has its own infrastructure for the implementation of scientific and technological developments that can help optimize output and reduce its cost. Another important objective of RUSAL is to form an energy base that will allow to increase the level of production autonomy by generating its own electricity. In this direction, the corporation cooperates with RusHydro within the framework of the Boguchanskaya HPP construction project. RUSAL is also actively developing international relations, both in the near and far abroad. Russian Aluminum is an active participant in the development of the Russian market in the corresponding segment. The company initiated the formation of the Aluminum Association, which, experts say, plays a significant role in overcoming the economic downturn at the current stage of development of the Russian national economy. The capabilities of the corporation are of great importance in terms of restoring indicators of the corresponding segment of the Russian economy and its successful development. Non-governmental educational institution of higher professional education “INSTITUTE OF INTERNATIONAL LAW AND ECONOMY NAMED AFTER A.S. Griboedova Faculty of Economics (OVER DEPARTMENT) SPECIALTY: Finance and credit DEPARTMENT: Management COURSE WORK ON THE TOPIC: “Analysis of the management system of JSC RUSAL.” Performed 3 year student: Grosset E.S.   Scientific adviser: prof. Karapatnitskaya A.V. Moscow 2009 Introduction ………………………………………………………………… 3 Section 1. Characteristics of the object of analysis - the company ..................... 4 Section 2. Analysis of the external environment of the organization …………………… .14 Section 3. Analysis of the internal environment of the organization ………………… 19 Section 4. Definition of the mission of the company and building a “goal tree” ........................... Section 5. Designing the management structure of the organization ... .23 Section 6. Development of the concept of organized culture ....... ... 25 Section 7. Motivation of work ………………………………………… ..28 Conclusion …………………………………………………………… 31 References ……………………………………………………… ... 32 Introduction Today, a market economy is actively developing in our country, many large and small enterprises are now thriving, despite all the difficulties of the economic situation of the Russian Federation, and the period of the global economic and financial crisis, they are ruined, bankrupt, and closed. What is the reason for the success of some enterprises and the failures of others? Obviously, in the management of the company, namely the management of the company. In this paper, I am going to analyze the management system of a specific organization operating in a market environment. For analysis, I chose RUSAL United Company. This is the largest domestic corporation, a producer of aluminum and alumina. This organization is interesting for its active development, bustling life, interesting structure and global scale, and by its example I am going to understand the management structure, the external and internal environment of the organization, measures of personnel motivation, setting goals and objectives, and organization. Section 1. Characteristics of the object of analysis - the company. RUSAL OJSC -  it is a combined company, the world's largest producer of aluminum and alumina, created in March 2007 as a result of the merger of the Company RUSAL  ranked third in the world in aluminum production, Group SUAL  , one of the ten largest global producers of aluminum, and alumina assets of the Swiss company Glencore  . The company includes enterprises for the extraction of bauxite and nepheline ore, the production of alumina, aluminum and alloys, foil and packaging materials based on it, as well as energy assets. The main products of the United Company are alumina, aluminum and aluminum alloys. Most of the alumina produced at the enterprises of the United Company is used to provide for its own aluminum production. The quality of the products meets the basic international and Russian standards and meets the highest requirements of consumers. The company’s brands are listed on the London Metal Exchange (LME). The company's strategy takes into account the need to constantly expand the range of products. At the same time, customer needs are becoming an important guideline. The company is ready to develop fundamentally new technological solutions, together with customers to create new alloys and materials that are as appropriate as possible for the tasks. Regular monitoring of quality indicators and customer satisfaction. This approach helps to develop long-term relationships with domestic and foreign clients. The combined company has a strong scientific and technical base. Along with investments in production growth, the United Company invests heavily in research and development and the modernization of factory laboratories, seeking as a result of improving product quality and meeting customer requirements. Legal status. The legal status of RUSAL OJSC is determined by the Civil Code of the Russian Federation “On Joint-Stock Companies”, and other legal acts of the Russian Federation. History of education and organization life cycle. In 2000, Oleg Deripaska and Roman Abramovich reached an agreement to combine their aluminum assets with the aim of creating a company that could compete on equal terms with the largest global aluminum producers. The share of the new company, called Russian Aluminum (RUSAL), in the global aluminum production amounted to 10%. Initially, Oleg Deripaska and Roman Abramovich owned the company in equal shares. In 2003, a Sibneft shareholder sold a 25% stake in RUSAL to Basic Element. In 2004, Basic Element became the sole owner of RUSAL. After RUSAL was formed, dramatic changes began to occur in the Russian aluminum industry. Oleg Deripaska and Roman Abramovich were able to consolidate disparate parts of the Russian aluminum industry in RUSAL, thereby creating a platform for its modernization and ongoing development. In order to increase production and reduce emissions, a modernization program was launched at RUSAL enterprises. In particular, the Krasnoyarsk and Sayanogorsk aluminum plants were subjected to full-scale modernization, and production at the Nikolaev Alumina Refinery was expanded. At the end of 2003, the reconstruction of the ARMENAL plant in Armenia, acquired by RUSAL in 2000, began. At the beginning of 2004, the company began construction of an aluminum can factory in Vsevolozhsk. In 2006, RUSAL launched the Khakassky plant, which became the first aluminum plant built in Russia over the past 20 years. RUSAL has always paid particular attention to expanding its raw material base. In 2001-2002, when the Compagnie des Bauxites de Kindia mining complex and the Friguia bauxite-alumina plant in Guinea were transferred to RUSAL, the company increased its self-sufficiency in raw materials by 25%. In 2006, RUSAL also acquired a controlling interest in the mining company Aroaima Mining Company in Guyana. RUSAL gradually increased its presence on the world stage. Along with the purchase of enterprises in Guinea and Guyana in 2005, RUSAL acquired a 20% stake in the world's largest alumina refinery Queensland Alumina Limited in Australia, which increased self-sufficiency in raw materials by another 770,000 tons per year. In 2006, RUSAL's list of international assets was supplemented by the ALSCON aluminum smelter in Nigeria, the cathode plant in China and the Eurallumina alumina refinery in Italy. In its activities, RUSAL has always been guided by the principles of socially responsible behavior and has constantly worked to improve the corporate governance system. In 2006, the company disclosed information on the ownership structure, as well as key operating and financial indicators. The Code of Ethics was adopted and independent members were invited to the Board of Directors of the company. These steps once again confirmed RUSAL’s desire to increase the transparency of the company, as well as its commitment to high standards of corporate governance and business. RUSAL was the first company in Russia to publish a Corporate Responsibility Report in accordance with UN rules. Along with the formation of Siberian Aluminum, and then RUSAL, a second domestic vertically integrated aluminum production holding was created in Russia. As a result of the merger of the share capital of the Irkutsk and Ural aluminum smelters in 1996, the Siberian-Ural Aluminum Company (SUAL) was created, which in 2000 also included the Bogoslovsky and Kandalaksha aluminum smelters. Two years later, SUAL bought a 90% stake in the Nadvoitsky Aluminum Plant and merged its assets with SevZapProm. As a result of the merger, the number of plants owned by SUAL increased to 19; The company includes Volkhov, Volgograd aluminum smelters and Pikalevsky alumina refinery. In 2003, the company accounted for 65% of alumina (about 2 million tons) and 25% (850 thousand tons) of primary aluminum produced in Russia. In 2005, SUAL acquired the Zaporizhzhya Aluminum Smelter in Ukraine, which became the company's first asset outside the Russian Federation. Thus, by the beginning of the third millennium, two powerful companies appeared in Russia, occupying significant positions in the international aluminum market. In 2007, the consolidation process of the Russian aluminum industry was completed. The merger of aluminum and alumina assets of RUSAL, the third-largest aluminum producer in the world, SUAL Group, one of the world's top ten aluminum producers, and alumina assets of the Swiss company Glencore, created the United Russian Aluminum Company, the world's largest aluminum producer and alumina. The United Company accounted for about 11% of global aluminum production and 13% alumina in 2008. UC RUSAL operates in 19 countries on 5 continents; the total number of employees is more than 75,000 people. It consists of 16 aluminum plants, 11 alumina refineries, 8 bauxite mining enterprises, 3 powder production enterprises, 3 silicon enterprises, 3 secondary aluminum plants, 3 foil rolling plants, 2 cryolite plants, 1 cathode plant. The Company's production in 2008 amounted to 4.4 million tons of aluminum and 11.2 million tons of alumina. Size of organization and territorial distribution of the company.

Mermaid at Wikimedia Commons

  Aluminum smelting

The country	Title	Area	Years of work	Power, thousand tons
	Krasnoyarsk aluminum smelter	Krasnoyarsk	1964 -	1008
	Brotherly Aluminum Plant	Bratsk	1966 -	1006
	Boguchansky aluminum smelter	pos. Taiga	2016 -	588
	Irkutsk Aluminum Plant	Shelekhov	1962 -	529
	Sayanogorsk Aluminum Plant	Sayanogorsk	1985 -	524
	Novokuznetsk Aluminum Plant	Novokuznetsk	1943 -	322
	Khakass Aluminum Plant	Sayanogorsk	2006 -	297
	Volgograd aluminum smelter	Volgograd	1959 -	168
	Nadvoitsky Aluminum Plant	Doublets	1954 - 2018	81
	Kandalaksha Aluminum Plant	Kandalaksha	1951 -	76
	Ural Aluminum Plant	Kamensk-Uralsky	1939 - 2013	75
	Theological Aluminum Plant	Krasnoturinsk	1944 -	46
	Volkhov Aluminum Plant	Volkhov	1932 - 2013	24
	Kubikenborg	Sundsvall	1943 -	128
	Alcon	Ikot Abasi (Aqua Ibom)	1997 -	96

  Alumina Production

The country	Title	Area	Launch year	Power, million tons
	Achinsk alumina refinery	Achinsk	1970	1,1
	Theological Aluminum Plant	Krasnoturinsk	1944	1,052
	Ural Aluminum Plant	Kamensk-Uralsky	1939	0,768
	Boksitogorsk alumina refinery	Boksitogorsk	1938	0,165
	Queensland Alumina Ltd (20%)	Gladstone	1967	4,058
	Aughinish alumina	Oginis	1983	1,927
	Alpart	Mandeville	1968	1,65
	Nikolaev alumina refinery	Nikolaev	1980	1,601
	Windalco	Kirkvayn	1953	1,21
	Eurallumina	Porto Vesme	1973	1,1
	Alumina factory in Frie	Fria	1960	0,65

  Bauxite mining

The country	Title	Area	Launch year	Power, million tons
	Kiya-Shaltyr nepheline mine	Belogorsk (Kemerovo region)		4,66
	Sevuralboxitrude	Severouralsk	1938	3,0
	Komi-Aluminum	district of Ukhta	1997	1,9
	Kindia Bauxite Company	Kindia	1974	3,3
	Alumina factory in Frie	Fria	1960	2,1
	Bauxite company of guyana inc	Georgetown	2004	1,7

  Foil production

The country	Title	Area	Launch year	Power, thousand tons
	SAYANAL	Sayanogorsk	1995	38
	Ural foil	Mikhailovsk	2003	15,6
	Sayan foil	Dmitrov	1997	3
	ARMENAL	Yerevan	2000	25

Silicon production and powder metallurgy:

•   ZAO Silicon
•   Sual-Silicon-Urals
•   Powder Metallurgy - Shelekhov
•   Powder Metallurgy - Volgograd
•   Powder Metallurgy - Krasnoturinsk

Engineering and Construction Division:

•   YOU
•   Alumina Service
•   Engineering and Construction Company
•   Engineering Technology Center
•   Industrial Park Siberia
•   Service center "Metallurg"
•   SibVAMI
•   Uraluminium
•   Rus Engineering

Energy Division:

IT services

Training

Performance indicators

In 2017, the company produced 3.707 million tons of aluminum, 7.773 million tons of alumina

At the end of 2017, the adjusted net profit of UC Rusal amounted to $ 1.077 billion, which is almost 3.7 times more than in 2016 ($ 292 million), the company reports. UC Rusal revenue increased to $ 9.969 billion from $ 7.983 billion a year earlier.

Against the backdrop of rising aluminum prices and strong demand for metal, UC Rusal's adjusted EBITDA for the year increased by 42.4% to $ 2.12 billion, which is the best result since 2012.

Key company projects

Social programs

In the cities where Rusal operates, the Rusal Social Programs Center also operates. Rusal Group of Companies is one of the sponsors of the Pirates football club (Moscow), which plays in the LFL Southern League. In particular, it was precisely with the help of Rusal that the team’s jump from the middle peasants of the Second Division was connected to the leaders of the First Division, as well as transfer rumors about the signing by the amateur club of contracts with the infamous footballers Kokorin and Mamaev.

Criticism

Accidents

In the 2000s and 2010s, SUAL mines received the ominous nickname of the "death conveyor". For example, in the mines of the Severouralsk bauxite mine owned by RUSAL, in July 2017, two miners were killed. And in December 2016, one of the welders died at the Kalinskaya mine. At the SUAL-Silicon-Ural plant in Kamensk-Uralsky in the same December 2016, hot silicon spilled on two workers, and the cargo collapsed on another worker.

Sanctions

In October 2016, Rusal was included in the extended sanctions list signed by President of Ukraine Petro Poroshenko.

In April 2018, Rusal shares fell 46.9% amid warnings from the company about a possible technical default on a number of loans due to US sanctions on company owners.

The history of RUSAL is interesting and instructive in many respects. The results of its active development and global scale are evident. Without it, there would be no “golden age of aluminum”

 

Reference Information:

• Company name:  United company RUSAL;
• Legal form of activity:  public company;
• Kind of activity:  the production of aluminum, aluminum alloys and other products from aluminum, the production of alumina, the extraction of bauxite, investments in securities;
• Revenue for 2016:  7 983 million dollars;
• Beneficiary:  Oleg Deripaska;
• Number of staff:  61 thousand people;
• The site of the company:  www.rusal.ru

UC RUSAL is rightfully considered one of the largest aluminum producers in the world. Last year, he was awarded the title "Leader of the Aluminum Industry" at the international Platts Global Metals Award.

For reference:  Platts is one of the most influential listed news agencies in the world. It specializes in the publication of price quotations for oil, oil products, natural gas, petrochemicals and industrial metals traded in various regions of the world. The Platts Global Metals Award is the annual Platts Award which aims to reward metallurgical companies that have achieved outstanding results in the areas of innovation, environment and industrial safety.

The award noted the company's reduction in production costs, compliance with production discipline and tight cost control during a period when market conditions were not doing well.

Untreated aluminum, its alloys, foil and alumina are the largest part of the company's products. UC RUSAL includes a whole range of enterprises involved in the creation of the final product, from mining to aluminum and foil rolling plants. Such an organization allows you to control the production process at each stage, ensuring high quality products.

The history of RUSAL is interesting and instructive in many respects. The results of its active development and global scale are evident. Already this year, the international consulting agency Interbrand published a rating of the most valuable brands in Russia, including the 11th place - the RUSAL brand, valued at 40,828 million rubles. The company's achievements in the modernization of production, the implementation of environmental and research projects were especially noted.

For reference: Interbrand is an international consulting agency founded in 1974 and specializing in the provision of branding services. Since 2000, publishes analytical national ratings.

The largest beneficiary and President of RUSAL is Oleg Deripaska.

History of creation

In 2007, in March, the merger of the assets (aluminum and alumina) of two Russian enterprises - Russian Aluminum (RUSAL) and Siberian-Ural Aluminum Company (SUAL) with aluminum assets of the Swiss commodity trader Glencore. As a result, the United Company RUSAL was formed with an office in Moscow and the symbols of the largest of the companies.

Fig. 1. OK RUSAL logo.
  Source: RUSAL JSC official website

Before the merger

In Volkhov in 1932 the first aluminum plant in Russia was launched. The local hydroelectric power station became the energy supplier, and bauxite was mined near the current Boksitogorsk.

A year later, a similar plant was launched in Zaporozhye (Ukraine), in the late 30s - in the Urals.

During World War II, the construction of factories began in the rear. Zaporizhzhya was lost, Volkhovsky was under threat of capture, and the aircraft industry plant needed aluminum.

After the war he was already required by the arms race. Energy-intensive production, so they tried to build enterprises near power plants under construction. So, factories in Eastern Siberia were opened almost in the area of \u200b\u200bthe construction of the Angara-Yenisei cascade of hydroelectric power stations.

The largest aluminum smelters in the world were built in Krasnoyarsk and Bratsk in the 1960s. Their alumina was provided by the enterprises of Achinsk and Nikolaev. The last enterprise of the aluminum industry, erected in the Soviet period, was Sayanogorsk in Khakassia.

In the late 1980s, the Soviet Union was called the world leader in aluminum production.

90s perestroika

Hyperinflation of the early 90s, the abolition of budget financing and the broken ties with suppliers of raw materials from the former republics of the Union paralyzed the work of many industrial enterprises in the country. This fate has not passed and aluminum plants. The whole industry was in a difficult situation.

In the domestic market, aluminum consumption decreased by almost 9 times. A reorientation to export was required - the only way to get out of the crisis.

With the large-scale privatization of state-owned enterprises, which began in 1993, the aluminum industry is turning into a tidbit for organized crime. It began with control of seaports, when they had to pay tribute for goods that were shipped for export, and ended with the usual theft of metal from factories. The interest in criminal groups was also aroused by the share capital of enterprises. Intimidation, blackmail, and murder were used. A serious struggle was waged for control over the industry.

Nevertheless, the second half of the 1990s was marked by some revival among the enterprises of the aluminum industry.

The profits with which the Sayanogorsk plant worked worked out were enough for Oleg Deripaska to build another Sayanal foil rolling plant. Soon it was recognized as the best in the industry, and all thanks to technological and environmental indicators.

SIBAL Group by 1998 turned into a large vertically integrated structure with a powerful production base and an established sales network.

The fight against crime unfolding in the country bore fruit, and by the end of the century it was safe to say that recession in organized crime was outlined. And in 2000, with the introduction of duties on the export of unprocessed aluminum, we count on the civilized development of the aluminum industry in Russia and the consolidation of enterprises that have so far been fragmented.

The eve of the new millennium was marked by the formation of RUSAL, which combined the assets of SIBAL Oleg Deripaska and Millhouse Capital Roman Abramovich.

Recent History: XXI Century

In the next few years as part of the company:

• aRMENAL foil rolling plant in Armenia;
• Novokuznetsk Aluminum Plant (NKAZ);
• Belokalitvinsk Metallurgical Association (BKMPO);
• 2 Guinean enterprises - Friguia bauxite-alumina refinery and KBK mining plant;
• All-Russian Aluminum and Magnesium Institute (VAMI) for design work as part of the investment and construction projects of the company;
• Engineering and Technology Center, which concentrated RUSAL's research, design and survey activities.

The company is gaining momentum and operates on a transatlantic scale.

1. In 2004, it began to develop bauxite deposits in Latin American Guyana, for which, by agreement with the government, RUSAL will form a new enterprise - the Guyana Bauxite Company (KBG).
2. In 2005, Kaiser Aluminum acquired a 20% stake in Queensland Alumina Limited (QAL, Australia), the world's second alumina refinery.
3. In 2006, RUSAL acquired 56.2% of the Italian alumina refinery Eurallumina, a cathode plant in the Chinese province of Shanxi, and became the owner of a controlling stake in the mining company Aroaima Mining Company in Guyana.

In the same 2006th, the company buys Boksitogorsk aluminum plant, launches the Khakassky aluminum plant - the first enterprise in the industry, built in Russia after a 20-year hiatus.

In 2006-2007, Forbes magazine named UC Rusal number 1 on the list of major non-public companies.

Then, in 2006, RUSAL signed an agreement with the Russian electricity producer HydroOGK (in 2008 it was renamed RusHydro) on the joint implementation of the BEMO project - an energy and metallurgical complex in the Krasnoyarsk Territory.

Finally, a historic event: the formation of the world's largest aluminum producer, the United RUSAL Company. The history of the company is not only victories and conquests.

The economic crisis of 2008-2009 became the worst in history when both the demand for aluminum and its price sharply decreased. This period brought the United Company a deterioration in financial condition and difficulties in relations with creditors:

• violation of covenants under loan agreements;
• delays in previously taken loans;
• alfa-Bank's application for recognition of the bankruptcy of UC RUSAL's subsidiaries - the Krasnoyarsk Aluminum Plant and SUAL.

In January 2009, the Board of Directors appointed Oleg Deripaska as Director General of the company.

Modern United Company RUSAL

RUSAL, which unites the largest aluminum smelters in the country today, among the world's leading aluminum producers and the top three Russian metallurgical companies with EVRAZ, Roman Abramovich, Alexander Abramov and Norilsk Nickel of the same three owners.

His plans are very ambitious and have a real basis.

1. Own scientific and technical base, opportunities for the creation and implementation of new highly effective developments aimed at optimizing the production process and reducing its cost.
2. Access to the richest bauxite deposits, which means that the company’s production has been provided with its own reserves of raw materials for 100 years, no less.
3. 19 countries on five continents where the company's factories and representative offices are located. The fact that the location of the main production facilities is the Siberian region allows the company to provide access to environmentally friendly and renewable hydropower, as well as direct proximity to China, whose market is considered the most promising in the world.
4. A huge production and raw material base optimizes the production cycle: it suspends the production of aluminum at inefficient enterprises, re-profiling them for the production of high value-added products, and builds new aluminum plants in Eastern Siberia in order to provide the company’s partners with metal when demand becomes high again.

The company's products are known in Europe and North America, in Southeast Asia, in Japan, China and Korea. In the transport, construction and packaging industries, it is most in demand.

Key performance indicators

After the experienced financial crisis and analysis of the situation on the world market, the United Company since 2011 has been embarking on a new ten-year development strategy aimed at strengthening the leading positions in the aluminum industry and continuing its activity in the changed market conditions.

The world's largest producer of aluminum and alumina, created in March 2007 as a result of the merger of Rusal, the third largest aluminum producer in the world, SUAL Group, one of the ten largest global producers of aluminum, and alumina assets of the Swiss company Glencore.

The company includes enterprises for the extraction of bauxite and nepheline ore, the production of alumina, aluminum and alloys, foil and packaging materials based on it, as well as energy assets. On five continents in 19 countries, more than 75 thousand people work at the company's enterprises.

• Until March 2007, Russian Aluminum (RUSAL) was the largest Russian aluminum company, the third largest aluminum producer in the world (10% of global metal production). Headquarters - in Moscow. Full name - Open Joint-Stock Company Russian Aluminum.

  Information Technology at Rusal

A separate topic is devoted to the development of information technologies at Rusal factories.

  History

2018

After the transaction, they will own a 26.5% stake in Rusal, that is, a blocking stake, writes Vedomosti.

The transaction amount is not called.

In different years, Mikhail Prokhorov owned from 14% to 17% of Rusal shares. In 2017, he sold 7% of the shares to Vekselberg and Blavatnik.

2017

  The shares of UC Rusal aluminum holding owned by Mikhail Prokhorov were transferred to Viktor Vekselberg

In August 2017, Zonoville Investments Limited acquired from Mikhail Prokhorov’s structures a 7 percent stake in UC Rusal, the world's largest aluminum producer. The beneficiaries of Zonoville Investments Limited are several shareholders of another major minority shareholder of aluminum holding company SUAL Partners, including the main owner of Renova Viktor Vekselberg. It was Vekselberg who was named the guarantor of the buyer in the transaction message, while Mikhail Prokhorov acts as the guarantor of the seller.

The cost of a 7 percent stake in UC Rusal is estimated at $ 503.885 million. At the same time, at the time of the publication of the transaction information, 7 percent of UC Rusal's shares were worth $ 714 million on the Hong Kong Exchange. The average cost of the package over the past six months is $ 482 million.

The search for buyers for the UC Rusal package (17.02 percent) of Onexim by Mikhail Prokhorov that he owned began in the summer of 2016. In negotiations with SUAL Partners, the possibility of buying 12 percent of the shares for $ 700 million was discussed. But while negotiations were ongoing, the situation changed: in the summer of 2016, UC Rusal quotes were near historical lows, however, over the year, the company's capitalization almost doubled and today amounts to 10.3 billion dollars. Onexim was not ready to sell securities at last year’s price. As a result, 3.32 percent of UC Rusal was sold on the stock exchange in February for $ 240 million. After the current deal, Onexim’s share in the aluminum holding will be reduced to 6.7 percent.

  2016: Prokhorov sells 12% of UC Rusal for $ 700 million to Vekselberg and Blavatnik

In October 2016, it became known that Onexim Mikhail Prokhorov will sell 12% of UC Rusal for $ 700 million. The stake is bought by co-owner of the company - Sual Partners Viktor Vekselberg and Leonard Blavatnik.

Onexim began to search for a buyer for a stake in UC Rusal after it searched the FSB headquarters in early June 2016. Later, the FSB reported that it was connected with the Tavrichesky Bank, which will reorganize the IFC controlled by Onexim. But sources surrounded by the owner of Onexim, Prokhorov and federal officials said that the searches were an act of intimidation: the Kremlin was unhappy with the editorial policy of RBC’s Oneksim media holding. After that, Vedomosti sources reported that Prokhorov was going to sell Russian assets. It is incorrect to draw a conclusion on the “sale of all assets in Russia” based on the fact of negotiations. We didn’t make any “decisions on this subject” - this is how Onexima CEO Dmitry Razumov reacted to this information. Nevertheless, in July 2016, Onexim sold a 20% stake in Uralkali to Belarusian businessman Dmitry Lobyak. The transaction amount was not disclosed.

“We want to increase our package [at UC Rusal]. It is reasonable, it is natural. We are in this company from the very beginning. We believe in this company. We see its great potential, ”Vekselberg said on October 26 to the Russia 24 television channel. He added that the deal would be closed soon.

For about 12% of the existing 17% stake in UC Rusal, Onexim will receive about $ 700 million, said three sources close to different sides of the upcoming transaction. Thus, the share of Sual Partners will grow from 15.8 to 27.8%. En + Oleg Deripaska at this time controls 48.13% of UC Rusal.

The deal may be closed by the end of November, says a source close to one of the shareholders of UC Rusal. The funds for the purchase of the package will be provided by VTB and Sberbank, but the size of the loan has not yet been determined, he adds. Earlier, Vedomosti’s interlocutors said that Sberbank had already approved Sual Partners financing for $ 350 million. But it’s not a fact that, as a result, Sberbank will participate in the transaction, a source close to Sberbank says. Until recently, Onexim’s stake was pledged by VTB on a repo transaction, but the bank later said that the size of the stake will be reduced from 17.02% to 13.16%.

A price of $ 700 million for 12% implies a premium to the current market price of 17.3%. If aluminum, which is currently trading near $ 1,600 per 1 ton (about 6% below annual highs), will start to rise in price, then UC Rusal may cost more and then this cannot be said to be a very good bonus, says the investment fund manager, who invests in including paper metallurgical companies.

But while there are no special prerequisites for rising metal prices - in China there is still an excess of it, the source said.

At the same time, Onexim will manage to receive $ 42.55 million in dividends from UC Rusal, the second in almost six years. On October 25, 2016, lenders allowed UC Rusal to pay $ 250 million in interim dividends. The registry closed on October 3. Payments are scheduled for completion on October 31. Onexim received the same amount of $ 42.55 million from UC Rusal in 2015.

Sual Partners buys 12% of UC Rusal to maintain shareholder agreement. According to it, the share of Onexim should not decrease less than 5%. In addition, such a package allows him to nominate one candidate whom UC Rusal will be required to nominate to the board of directors of Norilsk Nickel. Until the summer of 2010, Razumov was such a candidate. After that, representatives of Onexim were not elected to the council. In addition, the purchase of the entire stake would lead Sual Partners to put an offer to the remaining shareholders of UC Rusal. In case of purchase, 12% of this is not required.

In March 2012, Viktor Vekselberg, due to disagreements with the management of the company, resigned as chairman and member of the board of directors of Rusal.

 

---

Read:
Complex constructor: how a startup got rid of the dictatorship of retail chains Public Joint Stock Company in English abbreviated Request to the bank for the provision of information sample form How Sberbank and Google Enlighten Small Businesses Sberbank and Google will provide entrepreneurs with a free "Business Class"