United Company RUSAL: structure, management, products

RUSAL Corporation or "Russian Aluminum" is one of the largest Russian private companies. This corporation also actively interacts with partners from neighboring countries and far abroad, and is one of the most powerful players in the relevant segment of the world market. What does it release? Who owns and manages the company?

General information about the company

RUSAL is considered one of the largest enterprises in our country and the world's largest producer of aluminum, as well as alumina. Legally, this enterprise is registered on the island of Jersey, which belongs to Great Britain. The total capacity of aluminum plants belonging to 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, and the Swiss company Glencore. It can be noted that the new joint corporation retained the symbols belonging to "Russian Aluminum".

In fact, in the structure of RUSAL corporation there are factories founded in the early Soviet period. Thus, the first domestic aluminum plant was launched in the USSR in 1932 in the city of Volkhov. The supplier of electricity at the enterprise was the Volkhov hydroelectric power station, bauxite raw materials were also mined nearby. In 1933 a similar enterprise was launched in Zaporozhye, in the Ukrainian SSR. In the late 30's, the development and extraction of bauxite began, and, accordingly, the production of aluminum and alumina in the Urals: Soviet industrialists launched the Ural Aluminum Plant.

When the Great Patriotic War began, the plant in Zaporozhye was captured, Volkhovsky was under threat, so Soviet manufacturers decided to build new plants in the rear - in Krasnoturyinsk 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 factories opened in Krasnoyarsk and Bratsk. With a view of maintenance of the given enterprises with alumina - at that time basically import, factories in Achinsk and Nikolaev have been constructed.

In 1985, the Sayanogorsk aluminum plant was opened in Khakassia. It can be noted that by the end of the 1980s the USSR came out on top in the world in the production of aluminum. The country exported metal quite actively. The Sayanogorsk aluminum plant contributed greatly to the growth of this industry. But soon after its opening in the USSR, certain difficulties, perestroika, and then the disintegration of the country began.

The formation of the corporation "Russian Aluminum" was preceded by the period of inclusion in the world market of two other major players in the metallurgical market - Siberian Aluminum, as well as Sibneft, which also had aluminum assets. In 2000, these corporations consolidated their assets, resulting in the formation of "Russian Aluminum". заводы по производству алюминия в России и Украине. The corporation included the largest aluminum plants in Russia and Ukraine.

Subsequently, the company began to actively deploy activities abroad. But also in the Russian market the corporation also actively developed. 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 industry in its segment in Russia.

As for the other subject of the transaction, as a result of which the corporation RUSAL was formed - the company SUAL, it can be noted that this corporation was founded in 1996 in Kamensk-Uralsky. In the course of its development, it quite actively bought enterprises for the production of aluminum - but, as a rule, relatively small. Also, this company acquired Zaporizhzhya aluminum smelter. 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, otherwise or in 2007, the two companies merged, resulting in the formation of OAO RUSAL.

The company during the crisis of 2008-2009

The Corporation had to overcome rather serious difficulties during the economic recession in Russia in 2008-2009. It is known that the firm experienced difficulties with repayment of loans. However, the corporation managed to cope with the problems. In the period from October to December 2009, RUSAL concluded a number of agreements with large banks, both Russian and foreign, about the restructuring of debts worth about 16.8 billion US dollars.

Who owns and manages the corporation?

It will be useful to consider the structure of ownership of the corporation, as well as the way it has changed over time.

Until 2010, the largest shareholder of the company was the holding En +, which was controlled by Oleg Deripaska. The next largest share of assets belonged to Sualu. The ONEXIM Group, which owned Mikhail Prokhorov, owned the third-largest stake in the corporation. ОАО «РУСАЛ» являлась компания Glencore. Another major shareholder of OJSC RUSAL was Glencore.

In January 2010, the corporation carried out an IPO on the sites of the Hong Kong Stock Exchange. During the bidding, the company managed to sell about 10.6% of the shares for $ 2.24 billion. All the assets of the corporation were valued at about $ 21 billion. It can be noted that the main investors in the business were Vnesheconombank, as well as the Libyan Investment Authority, which represented Libya. These corporations acquired, respectively, 3.15% and 1.43% of securities of the Russian aluminum giant. After the IPO, the share of the key shareholders of the enterprise changed somewhat: 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 shares of Russian Aluminum. Glencore Corporation owns 8.75% of the assets of the Russian aluminum company. In the free trade regime, 10.04% of the company's shares are drawn. It can be noted that 0,26% of securities of "Russian aluminum" belong to the management of the firm. At the same time, the general director of the corporation owns 0.23% of the company's shares.

Company management

Chairman of the Board of Directors of OJSC RUSAL since the company was founded was Viktor Vekselberg. In 2012, he announced his resignation. In October 2012, the Board of Directors of the corporation was headed by Matthias Warnig. The company's president is Oleg Deripaska. Vladislav Soloviev occupies the position of Director General of Russian Aluminum.

The main activities of the corporation

We will study in more detail what RUSAL is doing.

The main activity of the corporation, as we noted above - the production of alumina and aluminum. Among the schemes used to organize the production of the corporation are tolling, where raw materials are imported from abroad, processed at Russian Aluminum plants, and the finished product is then transported abroad.

The company RUSAL quite actively interacts with other major corporations. For example, together with RAO UES of Russia, it implemented a project for the construction of the Boguchanskaya HPP, as well as an aluminum smelter with a capacity of about 600,000 tons in the Krasnoyarsk Territory. The Corporation initiated the construction of many large enterprises of the industry. Let's consider what of them are key today in the company's activity.

Activity of RUSAL: factories

Plant factories can be classified into the following main categories:

- enterprises that produce aluminum;

- factories for the production of alumina;

- enterprises engaged in bauxite mining;

- factories that produce foil.

At the same time, in each of the marked categories of plants there are both Russian and foreign firms.

Plants for the production of aluminum

The first combine for the production of aluminum in the USSR, as we noted above - Volkhovsky, was founded in 1932 and still operates. Its capacity is not the greatest, for some information - about 24 thousand tons, but nevertheless this enterprise is a significant infrastructure object of the company.

After Volkhovsky, in 1939 the Urals Aluminum Smelter in Kamensk-Uralsky was launched. It also functions until now, but is now mainly engaged in the production of alumina.

Enterprises built during the Great Patriotic War - Novokuznetsk and Bogoslovsky aluminum plants, opened, respectively, in 1943 and 1944. They are also working successfully until now. The Bogoslovsky Aluminum Plant produces mainly alumina, and also has a foundry site. The company produces treads 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 enterprise RUSAL, belonging to the first category - "Krasnoyarsk Aluminum Plant". It has a capacity of about 1008 thousand tons. "Krasnoyarsk Aluminum Plant" was founded in 1964 in Krasnoyarsk and is one of the key industrial centers of the corresponding segment of Russian industry. The second largest combine, RUSAL, for the production of aluminum is located in Bratsk. It was founded in 1966. Its capacity is about 1006 thousand tons. The third largest combine, RUSAL in the corresponding category, is the Irkutsk Aluminum Smelter. It was founded in 1962. Irkutsk Aluminum Smelter has a capacity of about 529 thousand tons. This plant is located in Shelekhov.

Among the enterprises of RUSAL, which are supposed to diversify - Volgograd aluminum plant. It is planned, in particular, to launch the production of burnt anodes. The Volgograd aluminum plant has the necessary infrastructure for the production of rolled metal. Its foundry capacity is about 60 thousand tons per year.

Abroad, aluminum plants RUSAL is in the Swedish city of Sundsvall, as well as in the Nigerian Ikot Abasi.

Plants for the production of alumina

If to speak about aluminous combines RUSAL, in Russia the largest enterprises of the corresponding type are, as we noted above, Bogoslovskiy, Ural aluminum smelters, and also mills in Achinsk and Boksitogorsk.

Abroad, RUSAL's alumina enterprises are located in Mykolayiv, Guinea Fri, Australian Gladstone, Irish Oginis, Italian Portovesme, and Jamaican cities Kirkwein and Mandeville.

Bauxite mining companies

The largest Russian bauxite mining companies owned by RUSAL are located in the Ukhta district, in Severouralsk, Belogorsk. Abroad - in Guiana Georgetown, in Fria, as well as another Guinean city - Kindia.

Plants for the production of foil

The foil is produced by the Russian enterprises of RUSAL, which are located in Sayanogorsk, Dmitrov and Mikhailovsk. There is a large factory for the production of foil - 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, foil. The corporation owns the factories, which form a complete industrial chain - from mining plants to rolling mills. This feature of production organization allows the company to achieve the highest quality products. Russian aluminum is valued in the world in many respects for its high quality.

The key production facilities of the corporation are located in Siberia, which, on the one hand, gives the company the opportunity to access the region's natural resources, and on the other, brings its infrastructure closer to one of the largest consumers of aluminum, China.

Prospects of business development

We will study what the prospects of business development, which builds the Russian aluminum company, are. As experts say, RUSAL is trying to optimize the output of its products taking into account the changing demand in the world market. So, the emphasis is supposed to be made on the production of products with high values of added value. RUSAL is building high-performance production facilities in Eastern Siberia, which will give the company the opportunity to supply customers with metal when the demand for it increases.

RUSAL owns a huge amount of raw materials, has its own infrastructure for scientific and technical development, which can help to optimize the output and reduce its cost. Another important task of RUSAL is to create an energy base that allows to increase the level of autonomy of production through the development of own electricity. In this direction, the corporation cooperates with RusHydro within the framework of the Boguchanskaya HPP construction project .

Actively, RUSAL is also developing international relations, both in the near and far abroad. "Russian aluminum" - an active participant in the development of the Russian market in the relevant segment.

The company initiated the formation of the Aluminum Association, which, as experts say, plays a significant role in overcoming the economic recession at the current stage of development of the Russian national economy. The corporation's capabilities are of great importance from the point of view of restoring the indicators of the corresponding segment of the Russian economy and its successful development.