The Corporate Conference of the Company's managers and specialists hold discussion of the main positions of Salavatnefteorgsintez JSC development strategy till 2020.
Today the 1st Corporate Conference of Salavatnefteorgsintez managers and specialists summarized the balance of the Company's work for 1H2010 and made public the main stages of development strategy till 2020.
The Company's net income for 1H2010 made RUB 2 billion 600 mln., operating revenue - RUB 55,4 bln., EBITDA - RUB 5,1 bln. Salavatnefteorgsintez JSC puts into operation HDPE production, updates oil refinery and mineral fertilizers production. In total the Company plans to implement RUB 7 bln. of capex in 2010.
Realization of Salavatnefteorgsintez development strategy till 2020 will take investments in the amount over RUB 100 bln. The main stake in strategy is placed on the profitability vector shift to the petrochemistry development.
In order to achieve strategic ends, and also for the purpose to increase overall performance, costs clearness and mobility in decision making, the Company goes on to divisional management structure. The number of administrative personnel will be cut down; a part of divisions will be taken out as outsourcers.
"Development strategy is stagewise, oftentimes analyzed and approved by the Board of Directors. The Company sets big, but attainable goals", marked Damir Shavaleev, Director General of Salavatnefteorgsintez JSC.
Wed, 21/07/2010 - 10:03
