Ural Electro-Chemical Plant’s Revenues Come to 23bn RUR
17 March 2017 (13:10)
UrBC, Yekaterinburg, March 17, 2017. Ural Electro-Chemical Plant, Novouralsk-based asset of Rosatom’s TVEL, made 22.9bn RUR in revenues last year, the plant’s Director-General Alexander Beloussov announced at a press conference in Yekaterinburg.
‘This wasn’t one of our best years, but the plant managed to keep operating stably and retain its share of the uranium enrichment market despite the economic crisis and fierce competition. 22.9bn RUR is our peak revenue figure in the last five years. The plant’s net profit thus reached 6.4bn RUR,’ Beloussov said.
According to Beloussov, the plant wasn’t planning on production expansion this year, but was going to focus on cost optimization, production upgrades, and infrastructure development instead.
‘Our upgrades and infrastructure development budget is going to remain the same as last year, at around 12bn RUR, that is. The funds will be invested in replacing the two remaining older centrifuge units with their new-generation counterparts. The entire replacement process will have been completed by the end of 2019,’ he said.
‘This wasn’t one of our best years, but the plant managed to keep operating stably and retain its share of the uranium enrichment market despite the economic crisis and fierce competition. 22.9bn RUR is our peak revenue figure in the last five years. The plant’s net profit thus reached 6.4bn RUR,’ Beloussov said.
According to Beloussov, the plant wasn’t planning on production expansion this year, but was going to focus on cost optimization, production upgrades, and infrastructure development instead.
‘Our upgrades and infrastructure development budget is going to remain the same as last year, at around 12bn RUR, that is. The funds will be invested in replacing the two remaining older centrifuge units with their new-generation counterparts. The entire replacement process will have been completed by the end of 2019,’ he said.
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