Geography of business
Interactive analysis
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General information about the Company
Main Company details
- Open Joint-Stock Company Nuclear and Power Engineering (OJSC Atomenergomash)
- OGRN: 1067746426439, registered on 29/03/2006 Interdistrict Inspectorate of the Federal Tax Service No.46 for Moscow.
- Legal address: 119017, Moscow, ul. Bolshaya Ordynka, d. 24.;
- Mailing address: 115184, Moscow, Ozerkovskaya nab., 28, bldg. 3.
- Phone: 8 (495) 668-20-93
- Fax: +7(495) 668-20-95
- e-mail: aem@aem-group.ru
- Website: www.aem-group.ru
In 2013, additional share issue to a total of 8 billion rubles was made.
Equity capital
Equity Capital Structure
Full name of shareholder |
31.12.2012 |
31.12.2013 |
||
Shares placed |
Shares placed |
|||
Number of shares |
Number of shares |
|||
ea. |
% of Charter Capital |
ea. |
% of Charter Capital |
|
Open Joint-Stock Company Atomenergoprom |
490,386 |
66.4346 |
819,137 |
80.6296 |
Closed Joint-Stock Company AEM Leasing |
- |
- |
24,050 |
2.3673 |
INTERNEXCO GMBH |
92,344 |
12.5102 |
92,344 |
9.0896 |
Open Joint-Stock Company TVEL |
51,000 |
6.9092 |
51,000 |
5.0201 |
Open Foreign Economic Joint-Stock Company Techsnabexport |
28,935 |
3.92 |
28,935 |
2.8481 |
Limited Liability Company Energomashkompleks |
460 |
0.0623 |
460 |
0.0453 |
Closed Joint-Stock Company AEM Finance |
50,974 |
6.9057 |
- |
- |
Closed Joint-Stock Company AEM Invest |
24,050 |
3.2580 |
- |
- |
SPECIALIZATION OF THE ATOMENERGOMASH COMPANIES
Geography of business and Division structure
Geography of business and Division structure
- Division structure
- NPP
- OR, ORC, CS
- TPP
Key products
OJSC Atomenergomash specializes in production of equipment for nuclear power segment, including equipment for the reactor compartment, turbine plant equipment and auxiliary equipment for nuclear power plants. In addition, OJSC Atomenergomash is the sole producer of numerous equipment items for NPPs built using the Russian design:
Shell equipment |
Sole Russian producer of steam generators for Russian types of NPPs |
Pump equipment |
Sole Russian producer of main circulation pumps for Russian types of NPPs |
Valves |
Has the ability to manufacture more than 70% of the entire range of valves for NPPs |
Piping |
One of the largest producers of high-pressure pipes in Russia |
Fast neutron reactor plants |
Chief designer and single-source supplier of fast neutron reactor plants (supervised company OJSC Afrikantov OKBM) |
OJSC Afrikantov OKBM is a manufacturer of unique equipment:
Reactor plants for nuclear submarines and surface ships |
OJSC Afrikantov OKBM is the chief designer and manufacturer of shipbased reactor plants for the Navy |
Marine reactor plants for the icebreaker fleet |
OJSC Afrikantov OKBM is the chief designer and manufacturer of reactor plants for the nuclear icebreaker fleet |
Reactor plants for low and medium-capacity nuclear plants |
OJSC Afrikantov OKBM is the chief designer and manufacturer of reactor plants for surface and floating nuclear plants with low and medium capacity as well as the chief designer for the regional nuclear power industry |
Nuclear fuel handling equipment |
OJSC Afrikantov OKBM develops and supplies different types of equipment for handling nuclear fuel and the repair of marine and ship-based fast neutron reactors (including devices for the replacement and repair of pumps, heat exchangers, actuators of control and protection systems, handling mechanisms, elevators, etc.) and the reactor plants of nuclear heating plants |
In thermal power sector, Companies of OJSC Atomenergomash operate in the area of packaged supply of boiler islands consisting of a boiler and different types of auxiliary equipment:
OJSC Atomenergomash supplies power boilers and heat recovery steam generators (under the license of NEM Energy) for TPP power units with capacities ranging from 50 to 800 MW. ZiO-Podolsk has manufactured more than 700 boiler units with varying capacities and parameters for more than 150 Russian and foreign power plants.
Companies of OJSC Atomenergomash supply various equipment to largest Russian oil and gas companies. The key products of these Companies are:
- Air coolers of all modifications.
- Tower, capacitive and heat exchange vessels.
- Tubular, vertical and horizontal regenerative air heaters.
- Reactor equipment.
- Dust collector units of the CC (cyclonic collector).
- Piping connection components.
- Valves.
- Auxiliary equipment.
The base of the special steels segment is OJSC Energomashspetsstal, the largest producer of special cast and forged products for the power (wind, steam, hydro, nuclear), shipbuilding, metallurgy and general engineering industries.
The Company’s business model
The business model is a schematic description of the Company's activities designed to help assess the key factors of its success. It describes a system for managing available resources in order to achieve the goals set (achieve the results desired). The business model dynamically reflects the Company's activities, being focused on the transformation of the "capitals", which are the sources of resources. The company uses the capitals to create products. At that, the capitals are not only consumed, but built up, improved and modified as well.
Building up the capitals in the medium and long term implies the "value creation". This process implies implementation of projects aimed at achieving the Company's strategic and tactical objectives, increasing efficiency in all areas of its activity and creating new development opportunities.
The Company creates value not only for itself but for external stakeholders as well, because it interacts with the external environment and, for the purposes of its activity, operates public capitals, i.e. those not belonging (or partially belonging) to the Company.
Our Company has analyzed the classification of capitals proposed in the International Integrated Reporting Framework and took the opportunity of independent interpretation of the capital categories.
In this document, a natural capital is associated with the external environment, in which other capitals are present and the Company exists. The proposed business model of OJSC Atomenergomash uses a different approach, according to which the external environment of the organization includes not only the environment (the natural capital), but the humanity (social capital), i.e. the population of our planet, as well. Both capitals are not anyone's property, but are the sources for creation of all other capitals and are under the Company's influence.
Evaluation of such capitals cannot be performed by the Company, because it is the within the sphere of specialized research organizations. Due to that, the Company is only responsible for evaluation of its own influence (negative and positive) on the size of the capitals.
The relationship capital is referred to a separate group and includes all relations with all stakeholders (each of which represents certain public interest) as well as the brand and reputation of the Company.
In addition, the limits of other capitals have been partially modified (see table below).
The logic of the business model is described by such categories as "resources" (what is used for activities), "activities" (the main and supporting), "products" ("outputs" generated by different activities) and "results" (the key goals of the Company).
We have identified 7 types of capitals involved in the activities of OJSC Atomenergomash:
| № | Capital |
Description of capital | Development priorities |
| 1 | Natural | All natural resources and processes: the environment, including its condition and reproductivity | The Company responsibly monitors compliance with all environmental requirements and implements projects to minimize the impact: to reduce energy consumption and improve industrial safety. |
| 2 | Innovation | Intellectual property, including patents, know-how, engineering achievements, new technologies and products | One of the Company's strategic goals is technological leadership. Therefore an important task to finance R&D, including under joint projects with universities and international partners. |
| 3 | Social | Public well-being, living standard | Many companies of the Division are located in regions. Therefore, social programs for the population, creation of stable jobs for local population and payments to local budgets are important areas of the Company's activity. |
| 4 | Human | Human resources, including availability of personnel and its efficiency, including qualification, experience, knowledge and motivation. | The main objective of the Company is availability of skilled personnel in the long term. Therefore, to ensure availability of replacement personnel, young specialist training and knowledge transfer projects are being implemented, employees undergo training; in order to retain and motivate employees, comfortable and safe working conditions, stable fair salaries and social programs are provided. |
| 5 | Relationship | Alliances and cooperation agreements with stakeholders, including the order book, and the reputation and brand of the Company. | Joint projects with stakeholders are implemented, for example, joint R&D with universities. Cooperation agreements concluded with international partners enable development of production and innovation capitals of the Company as well as entering new markets. Customer management enables expansion of the order book. Internal communications are aimed at improving motivation and efficiency of personnel. |
| 6 | Financial and economic | Financial resources, level of economic efficiency. | To improve the economic efficiency, resources and processes are optimized in the first place. Also, profitability growth due to entering new markets and extending the order book. |
| 7 | Manufactured | Production capacity and infrastructure, equipment, production processes | The Company is implementing RPS and the comprehensive efficiency improvement program aimed at optimizing production processes and product quality improvement. In addition, modernization of the production sites is under way. |
The Company's management model
In 2013, the organizational structure of the Company was changed in order to optimize and bring it into compliance with the Unified Industry Guidelines. In the organizational structure, 5 management levels have been singled out that characterizes it as a flat one. At the same time, there are 9 senior managers directly subordinate to the CEO.
In the second half of 2013, in order to improve efficiency and cross-functional interaction within the Division, the following business segments combining the Division's companies based on key product segments were formed:
The role and place of the Company in the Nuclear Industry
Currently, the Russian nuclear industry is a system consisting of more than two hundred and fifty companies employing more than one hundred and ninety thousand people. The structure of the industry includes large research and production establishments: nuclear power industry enterprises, research institutes, organizations using the nuclear fuel cycle and those of the nuclear weapon establishment.
Due to the high degree of vertical integration, OJSC Atomenergomash participates in projects of Rosatom State Corporation to build NPPs in all stages of the value chain, starting from design, installation and configuration, to post-sale maintenance services and equipment modernization.
