Rusal company is official. United company rusal: structure, management, products


Non-state educational institution higher professional education

INSTITUTE OF INTERNATIONAL LAW AND ECONOMICS NAMED AFTER A.S. GRIBOEDOV"

Faculty of Economics

(FULL-TIME DEPARTMENT)

SPECIALTY: Finance and credit

DEPARTMENT: Management

COURSE WORK ON THE TOPIC:

“Analysis of the management system of OJSC RUSAL.”

Completed

with a 3rd 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 external environment organizations……………………….14

Section 3. Analysis of the internal environment of the organization…………………19

Section 4. Defining the mission of the company

and building a “goal tree”…………………………………….21

Section 5. Design of an organization’s management structure….23

Section 6. Development of the concept of organized culture……...25

Section 7. Work motivation…………………………………………..28

Conclusion………………………………………………………31

References……………………………………………………………………...32

Introduction.

Today, a market economy is actively developing in our country, many large and small enterprises are thriving, despite all the difficulties economic situation The Russian Federation, and the period of the global economic and financial crisis, then go bankrupt, go bankrupt, and close.

What is the reason for the success of some enterprises and the failure of others? Obviously, in the leadership of the company, namely the management of the company.

In this work, I am going to analyze the management system of a specific organization operating in a market environment. For analysis, I chose the United Company RUSAL. This is the largest domestic corporation, producer of aluminum and alumina.

This organization is interesting due to its active development, vibrant life, interesting structure and on a global scale, and using her example, I am going to understand the management structure, the external and internal environment of the organization, measures of personnel motivation, setting tasks and goals, and the organization.

Section 1. Characteristics of the object of analysis - the company.

OJSC RUSAL – is a consolidated company, the world's largest producer of aluminum and alumina, created in March 2007 as a result of the merger of the Company RUSAL, which ranked third in the world in aluminum production, the Group SUAL, one of the ten largest global aluminum producers, and the 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 support its own aluminum production.

The quality of our products meets the main international and Russian standards and meets the highest consumer requirements. The company's brands are registered on the London Metal Exchange (LME).

The company's strategy takes into account the need to constantly expand the range of products. In this case, the most important guideline is the needs of customers. The company is ready to develop fundamentally new technological solutions, create, together with clients, new alloys and materials that best suit the assigned tasks. Quality indicators and customer satisfaction are regularly monitored. This approach helps develop long-term relationships with domestic and foreign clients.

The united company has a powerful scientific and technical base. At the same time as investing in production growth, the Combined Company is investing heavily in R&D and modernization of plant laboratories, resulting in improved product quality and customer satisfaction.

Legal status.

The legal status of OJSC RUSAL is determined by the civil code Russian Federation“On joint stock companies”, and other legal acts of the Russian Federation.

History of education and life cycle of the organization.

In 2000, Oleg Deripaska and Roman Abramovich reached an agreement to merge their aluminum assets in order to create 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 global aluminum production was 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 the formation of RUSAL, 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 progressive development.

In order to increase production output and reduce emissions, a modernization program was launched at RUSAL enterprises. In particular, the Krasnoyarsk and Sayanogorsk aluminum smelters were subjected to full-scale modernization, and production at the Nikolaev Alumina Refinery was expanded. At the end of 2003, reconstruction of the ARMENAL plant in Armenia, acquired by RUSAL in 2000, began. At the beginning of 2004, the company began construction of a plant for the production aluminum cans in Vsevolozhsk. In 2006, RUSAL launched the Khakass plant, which became the first aluminum plant built in Russia over the past 20 years.

RUSAL has always paid Special attention expanding its raw material base.

In 2001-2002, when the Compagnie des Bauxites de Kindia mining plant and the Friguia bauxite-alumina plant in Guinea came under the control of RUSAL, the company increased its self-sufficiency in raw materials by 25%. In 2006, RUSAL also acquired a controlling stake in the 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, the list of RUSAL's international assets was supplemented by the ALSCON aluminum smelter in Nigeria, a cathode plant in China and the Eurallumina alumina plant in Italy.

In its activities, RUSAL has always been guided by the principles of socially responsible behavior and constantly worked to improve the corporate governance system. In 2006, the company disclosed information about its ownership structure, as well as key production and financial indicators. A Code of Ethics was adopted and independent members were invited to the company's Board of Directors. These steps once again confirmed RUSAL's commitment to increasing the level of transparency of the company, as well as its commitment to high standards of corporate governance and business conduct. RUSAL became the first company in Russia to publish a Corporate Responsibility Report in accordance with UN rules.

Simultaneously 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 capitals 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 smelter and merged the assets with the SevZapProm company. As a result of the merger, the number of factories owned by SUAL increased to 19; The company included the Volkhov and Volgograd aluminum smelters and the Pikalevsky alumina plant. 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 Zaporozhye 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 emerged in Russia, occupying significant positions in the international aluminum market.

In 2007, the process of consolidation of the Russian aluminum industry was completed. As a result of the merger of the aluminum and alumina assets of the RUSAL Company, which ranked third in the world in aluminum production, the SUAL Group, one of the world's top ten aluminum producers, and the alumina assets of the Swiss company Glencore, the United Company "Russian Aluminum" was created - the world's largest aluminum producer and alumina. The United Company accounted for about 11% of global aluminum production and 13% of alumina in 2008. UC RUSAL operates in 19 countries on 5 continents, with a total workforce of more than 75,000 people. It includes 16 aluminum smelters, 11 alumina refineries, 8 bauxite mining enterprises, 3 powder production enterprises, 3 silicon production enterprises, 3 secondary aluminum production plants, 3 foil rolling plants, 2 cryolite plants, 1 cathode plant. The Company's production volume in 2008 amounted to 4.4 million tons of aluminum and 11.2 million tons of alumina.

The size of the organization and the territorial location of the company.

UC RUSAL is the world's largest producer of aluminum and alumina. The company's enterprises employ 90 thousand people on five continents in 19 countries.

The map shows the geography of the company, that is, the location of the company's enterprises and factories around the world. The main office of the company is located in Moscow at the address: Nikolyamskaya street, building 13, building 1.

Characteristics of the type of control.

RUSAL is developing a corporate governance system in accordance with the best global standards and practices of public international corporations.

The quality of corporate governance contributes to the successful development and increase in the investment attractiveness of the company, provides additional guarantees to shareholders, partners, clients and helps to strengthen the internal control system.

Interacting with international institutions such as the EBRD and IFC, the United Company adopted corporate governance standards based on the principles of transparent and responsible business conduct.

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RUSAL Corporation or “Russian Aluminum” is one of the largest Russian private companies. This corporation also actively interacts with partners representing countries 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?

General information about the company

The RUSAL company 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 Great Britain. 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.

History of the enterprise

RUSAL was founded in 2007 as a result of the merger of the assets of Russian enterprises - Russian Aluminum, SUAL, and the Swiss company Glencore. It may be noted that the new united corporation retained the symbols belonging to Russian Aluminum.

In fact, in the structure of the RUSAL corporation there are factories founded in the early Soviet period. Thus, the first domestic aluminum smelter 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. At the end of the 30s, the development and extraction 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 captured, Volkhovsky was under threat, so 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 factories began to open in the regions Eastern Siberia. In the 1960s, the world's largest aluminum factories opened in Krasnoyarsk and Bratsk. In order to supply these enterprises with alumina - at that time mainly imported - plants were built in Achinsk and Nikolaev.

In 1985, the Sayanogorsk aluminum smelter 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 was quite active in exporting metal. The Sayanogorsk aluminum smelter contributed greatly to the growth of this industry. But soon after its opening, certain difficulties began in the USSR, perestroika, and then the collapse of the country.

The formation of the Russian Aluminum corporation was preceded by the period of inclusion of two other major players in the metallurgy market in the world market - Siberian Aluminum, as well as Sibneft, which also had aluminum assets. In 2000, these corporations combined their assets, resulting in the formation of Russian Aluminum. This corporation included the largest aluminum production plants in Russia and Ukraine.

Subsequently, the company began to actively expand its activities abroad. But the corporation was also actively developing on the Russian market. So, in 2006, the Khakass aluminum smelter 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 the RUSAL corporation was formed - the SUAL company, it can be noted that this corporation was founded in 1996 in Kamensk-Uralsky. During its development, it quite actively bought aluminum production enterprises - but, as a rule, relatively small ones. Also this company acquired the Zaporozhye 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 both companies merged, as a result of which OJSC RUSAL was formed.

The company during the crisis of 2008-2009

The corporation had to overcome quite great difficulties during the economic recession in Russia in 2008-2009. It is known that the company had difficulties repaying loans. However, the corporation managed to overcome the problems. Between October and December 2009, RUSAL entered into a series of agreements with large banks, both Russian and foreign, to restructure debts amounting to approximately $16.8 billion.

Who owns and runs the corporation?

It can be helpful to look at a corporation's ownership structure and 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 stake in the corporation. Another major shareholder OJSC RUSAL was a Glencore company.

In January 2010, the corporation carried out an IPO on 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 the main investors in the business were Vnesheconombank, as well as the Libyan Investment Authority fund, which represented Libya. These corporations acquired, respectively, 3.15% and 1.43% of the securities of the Russian aluminum giant. After the IPO, the shares of the company's key shareholders 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. The ONEXIM Group owns 17.02% of the shares of Russian Aluminum. Glencore Corporation owns 8.75% of the assets of the Russian aluminum company. 10.04% of the company's shares are traded under free trade. It can be noted that 0.26% of Russian Aluminum securities belong to the company’s management. At the same time, the general director of the corporation owns 0.23% of the company's shares.

Company management

The Chairman of the Board of Directors of OJSC RUSAL from the moment the company was founded was Viktor Vekselberg. In 2012, he announced his retirement. 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 General Director of Russian Aluminum is held by Vladislav Solovyov.

The main activities of the corporation

Let's take a closer look at what RUSAL does.

The main activity of the corporation, as we noted above, is the production of alumina and aluminum. Among the schemes used by the corporation for organizing production is tolling, in which raw materials are imported from abroad, processed at Russian Aluminum factories, and the finished product is then transported abroad.

The RUSAL company interacts quite actively 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. Let's consider which of them are key in the company's activities today.

Activities of RUSAL: factories

Enterprise plants can be classified into the following main categories:

Enterprises producing aluminum;

Alumina production plants;

Enterprises engaged in bauxite mining;

Factories producing foil.

Moreover, in each of the noted categories of factories there are both Russian and foreign companies.

Aluminum factories

The first aluminum production plant in the USSR, as we noted above, Volkhovsky, was founded in 1932 and is still in operation. Its capacity is not the largest, according to some sources - about 24 thousand tons, but nevertheless this enterprise is a significant infrastructure facility of the company.

After Volkhovsky, in 1939 the Ural Aluminum Plant was launched in Kamensk-Uralsky. It also still operates, but is now mainly engaged in the production of alumina.

Enterprises built during the Great Patriotic War— Novokuznetsk and Bogoslovsky aluminum smelters, opened in 1943 and 1944, respectively. They are also still working successfully. It produces mainly alumina, and also has a foundry section. The company produces protectors made of aluminum and its various alloys. The plant's capacity is about 960 thousand tons of alumina per year. The Novokuznetsk plant continues to specialize in the production of aluminum.

The most powerful enterprise of RUSAL, belonging to the first category, is the 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. RUSAL's second largest aluminum production 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 Smelter. It was founded in 1962. The Irkutsk aluminum smelter has a capacity of about 529 thousand tons. This plant is located in Shelekhov.

Among the RUSAL enterprises that are expected to diversify is the Volgograd Aluminum Plant. In particular, it is planned to launch the production of baked anodes there. The Volgograd aluminum smelter has the necessary infrastructure for the production of rolled products. Its foundry capacity is about 60 thousand tons per year.

Abroad, RUSAL aluminum smelters are located in the Swedish city of Sundsvall, as well as in the Nigerian city of Ikot Abasi.

Alumina plants

If we talk about RUSAL alumina refineries, then the corresponding type are, as we noted above, the Bogoslovsky, Ural aluminum smelters, as well as the plants in Achinsk and Boksitogorsk.

Abroad, RUSAL alumina production enterprises are located in the Ukrainian Nikolaev, Guinean Fria, Australian Gladstone, Irish Oginish, Italian Portovesma, as well as the Jamaican cities of Kirkvine and Mandeville.

Bauxite mining enterprises

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

Foil production plants

The production of foil is carried out by Russian enterprises RUSAL, which are located in Sayanogorsk, Dmitrov and Mikhailovsk. There is a large foil production plant - the second most powerful of all those owned by Russian Aluminum - in the capital of Armenia, Yerevan.

It can be noted that the corporation’s assets include enterprises that produce not only aluminum itself, but also, in particular, its alloys and foil. The corporation owns factories that form a complete production chain - from mining plants to rolled steel production plants. This feature Organization of production allows the company to achieve the highest quality products. Russian aluminum is valued throughout the world largely for its high quality.

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

Business development prospects

Let's study what are the prospects for the development of the business that the Russian aluminum company is building. As experts note, RUSAL is trying to optimize the output of its products taking into account changing demand on the world market. Thus, the emphasis is supposed to be on the production of products with high added value. RUSAL is building highly efficient production facilities in Eastern Siberia that will enable the company to supply customers with metal when demand increases.

The RUSAL company owns huge reserves of raw materials and has its own infrastructure for carrying out scientific and technical developments that can help optimize product output and reduce its cost. Another important task of RUSAL is to create an energy base that will allow increasing the level of autonomy of production by generating its own electricity. In this direction, the corporation is collaborating with the RusHydro company as part of the implementation of the project for the construction of the Boguchanskaya HPP.

RUSAL is 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 relevant segment.

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

The world's largest producer of aluminum and alumina, created in March 2007 as a result of the merger of the Rusal Company, which ranked third in the world in aluminum production, the SUAL Group, one of the ten largest global aluminum producers, and the 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. More than 75 thousand people work at the company's enterprises on five continents in 19 countries.

  • 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 section is devoted to the development of information technology at Rusal factories.

Story

2018

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

The transaction amount is not disclosed.

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

2017

The shares of the aluminum holding UC Rusal that belonged to Mikhail Prokhorov were transferred to Viktor Vekselberg

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

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

The search for buyers for Mikhail Prokhorov’s Onexim stake in UC Rusal (17.02 percent) began in the summer of 2016. During negotiations with SUAL Partners, the possibility of purchasing a 12 percent stake for $700 million was discussed. But while negotiations were underway, the situation changed: in the summer of 2016, UC Rusal’s quotes were near historical lows, but over the year the company’s capitalization almost doubled and today stands at $10.3 billion. Onexim was not ready to sell securities at last year's price. As a result, 3.32 percent of UC Rusal were 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 the company of Vekselberg and Blavatnik

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

Onexim began looking for a buyer for a stake in UC Rusal after the FSB conducted searches at the company’s head office in early June 2016. Later, the FSB reported that this was connected with the Tavrichesky Bank, which was sanitizing the Onexim-controlled IFC. But sources close to the owner of Onexim, Prokhorov, and federal officials said that the searches were an act of intimidation: the Kremlin was dissatisfied with the editorial policy of the media holding RBC, owned by Onexim. After this, Vedomosti sources reported that Prokhorov was going to sell Russian assets. It is incorrect to draw a conclusion about the “sale of all assets in Russia” based on the fact of negotiations. “We have not made any decisions on this topic” - this is how Onexim CEO Dmitry Razumov responded 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 stake [in UC Rusal]. It's reasonable, it's natural. We have been in this company from the very beginning. We believe in this company. We see its great potential,” Vekselberg told the Rossiya 24 TV channel on October 26. He added that the deal will be closed soon.

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

The deal could be closed by the end of November, says a source close to one of the shareholders of UC Rusal. 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 $350 million in financing for Sual Partners. But it is not a fact that Sberbank will ultimately participate in the deal, says a source close to Sberbank. Until recently, the Onexim stake was pledged under a repo transaction with VTB, but later the bank announced that the size of the stake would be reduced from 17.02 to 13.16%.

The price of $700 million for 12% implies a premium to the current market price of 17.3%. If aluminum, which is currently trading around $1,600 per ton (about 6% below annual highs), begins to rise in price, then UC Rusal may cost more and then we cannot say that this is a very good premium, says the manager of an investment fund that invests, among other things, in papers of metallurgical companies.

But so far there are no special prerequisites for an increase in metal prices - there is still a surplus in China, the source notes.

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, creditors allowed UC Rusal to pay $250 million in interim dividends. The register closed on October 3. Payments are scheduled to be completed on October 31. Onexim received the same amount – $42.55 million – from UC Rusal in 2015.

Sual Partners buys 12% of UC Rusal to maintain the 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 to the board of directors of Norilsk Nickel, whom UC Rusal will be obliged to nominate. Until the summer of 2010, such a candidate was Razumov. Afterwards, Onexim representatives were not elected to the council. In addition, the purchase of the entire stake would lead Sual Partners to the need to make an offer to the remaining shareholders of UC Rusal. If you purchase 12%, this will not be required.

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

The history of RUSAL is interesting and in many ways instructive. The results of its active development and global scale are obvious. Without it there would have been no “golden age of aluminum”

 

Reference Information:

  • Company name: United Company RUSAL;
  • Legal form activities: public company;
  • Kind of activity: production of aluminum, aluminum alloys and other aluminum products, alumina production, bauxite mining, investments in securities;
  • Revenue for 2016:$7,983 million;
  • 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 world's largest aluminum producers. Last year he was awarded the title of "Leader of the Aluminum Industry" at international competition Platts Global Metals Award.

For reference: Platts is one of the most influential quotation companies news agencies in the world. It specializes in publishing price quotes for oil, petroleum products, natural gas, petrochemical products and industrial metals traded in different regions peace. The Platts Global Metals Award is an annual Platts award aimed at recognizing metallurgical companies that have achieved outstanding results in the areas of innovation, environment and safety.

The award recognized the company's reduction in production costs, adherence to production discipline and strict cost control during a period when market conditions were not developing in the best way.

Raw aluminum, its alloys, foil and alumina - the largest part products manufactured by the company. UC RUSAL includes a whole range of enterprises involved in creating the final product, from mining to aluminum and foil rolling plants. Similar organization allows you to control the production process at every stage, ensuring high quality products.

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

For information: Interbrand is an international consulting agency founded in 1974 and specializing in providing branding services. Since 2000, it has been publishing analytical national ratings.

The largest beneficiary and President of RUSAL is Oleg Deripaska.

History of creation

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

Rice. 1. OK RUSAL logo.
Source: official website of JSC RUSAL

Before the merger

The first aluminum smelter in Russia was launched in Volkhov in 1932. The local hydroelectric power station became the energy supplier, and bauxite mining was carried out near present-day Boksitogorsk.

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

During the Great Patriotic War, the construction of factories began in the rear. Zaporozhye was lost, Volkhovsky was under threat of capture, and the aviation industry plant needed aluminum.

After the war, it was already required by the arms race. Production is energy-intensive, so they tried to build enterprises close to power plants under construction. Thus, factories in Eastern Siberia were opened almost in the area of ​​construction of the Angara-Yenisei hydroelectric power station cascade.

The world's largest aluminum smelters were built in Krasnoyarsk and Bratsk in the 1960s. They were provided with alumina by enterprises in Achinsk and Nikolaev. The last aluminum industry enterprise built during the Soviet period was Sayanogorsk in Khakassia.

Late 1980s Soviet Union called the world leader in aluminum production.

90s perestroika

The hyperinflation of the early 90s, the abolition of budget funding and broken ties with suppliers of raw materials from the former republics of the Union paralyzed the work of many industrial enterprises in the country. Aluminum smelters did not escape this fate either. The entire industry finds itself in a difficult situation.

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

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

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

The profit from the Sayanogorsk plant was enough for Oleg Deripaska to build another foil rolling plant, SAYANAL. It was soon recognized as the best in the industry, all thanks to its technological and environmental performance.

By 1998, the SIBAL Group had become a large vertically integrated structure with a powerful production base and an established sales network.

The fight against crime that unfolded in the country bore fruit, and by the end of the century one could safely say that there was a decline in the rampant organized crime. And in 2000, with the introduction of duties on the export of raw aluminum, we can count on the civilized development of the aluminum industry in Russia and the consolidation of enterprises that were so far scattered.

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

Recent history: 21st century

In the next few years, the company will include:

  • foil rolling plant ARMENAL in Armenia;
  • Novokuznetsk Aluminum Plant (NKAZ);
  • Belokalitvinsky Metallurgical Association (BKMPO);
  • 2 Guinean enterprises - the Friguia bauxite-alumina plant and the KBK mining plant;
  • All-Russian Aluminum-Magnesium Institute (VAMI) to carry out design work within the framework of the company’s investment and construction projects;
  • An engineering and technology center where RUSAL's research and design activities are concentrated.

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

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

In the same 2006, the company bought the Boksitogorsk aluminum smelter and launched the Khakass aluminum smelter - the first enterprise in the industry built in Russia after a 20-year break.

In 2006-2007 Forbes magazine calls UC Rusal number 1 on the list of the largest non-public companies.

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

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

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

  • violations of covenants under loan agreements;
  • delays on previously taken loans;
  • Alfa Bank's application for bankruptcy recognition subsidiaries UC RUSAL - Krasnoyarsk Aluminum Smelter and SUAL.

In January 2009, the Board of Directors appoints General Director Oleg Deripaska's company.

Modern United Company "RUSAL"

Having united the country's largest aluminum smelters, RUSAL is today among the world's leading aluminum producers and among the top three Russian metallurgical companies with EVRAZ of 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 deposits of bauxite, which means that the company’s production is provided with its own reserves of raw materials for at least 100 years.
  3. 19 countries on five continents where the company's factories and representative offices are located. The fact that the main production facilities are located in the Siberian region allows the company to provide access to clean and renewable hydroelectric power, as well as close proximity to China, whose market is considered the most promising in the world.
  4. The huge production and raw material base optimizes the production cycle: it suspends the production of aluminum at inefficient enterprises, repurposing them for the production of products with high added value, and instead builds new aluminum plants in Eastern Siberia, making it possible to provide the company’s partners with metal when demand becomes high again.

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

Key performance indicators

After experiencing the financial crisis and analyzing the situation on the global market, in 2011 the United Company began implementing a new ten-year development strategy aimed at strengthening its leading position in the aluminum industry and continuing to operate in a changed market environment.

Non-state educational institution of higher professional education

INSTITUTE OF INTERNATIONAL LAW AND ECONOMICS NAMED AFTER A.S. GRIBOEDOV"

Faculty of Economics

(FULL-TIME DEPARTMENT)

SPECIALTY: Finance and credit

DEPARTMENT: Management

COURSE WORK ON THE TOPIC:

“Analysis of the management system of OJSC RUSAL.”

Completed

3rd 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. Defining the mission of the company

and building a “goal tree”…………………………………….21

Section 5. Design of an organization’s management structure….23

Section 6. Development of the concept of organized culture……...25

Section 7. Work motivation…………………………………………..28

Conclusion………………………………………………………31

References……………………………………………………………………...32

Introduction.

Today, a market economy is actively developing in our country, many large and small enterprises are either thriving, despite all the difficulties of the economic situation of the Russian Federation, and the period of the global economic and financial crisis, or going bankrupt, going bankrupt, or closing.

What is the reason for the success of some enterprises and the failure of others? Obviously, in the leadership of the company, namely the management of the company.

In this work, I am going to analyze the management system of a specific organization operating in a market environment. For analysis, I chose the United Company RUSAL. This is the largest domestic corporation, producer of aluminum and alumina.

This organization is interesting due to its active development, vibrant life, interesting structure and global scale, and using its example, I am going to understand the management structure, the external and internal environment of the organization, measures to motivate staff, setting tasks and goals, and the organization.

Section 1. Characteristics of the object of analysis - the company.

OJSC RUSAL – is a consolidated company, the world's largest producer of aluminum and alumina, created in March 2007 as a result of the merger of the Company RUSAL, which ranked third in the world in aluminum production, the Group SUAL, one of the ten largest global aluminum producers, and the 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 United Company's enterprises goes to support its own aluminum production.

The quality of our products meets the main international and Russian standards and meets the highest consumer requirements. The company's brands are registered on the London Metal Exchange (LME).

The company's strategy takes into account the need to constantly expand the range of products. In this case, the most important guideline is the needs of customers. The company is ready to develop fundamentally new technological solutions, create, together with clients, new alloys and materials that best suit the assigned tasks. Quality indicators and customer satisfaction are regularly monitored. This approach helps develop long-term relationships with domestic and foreign clients.

The united company has a powerful scientific and technical base. At the same time as investing in production growth, the Combined Company is investing heavily in R&D and modernization of plant laboratories, resulting in improved product quality and customer satisfaction.

Legal status.

The legal status of OJSC RUSAL 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 life cycle organizations.

In 2000, Oleg Deripaska and Roman Abramovich reached an agreement to merge their aluminum assets in order to create 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 global aluminum production was 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 the formation of RUSAL, 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 progressive development.

In order to increase production output and reduce emissions, a modernization program was launched at RUSAL enterprises. In particular, the Krasnoyarsk and Sayanogorsk aluminum smelters were subjected to full-scale modernization, and production at the Nikolaev Alumina Refinery was expanded. At the end of 2003, reconstruction of the ARMENAL plant in Armenia, acquired by RUSAL in 2000, began. At the beginning of 2004, the company began construction of a plant for the production of aluminum cans in Vsevolozhsk. In 2006, RUSAL launched the Khakass plant, which became the first aluminum plant built in Russia over the past 20 years.

RUSAL has always paid special attention to expanding its raw material base.

In 2001-2002, when the Compagnie des Bauxites de Kindia mining plant and the Friguia bauxite-alumina plant in Guinea came under the control of RUSAL, the company increased its self-sufficiency in raw materials by 25%. In 2006, RUSAL also acquired a controlling stake in the 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, the list of RUSAL's international assets was supplemented by the ALSCON aluminum smelter in Nigeria, a cathode plant in China and the Eurallumina alumina plant in Italy.

In its activities, RUSAL has always been guided by the principles of socially responsible behavior and constantly worked to improve the corporate governance system. In 2006, the company disclosed information about its ownership structure, as well as key production and financial indicators. A Code of Ethics was adopted and independent members were invited to the company's Board of Directors. These steps once again confirmed RUSAL's commitment to increasing the level of transparency of the company, as well as its commitment to high standards of corporate governance and business conduct. RUSAL became the first company in Russia to publish a Corporate Responsibility Report in accordance with UN rules.

Simultaneously 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 capitals 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 smelter and merged the assets with the SevZapProm company. As a result of the merger, the number of factories owned by SUAL increased to 19; The company included the Volkhov and Volgograd aluminum smelters and the Pikalevsky alumina plant. 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 Zaporozhye 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 emerged in Russia, occupying significant positions in the international aluminum market.

In 2007, the process of consolidation of the Russian aluminum industry was completed. As a result of the merger of the aluminum and alumina assets of the RUSAL Company, which ranked third in the world in aluminum production, the SUAL Group, one of the world's top ten aluminum producers, and the alumina assets of the Swiss company Glencore, the United Company "Russian Aluminum" was created - the world's largest aluminum producer and alumina. The United Company accounted for about 11% of global aluminum production and 13% of alumina in 2008. UC RUSAL operates in 19 countries on 5 continents, with a total workforce of more than 75,000 people. It includes 16 aluminum smelters, 11 alumina refineries, 8 bauxite mining enterprises, 3 powder production enterprises, 3 silicon production enterprises, 3 secondary aluminum production plants, 3 foil rolling plants, 2 cryolite plants, 1 cathode plant. The Company's production volume in 2008 amounted to 4.4 million tons of aluminum and 11.2 million tons of alumina.

The size of the organization and the territorial location of the company.

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