Business Strategy of JCS “TECHSNABEXPORT” in the Context of the State Atomic Energy Corporation ROSATOM Strategy
The business strategy of JSC "TECHSNABEXPORT" is continuously adjusted to account for the process associated with the shifts in the world market and shaping of the more high-level strategies – those of the State Atomic Energy Corporation ROSATOM, fuel division, etc.
8strategic initiatives of the State Atomic Energy Corporation ROSATOM
The State Atomic Energy Corporation ROSATOM strategy until 2030 (hereafter – Strategy 2030) defines the target positioning of the Russian nuclear energy industry as a global technological leader in the world nuclear market. One of the State Atomic Energy Corporation ROSATOM's key strategic objectives with regard to the management of the nuclear energy industry is "strengthening the position of the global player in the market of nuclear technologies and services". The Strategy 2030 is based on the terms and objectives stated in such documents as the Concept of the long-term social and economic development of the Russian Federation until 2020, Energy strategy of the Russian Federation until 2030 and other federal-level programme documents.
The State Atomic Energy Corporation ROSATOM identified eight strategic initiatives, whose implementation in the next 20 years shall result in a significant improvement of its financial and economic indicators.
The strategic initiatives, which determined the direction of the long-term development for each line of business, launched the process of updating the strategies of already formed divisions and gave an impetus to the development of strategies of incubated divisions and functional complexes of the State Atomic Energy Corporation ROSATOM. Each strategic initiative envisages implementation of a range of inter-related measures aimed at strengthening market positions of the divisions and ensuring their long-term competitive strengths.
The strategic initiative that determines the direction of development for the mining and fuel divisions is entitled "retaining global leadership in the front end of the nuclear fuel cycle".
The strategic initiative of "Retaining global leadership in the initial stage of the nuclear fuel cycle" is divided in the Strategy of the fuel division into the second-level initiatives, approved by the Strategic Committee of the State Atomic Energy Corporation ROSATOM.
JSC "TECHSNABEXPORT": implementation of the State Atomic Energy Corporation ROSATOM strategic initiatives
The business strategy of JSC "TECHSNABEXPORT", which takes into account the latest market trends, is shaped within the second-level strategic initiative 'Increase of market share in the nuclear fuel cycle markets' and correlates with the business strategies of JSC "TVEL" and JSC "Atomredmetzoloto". It aims to provide the target share of the enrichment services market for the western design reactors in a way that is proportional to the potential of the national industry.
In order to meet the strategic targets of 2011, the activities associated with the development of new directions have been continued, including the process of localisation of separative facilities in the largest foreign distribution markets in cooperation with foreign partners ("Plant" project), as well as establishing transport and logistics complexes "West" and "East". More detailed information about these projects is provided in the relevant parts of the Report.