Atomenergomash named driving force of Russia’s mechanical engineering industry

23.02.2017

The ten-year order portfolio of Atomenergomash, the machine-building division of Rosatom, exceeded RUB420 billion in 2016. That was some RUB27 billion more than in 2015, BelTA learned from the Atomenergomash press service

For instance, in 2016 the company signed contracts for the manufacture of equipment for the turbine islands of two nuclear power plants, package delivery of an evaporation unit for the company SIBUR, manufacture of piles for an offshore oil platform of the oil company LUKOIL, and other big contracts.

“It is important that the growth was secured thanks to new orders not only in the nuclear industry but also in other lines of business. Diversification and development of new products remain our strategic priorities, and we continue moving steadily in this direction,” said Andrei Nikipelov, Atomenergomash Director General.

Ivan Andriyevsky, Chairman of the Board of Directors at 2K Engineering Company, noted that Rosatom’s machine-building division managed to increase the order intake in 2016 which was a difficult crisis year. It is noteworthy that the order portfolio has been growing thanks to not only the core activities of the parent company, but also to the orders from the companies working in other industries.

The machine-building division receives orders from the oil and gas sector. Rosatom itself invests heavily in the development of renewable energy sources providing its machine-building companies with orders. For instance, Rosatom has launched a large-scale program to develop wind power generation in Russia. Mini water power plants have great prospects, and Rosatom’s machine-building division actively promotes them in foreign markets.

In general, Rosatom has been working to diversify its activities, without focusing all attention on the construction of power-generating units. The company is constantly searching for new ways to tap into its potential and resources and looking for new potential areas of growth. Rosatom’s machine-building division can be named the engine of Russia’s mechanical engineering.

Tags: nuclear power industry

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