MAXAM
MAXAM strenghthens its Russian relationships
2015.10.22
Press room - News - MAXAM strenghthens its Russian relationships
MAXAM has been present in Russia for 10 years and it’s now considering potential investments if certain projects materialize
José Fernando Sánchez-Junco, MAXAM’s Chairman & CEO, has met with senior Russian Economic Development Ministry and Krasnoyarsk (Siberia) region Trade and Industry Ministry officials, to explain MAXAM’s development opportunities in Russia, country in which MAXAM has been established since 2002.The main appeals are the mining companies which, despite the devaluation of the rouble, continue to invest in new projects. According to U.S Geological, Russia has some of the most important mineral reserves in the world such as 20% of world diamonds, 10% of copper, 15% of iron ore and 7.200 tons of gold (which positions Russia in 9th place of the world ranking). The mining, extraction and processing industry represents 8% of Russia’s GDP.
MAXAM operates throughout the whole Russian Federation, supplying different blasting solutions to iron and non-iron mines – iron mines in the south and center of the Ural mountain range, lead and limestone deposits in Siberia, and gold and diamonds in Alrosa and Sovrudnik-, as well as quarries all around the country.
During these meetings, new collaboration agreements have been reached with Russian mining companies. MAXAM will introduce its complete range of solutions (blasting products and services used in all five continents) that are aimed at reducing its clients’ total operational costs, while achieving a more efficient production. Results based on KPIs that are supported by in-house developed technologies and MAXAM’s more than 140 years’ experience.
MAXAM is also considering several investments in Russia in order to be able to extend its range of locally manufactured products and consolidate its presence and competitiveness in the country. These investments would also be aimed at increasing exports to neighboring countries such as Uzbekistan, Kazakhstan and Mongolia.
Russian authorities, particularly Rostechnadzor (Federal Environmental, Industrial and Nuclear Supervision Service of Russia), have positively appraised MAXAM’s management model and its good safety, quality and environmental practices.
During the various meetings, Sánchez-Junco thanked both the Russian and Spanish embassy authorities for the institutional support they have provided all along the initial contacts.
“The modernization of the mining sector has been one of the cornerstones for Russia’s consolidation as one of the world’s most powerful players during the last two decades. Since we started operating locally, MAXAM has played an essential role, becoming one of the Russian market leaders in blasting products and services. I am convinced that the discussed projects will benefit both the Russian mining companies and MAXAM’s consolidation as a global company”, stated Sánchez-Junco.
MAXAM Executive Director’s meeting with Rostechnadzor,
Russia’s regulator and supervising body
MAXAM Russia was established in 2002 as a subsidiary of MAXAM, the Alfred Nobel funded company in 1872.
With its headquarters in Moscow and production facilities in Samara, Kovdor, Kostomuksha, Chapeevsk, Achinks, Eruda and Kiyashaltyr (last three in Siberia), MAXAM Russia employs more than 250 people and supplies blasting products (civil explosives and initiation systems) and services to mining companies (such as Polyus Gold, Rusal, Sverstal or Eurochem) and quarries all over the country.
MAXAM – www.maxam.net
MAXAM is an industrial and services group that operates globally, developing, manufacturing, and marketing blasting services and products and initiation systems for mining, quarries, and infrastructure; cartridges and powder for sport hunting; and products and services for the defence industry. It also provides the key raw materials for nitro-chemical activities, such as energetic nitrocellulose and ammonium nitrates, for internal use by MAXAM, as well as for sale to third parties. Lastly, MAXAM provides its clients with a series of solutions in the area of safety and the environment that have been generated as a result of the group's technological development in these areas.
MAXAM, founded by Alfred Nobel in 1872, finished 2014 with sales of 1.1 billion euros. It operates in the principal mining areas around the world, with manufacturing facilities in more than 45 countries and sales in more than 100 countries on five continents, with more than 6,500 employees.
For more information:
Lucas Ferreira
MAXAM
Communication Director
+34 91 722 01 00
lferreira@maxam.net
