The development strategy until 2025 fixed
JSC Krastsvetmet’s board of directors has fixed the development strategy of the Company up to 2025, aimed at strengthening the Company’s positions on traditional markets, access to new markets, increase of volumes of processing materials, production volumes and product differentiation.
The strategy is expected to increase the annual outputs of processing materials by 70%, the production of platinum group metals by 27%, gold by 55%, silver by 95%, sales of jewelry by 103%, technical products made of platinum group metals by 97%, and those made of silver by 136%.
The investment program provides for the construction of a laboratory research complex, which will house an r&d center and laboratory, a reconstruction of refinery production and a dressing complex, the realization of conditions-based non-waste production and the increase of energy efficiency. The investments needed for the realization of the Strategy’s activities are 13.6 billion rubles.
The realization of the Strategy’s activities will enable the Company to increase its revenues to 51 billion rubles by 2025, with a net profit of up to 3.1 billion rubles.