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A working meeting took place between the governor of Yaroslavl region Sergey Yastrebov and NPO Saturn chief executive officer Ilya Fedorov

Site news 21.01.2013

January, 21st 2013, Rybinsk – Today a traditional working meeting between the governor of Yaroslavl region Sergey Yastrebov and NPO Saturn CEO Ilya Fedorov took place at the Yaroslavl regional administration.
The governor spoke highly of the preliminary performance indicators demonstrated by the Company in 2012, during which NPO Saturn had confirmed its reputation of an actively developing enterprise. The volume of output in 2012 is projected to equal 13.4 billion rubles. NPO Saturn demonstrated a significant year-on-year production volume increase – exceeding 40% which is recognized as a substantial growth factor for the Company. The NPO Saturn product sales revenue in 2012 is foreseen to be around 13.3 billion rubles. Compared to the volume demonstrated in 2011, the growth will amount to 26.5%.
Stabilization of the Company’s financial standing and increased operational performance allowed to increase the employees’ salary in 2012 by 20.6% compared to the increase demonstrated in 2011. The year 2012 is characterized by significant growth of investments in the Company’s fixed assets, primarily, in the reconstruction of the production facilities and purchasing of new equipment. The confirmed order portfolio allows for making projections with regard to further substantial growth of production volume and sales revenue; in 2013 the Company plans to increase its production volume by 19% and its sales revenue by 21.5%.
 
Among other subjects, Sergey Yastrebov and Ilya Fedorov discussed the issue of the outstanding debt owed by Teploenergo, a Rybinsk-based public utility company in connection with the heat energy supplied by NPO Saturn. The overall debt of Teploenergo to NPO Saturn for the heat energy generated and supplied by NPO Saturn to the public utility company in the period between December 2011 and December 2012 as of 21.01.2013 has amounted to 176 million rubles.
 

Research and production association Saturn OJSC – an engine-building company specialized in design, manufacture and aftermarket support of gas-turbine engines for military and civil aviation, the Navy boats and power-generation and gas-pumping installations. NPO Saturn OJSC is part of the United engine corporation managing company OJSC.
 
NPO Saturn press service:
Phone: +7 4855 296898 
e-mail: press@npo-saturn.ru
www.npo-saturn.ru



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