Corum Group presented the company's development strategy until 2030
Mikhail Potapov, General Director of Corum Group, presented the company's long-term development strategy until 2030. The company has committed itself to transforming and adapting its business to better meet the current needs of customers and society, and become an environmentally friendly, technological and effective partner for them.
The new strategy of Corum Group assumes both a targeted modernization of the existing production in order to maximize its efficiency, and the development of fundamentally new products and services that are not related to underground coal mining. This decision to diversify the business was made after a detailed analysis of industry trends in the existing markets of the company and forecasting a significant decrease in electricity production from coal-fired power plants under the influence of the decarbonization trend.
In addition, the company plans to develop sales of mining equipment to those countries that will increase steam coal production in the next decade. The company's mission is to promote efficient underground mining in these countries to reduce less environmentally friendly quarrying.
Another important area of the company's development until 2030 will be the expansion and diversification of mining services. Focusing on mines producing coking coal grades, iron ore, non-ferrous metals and potash salts, Corum Shakhtspetsstroy plans to increase its sales by almost 3.5 times already in 2025. This strategy was successfully launched in 2020 with the start of construction of the Southern Ventilation Shaft No. 2 for the Zaporozhye Iron Ore Plant.
“Business transformation for Corum Group is not something new - we have been continuously changing and improving since 2011, when the group was consolidated,” said Mikhail Potapov, CEO of the company. - But modern economic realities pose difficult conditions and challenge - in order to maintain their leadership positions, business processes must be rebuilt quickly and efficiently. By the end of 2021, we plan to get the first results in some areas. The task is more than ambitious, but I am convinced that our team will cope with it. ”
The entire process of implementing the Strategy and work in each direction will be built in accordance with the company's values and the principles of sustainable development ESG (Environmental, Social, Governance) - with care for the environment, employees and partners of Corum Group.
Corum Group is a member of one of the largest financial and industrial groups in Ukraine "System Capital Management" (SCM) Rinat Akhmetov.