Denis Manturov, the head of Russia’s Ministry of Industry and Trade announced the appointment of Alexei Rakhmanov as President of United Shipbuilding Corporation.
Rakhamnov has been Russia’s Deputy Minister of Industry and Trade since March 2012.
Manturov presented a plan by which the company would increase its output by 50 percent by 2018 and double its market share within the commercial shipbuilding sector over that same period
“To achieve its ambitious goals USC, the corporate structure will be streamlined, while current yards are modernized and new yards built,” according to Manturov. In addition, the company will introduce new approaches when it comes to process control and develop the scientific and engineering capacity within the company.
The Ministry of Industry and Trade notes in a statement that given Russia’s plans to develop the Northern Sea Route as well as of offshore fields in the arctic, emphasis will be placed on the marine shelf technology and that by 2030, order backlog may exceed 6.5 trillion rubles (USD $189 billion).
“As a result of the Group USC 2013 consolidated net profit exceeded 3 billion billion rubles. By the end of 2013 consolidated revenues of United Shipbuilding Corporation increased by 25 percent compared with the previous year and amounted to more than 203 billion rubles, “- he said.
“I am deeply convinced that the domestic shipbuilding industry can and should be profitable,” added Manturov, an in recent years, it certainly appears it has been as USC saw a 2013 profit of over 3 billion rubles, a 25 percent jump over 2012 figures.
About Alexei Rakhamanov
Alexei Rakhmanov was born July 18, 1964 and graduated with a mechanical engineering degree in 1986 from Nizhny Novgorod Polytechnic Institute. Between 1996 and 2003, he worked at international auditing and consulting firm Ernst & Young and moved on to become Director of Strategy and Business Development of JSC “Severstal-Auto between 2002 and 2008. In 2003 he earned an MBA from the University of Chicago.
In July 2008 he was appointed Director of the Department of Automotive Industry and Agricultural Engineering Industry and Trade of Russia, and in March 2012 – Deputy Minister of Industry and Trade.