OREANDA-NEWS. On October 31, 2007 a Mashinostroitelny Zavod (MSZ) Board of Directors meeting was held in Elektrostal. The meeting pointed out good work of the plant over the past nine months, reported the press-centre of TVEL.

Product sales amounted up to RUR5772m that was 2% higher the target. With that, costs per one ruble of sold product were 80,1 kopek (with 86,7 kopek target). The enterprise gained RUR430m of net profit.

The Board of Directors unanimously adopted the plant’s development program until 2020. Commenting on the program, Chairman of the Board and First Vice President of TVEL Vladimir Rozhdestvenski expressed his certainty that the program would be fulfilled successfully. “The enterprise has all preconditions for this and the main of these is its 90-year operating experience,” he said.

Vladimir Rozhdestvenski emphasized that it was just the beginning of the path on which the fuel fabrication conditions would be changing, so the plant configuration and shape, being a living system, would also change. For the initial stage he outlined two objectives: “segregation of fuel fabrication sections and making the auxiliary production sections affiliated companies.” New configuration and shape of the enterprise have been agreed upon with Elektrostal Mayor Andrey Sukhanov, the plant’s unions and approved by TVEL Management.

Besides, the Board meeting was reported on measures being taken to reduce occupational injuries. The Plant injury frequency factor was just 0,7 over 9 months that is more than 4 times less than average number for Russia’s enterprises in 2006.