José Fernando Sánchez-Junco, MAXAM’s Chairman & CEO, has met with senior Russian Economic Development Ministry and Krasnoyarsk (Siberia) region Trade and Industry Ministry officials, to explain MAXAM’s development opportunities in Russia, country in which MAXAM has been established since 2002.
The main appeals are the mining companies which, despite the devaluation of the rouble, continue to invest in new projects. According to U.S Geological, Russia has some of the most important mineral reserves in the world such as 20% of world diamonds, 10% of copper, 15% of iron ore and 7.200 tons of gold (which positions Russia in 9th place of the world ranking). The mining, extraction and processing industry represents 8% of Russia’s GDP.
MAXAM operates throughout the whole Russian Federation, supplying different blasting solutions to iron and non-iron mines – iron mines in the south and center of the Ural mountain range, lead and limestone deposits in Siberia, and gold and diamonds in Alrosa and Sovrudnik-, as well as quarries all around the country.
“The modernization of the mining sector has been one of the cornerstones for Russia’s consolidation as one of the world’s most powerful players during the last two decades. Since we started operating locally, MAXAM has played an essential role, becoming one of the Russian market leaders in blasting products and services. I am convinced that the discussed projects will benefit both the Russian mining companies and MAXAM’s consolidation as a global company," stated Sánchez-Junco.
During these meetings, new collaboration agreements have been reached with Russian mining companies. MAXAM will introduce its complete range of solutions (blasting products and services used in all five continents) that are aimed at reducing its clients’ total operational costs, while achieving a more efficient production. Results based on KPIs that are supported by in-house developed technologies and MAXAM’s more than 140 years’ experience.
MAXAM is also considering several investments in Russia in order to be able to extend its range of locally manufactured products and consolidate its presence and competitiveness in the country. These investments would also be aimed at increasing exports to neighboring countries such as Uzbekistan, Kazakhstan and Mongolia.
Russian authorities, particularly Rostechnadzor (Federal Environmental, Industrial and Nuclear Supervision Service of Russia), have positively appraised MAXAM’s management model and its good safety, quality and environmental practices.
During the various meetings, Sánchez-Junco thanked both the Russian and Spanish embassy authorities for the institutional support they have provided all along the initial contacts.
MAXAM in Russia
MAXAM Russia was established in 2002 as a subsidiary of MAXAM, the Alfred Nobel funded company in 1872.With its headquarters in Moscow and production facilities in Samara, Kovdor, Kostomuksha, Chapeevsk, Achinks, Eruda and Kiyashaltyr (last three in Siberia), MAXAM Russia employs more than 250 people and supplies blasting products (civil explosives and initiation systems) and services to mining companies (such as Polyus Gold, Rusal, Sverstal or Eurochem) and quarries all over the country.
MAXAM - maxamcorp.com
MAXAM is a global technology company, specializing in the design, development, manufacture and application of energy materials. It structures its activity in four business units: blasting solutions for mining, quarries and civil works; cartridges and gun powders for use in hunting and recreational shooting; products and systems for the defence and security sector; and production of key primary products in nitro chemical activity.
Founded by Alfred Nobel in 1872, today MAXAM employs more than 6,500 people on five continents, in 80 industrial facilities, with subsidiaries in more than 50 countries and commercial operations in over 100 countries. At the close of the 2018 financial year (31 March 2018), the company’s turnover stood at over 1.14 billion euros.