ANNUAL REPORT 2013 From innovation to the achievements Contacts

Basic Characteristics

The core activity of TVEL FC is development, production and sale of nuclear fuel for power and test reactors in Russia and abroad, as well as of associated nuclear and non-nuclear products in strict compliance with safety requirements: nuclear, radiation, industrial, fire, environmental, labor protection, physical protection of nuclear facilities and readiness for emergency response.

TVEL FC takes central place in the structure of the ROSATOM State Corporation in terms of the front end nuclear fuel cycle.

Fig. 1. TVEL FC Position in Nuclear Fuel Cycle

The Fuel Company is the sole supplier of nuclear fuel to Russian nuclear power plants. TVEL FC supplies nuclear fuel to 76 power reactors in 15 countries all over the world, research reactors in 9 countries worldwide and caters to transportation plants of the Russian Nuclear Powered Fleet. One out of every six power reactors in the world runs on fuel manufactured by TVEL FC * Chapter “Development strategy and external environment” Section “Place of TVEL FC in the World Market of FE NFC”. .

Fig. 2. Specialization of TVEL FC Enterprises in Nuclear Products Manufacture

TVEL JSC is the Operations Management Center of the Fuel Company.

Territory of TVEL JSC enterprises

The Fuel Company has enterprises all over the Russian Federation.

As far as specifics of social environment are concerned, three enterprises of TVEL JSC are located within Closed Administrative Territorial Units (Seversk, Novouralsk and Zelenogorsk) and one is located within a company town (Glazov) where they happen to be backbone enterprises and major taxpayers * More details about TVEL FC activity within the special regions of presence see Chapter “Outcomes” Section “Development of the Regions of Presence” . .

In addition to core business that involves production of nuclear fuel, TVEL FC supplies to the Russian and international market a wide range of non-nuclear products: zirconium, lithium, calcium, magnets, thin-walled pipes, polishing powders, pinch rolls, zeolite catalysts, superconductor materials, etc.

TVEL FC has proprietary research and development design divisions that contribute to successful operation of hydrometallurgical, metalworking, machine-building and rolling facilities.

The Fuel Company comprises of four complexes that correspond to type-specific production of the FE NFC.

Separation-Sublimation Complex comprises of a group of integrated plants engaged in enrichment and conversion of uranium

  • Joint Stock Company Angarsk Electrolysis Chemical Complex (JSC AECC), Angarsk, Irkutsk Region. www.aecc.ru
  • Joint Stock Company Production Association Electrochemical Plant (JSC PA ECP), Closed Administrative Territorial Unit Zelenogorsk (Krasnoyarsk territory). www.ecp.ru
  • Joint Stock Company Siberian Group Of Chemical Enterprises (JSC SGChE), Seversk, Tomsk Region. www.atomsib.ru
  • Joint Stock Company Ural Electrochemical Integrated Plant (JSC UEIP), Novouralsk, Sverdlovsk Region. www.ueip.ru
Table 2. Key Performance Indicators of Main Enterprises Comprising the Separation-Sublimation Complex in 2013
Indicator, unit of measurement AECC PA ECP SGChE UEIP
Proceeds (net) from sales, mln RUB 6,188 12,860 15,117 19,395
Gross margin, mln RUB 2,764 4,161 3,197 8,539
Profit tax, mln RUB 368 495 230 1 239
Net profit, mln RUB 1,309 1175 451 3,701
Net assets, mln RUB 15,469 33,102 28,022 51,681
Labor efficiency, mln RUB/person * The value herein and thereafter is given. 4.45 4.80 2.90 5.90
Environmental expenses of TVEL FC, mln RUB 43.5 26.7 913.5 702.8
Average headcount of staff, persons * Employees under civil law contracts, external part-timers and women on maternity and childcare leave are not considered herein and below. 1,389 2,680 5,362 3,276

Nuclear fuel fabrication complex comprises of industrial enterprises that manufacture nuclear fuel for various reactors

  • Joint Stock Company Mashinostroitelny Zavod (MSZ JSC), Elektrostal, Moscow Region. www.elemash.ru
  • Joint Stock Company Novosibirsk Chemical Concentrates Plant (JSC NNCP), Novosibirsk, Novosibirsk Region. www.nccp.ru
  • Joint Stock company Chepetsky Mechanical Plant (JSC CMP), Glazov, Udmurt Republic. www.chmz.net
  • Joint Stock Company Moscowpolymetalplant (JSC MZP), Moscow. www.mzp.ru
Table 3. Key Performance Indicators of Main Enterprises Comprising Nuclear Fuel Fabrication Complex in 2013
Indicator, unit of measurement MSZ NNCP CMP MZP
Proceeds (net) from sales, mln RUB 15,065 7,805 11,399 1,169
Gross margin, mln RUB 4,587 1,616 2,053 219
Profit tax, mln RUB 462 64 7 75
Net profit, mln RUB 2 225 104 -336 168
Net assets, mln RUB 27.619 15.230 12.991 3.010
Labor efficiency, mln RUB/person 3.56 3.85 2.94 7.44
Environmental expenses of TVEL FC, mln RUB 114.6 110.0 209.0 2.7
Average headcount of staff, persons 4,233 2,023 3,883 152

Gas centrifuge complex is a group of industrial companies producing gas centrifuges and accessories for enterprises of separation-sublimation complex.

  • Kovrov Mechanical Plant Open Joint Stock Company (KMP OJSC), Kovrov, Vladimir Region. www.kvmz.ru
  • Joint Stock Company Vladimir Production Association Tochmash, Vladimir, Vladimir Region. www.vpotochmash.ru
  • Limited Liability Company Ural Gas Centrifuge Manufacturing Plant (UGCMP Ltd.), Novouralsk, Sverdlovsk Region
Table 4. Key Performance Indicators of Main Enterprises Comprising Gas Centrifuge Complex in 2013
Indicator, unit of measurement VPA Tochmash KMP UGCMP
Proceeds (net) from sales, mln RUB 1,728 5,045 2,251
Gross margin, mln RUB 158 807 88
Profit tax, mln RUB 65 32 10
Net profit, mln RUB -246 94 -52
Net assets, mln RUB 3,631 3,416 4,551
Labor efficiency, mln RUB/person 1.05 2.64 2.28
Environmental expenses of TVEL FC, mln RUB 24.0 23.0 00.0
Average headcount of staff, persons 1,645 1,908 987

Research and engineering complex (Table 5)

  • Joint Stock Company A.A. Bochvar High-Technology Research Institute of Inorganic Materials (JSC VNIINM), Moscow. www.bochvar.ru
    State Scientific Center of the Russian Federation JSC VNIINM is a leading organization of ROSATOM State Corporation on the issues related to materials and fuel cycle technologies, fissile and nuclear materials treatment technologies. Scientific and technological activities of the Institute are focused on the development of fundamental and applied research, increasing the share of the Russian nuclear energy industrial complex on the global market of nuclear materials and technologies, safe and efficient production of electricity and heat at NPP, and promotion of safe use of nuclear energy.
  • NRDC LLC, EDB-Nizhny Novgorod, Centrotech-SPb, Uralpribor Ltd. represent the R&D organizations focusing primarily on gas centrifuges development and maintenance of the entire life cycle of the product.
Table 5. Key Performance Indicators of JSC VNIINM in 2013
Indicator, unit of measurement VNIINM
Proceeds (net) from sales, mln RUB 4,379
Gross margin, mln RUB 829
Profit tax, mln RUB 94
Net profit, mln RUB 306
Net assets, mln RUB 5 968
Labor efficiency, mln RUB/person 4.16
Environmental expenses of TVEL FC, mln RUB 39.3
Average headcount of staff, persons 1,158





TVEL JSC
Annual Report
2013
Introduction
Transforming ideas into breakthroughs
Chapter 1
Transforming plans into results
Chapter 2
Transforming dreams into reality
Chapter 3
Transforming tasks into successful projects
Chapter 4
Transforming resources into capital
Appendices