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VOLUME 2, No. 1, 2016
– the
liquidity risk,
– the operational risks,
– the investment risks,
– the business process risks.
Was created detailed risks map, the risk management methods (using inside the company)
are permanently adapts and modernizes.
JSC “Altaivagon” is one of the largest rolling stock manufacturing companies in Russia.
In addition to the rolling stock production, company manufactures repair parts and realizes
modernization operations.
According to the organizational structure, the market position, the financial and economic
activity indicators, the strategic development priorities are:
– improving the qualitative characteristics of the products (including
influence of using
innovations)
– production of the most required types and models of products,
– renovation of fixed primary assets and modernization of production,
– reduction of production costs.
The wagon building companies’ development strategy depends on complex of factors, which
can be divided by:
– the situation in the market of freight transportation,
– the technical condition of wagon fleet,
– the qualitative indicators of wagons using.
Till 2008, the freight rail traffic was increased and wagon fleet still requires renovation, so the
demand on products (rolling stock) was permanently high. The economic crisis of 2008 affected
on the railway rolling stock manufacturers too. It identified the necessity of government
support
for wagon building industry, the influence of government investment programs, which
ensure the stable enterprises’ production activity.
Examine of enterprises, conducted in January 2009, showed, that the majority of
manufacturers expect a decrease in demand by 20-50% in next period; the planned rate
of uses producing capacity should be from 40% to 70% level. The company reported about
uncovered cash deficit, the increases rates on loans and tightening requirements for supply
prepaid orders.
Because or crisis, many companies trying to reduce the
costs of ongoing investment
programs, which took a strong impact on production, in the reason of significant proportion
of product (of a particular types), produced on the terms of JSC “Russian Railways” investment
program.
Enterprises reduced production output and cutting workplaces or take measures to reduce
costs, also reducing the level of product prices, taking a priority on repair and technical service
operations with wagons.
To reduce the negative consequences has been created the list of strategically important
wagon building enterprises, which requires priority government support. The list of enterprises,
which
will get this support, was finally confirmed in 2015. It includes manufacturers, realizing
innovative projects in there production system.
In economic situation of this period, the government support should reduce risk’s influence
on the enterprises activity of producing goods, needed to ensure stable position of the national
economy and society’s production needs.
The position of rolling stock company-manufacturers at the current time is largely determined
by the external environment instability. The production costs were increased, production output
capacity in 2014 was load less than on 70%, and the production output has fallen by up to 10%
to the previous period. At the same time the necessity of innovation
activity was increased, to
hold a competitive position in the market.
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CONTEMPORARY PROBLEMS OF SOCIAL WORK
The decrease in production output in the period 2012-2014 was influenced by the problem
of unused wagons on the general rail lines, a significant part of which was in downtime or in
waiting of a long loading. At the end of 2013 the number of these wagons reached 300
thousand
units and most of them – the rolling stock with low life-time.
In May 2015, the coordinating council of foreign freight traffic movement optimization in
the State Committee of Transport and “Association of wagon manufacturers” was sent to the
government a proposal to add a complete moratorium on extension and prolongation actions
with old rolling stock.
They also suggested to create a demand by new production support program for specialized
rolling stock production with ensuring of necessary funding. Currently,
by government request
the Ministry of Industry and Trade is developing a complex of support measures for the wagon
manufacturers, taking into account the position of consumers.
3.2. The service sector’s role in wagon building companies development
In searches of new instruments of manufactured products realization, the Russian wagon
building companies took attention to the market of transport services. These instruments
should provide to companies a resistance from changes in production demand.
The majority of rolling stock manufacturers are includes into holdings or industrial
associations, that explains the trend of new participants’ creation in recent years on transport
market. Those participants directly related with the wagon building companies.
By 2014, in the “UWC” were functioned rolling stock operator Vostok1520 and a group of
leasing companies under the brand RAIL1520, whose activities are based on using the innovative
products, manufactured by the Tikhvinski wagon building plant.
The Rail1520 Company in 2014 has increased own wagon fleet to a number of 16.6 thousand
units – mostly innovative wagons with improved economic and operational characteristics,
represented by Tikhvinski plant. Entering in segments of market with high-level shipment
demand was ensured the increasing customers number. During 2014, the company signed deals
on 23.6 billion rubles, the number of customers increased by 1.5 times to previous year. The
advantages of the innovation wagon fleet have improved the average rental rate in 2014 up to
5%, in terms of unstable economic situation throughout the year.
The Vostok1520 wagon fleet in 2014 amounted to about 5 thousand units and oriented for
enterprises of coal, metallurgical and chemical manufacturers. Approximately 66% of total
operations are export shipments.
The “UWC” actively developing the system of warranty and post-warranty service of own
produced freight wagons. The total number of service centers in 2014 was 32 units.
The analysis of “UWC” activity results in transport, servicing and leasing operations was
showed the invest attractiveness of this market segment for wagon building companies. The
realization of such projects in this segment obtains competitive
advantages and certain
resistance to influence of external environment, improves the economic efficiency of the main
production of the company.
3.3. The social politics at wagon building enterprises
The wagon building enterprises are large, often systemically important enterprises of several
regions of the country. Besides, the state is a shareholder in many companies of this industry.
That’s why employees’ social stability support is common practice. The enterprise realizes a
complex of social programs, aimed to attract and hold employees.
This complex includes:
– the personnel potential increase program,
– the program of disabled workers support,
– the “Health” – prevention of diseases
and sanatorium treatment,
– the “Physical culture and sport” – the organization of sporting events,
– the “Culture” – cultural events,