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Norilsk Nickel Approves New Strategy
13.09.2013 22:40
Norilsk Nickel Approves New Strategy
Photo Credit: http://russiamagazine.livejournal.com

Norilsk Nickel is ready to sell off its foreign assets to boost the efficiency of the core facilities inside Russia, says Vedomosti.

      The world’s largest nickel producer needs to ditch the old ‘Soviet ministry’ type of management, and become a modern company, said its CEO Vladimir Potanin.

      During its Thursday meeting, the board of directors approved a new strategy concept for Norilsk Nickel, which would see a stronger focus on national assets with a revenue base of more than $1 billion and an EBITDA margin of at least 40 percent. 




Author: Mikhail Vesely

Tags: Norilsk Nickel Vladimir Potanin    

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