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Kostin and Puchkov discussed with the heads of the USC shipyards the analysis of the work and the overall strategy

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Image source: ОСК

Chairman of the Board of Directors of USC Andrey Kostin and CEO of USC Andrey Puchkov discussed the corporation's production programs with the management of St. Petersburg enterprises.

The rehabilitation of the USC shipyards will begin with a detailed analysis of each company, Kostin said.

"The Baltic and Proletarian factories, Admiralty shipyards are the oldest enterprises in the industry with great potential, the implementation of large—scale fleet renewal projects depends on their work. Based on the results of the analysis, we will make decisions, including on building the overall strategy of the corporation," said the head of VTB and the Board of directors of USC.

Andrey Puchkov, in turn, noted that St. Petersburg enterprises "have enough reserves to increase efficiency" and USC intends to "develop measures to bring them to the modern level of technological development."

"And, what is especially important, to ensure competitiveness. I will continue to personally assess the progress of modernization of enterprises, their production and financial indicators, and, of course, relations with customers," the elected CEO of the shipbuilding corporation assured.

The General Director of the Baltic Plant Yuri Gordienkov presented the main production facilities, and also spoke about the construction of the third serial nuclear icebreaker "Yakutia" project 22220. The plans for the development of the Proletarian plant in the production workshops were presented by the general director Mikhail Ispolov, at the Admiralty shipyards, together with the general director of the enterprise Andrey Veselov, the USC management answered questions.

"Andrey Kostin and Andrey Puchkov discussed the progress of construction of large freezing fishing trawlers, surface and underwater ships that are in varying degrees of readiness, and also talked with shipyard workers and answered a number of questions regarding the development plans of the corporation and the enterprise," the state corporation said in a release.

The first visiting groups of auditors arrived in St. Petersburg and began auditing the largest production assets of USC in the city last week, three knowledgeable sources told DP. At the same time, earlier USC allowed the relocation of some employees to Moscow and staff optimization.

Auditors study the financial flows of shipyards, while paying special attention to contracts for the construction of civil vessels. Each group consists of about 10 people. Auditors are also studying modernization projects of St. Petersburg shipyards.

River cruises and boat tours from St. Petersburg along unique tourist routes that allow you to have a good rest on board the ship and get acquainted with the rich history of our country.

In August 2023, USC was placed under the management of VTB for 5 years. The reason was unprofitable contracts for the construction of a fishing fleet, which not only did not give impetus to the development of the state corporation's shipyards, but plunged them into losses.

Shortly after that, Georgy Poltavchenko, Chairman of the Board of Directors of JSC "USC", and his CEO Alexey Rakhmanov left the post. Their chairs were occupied by the head of VTB Andrey Kostin and the former deputy chairman of the board Andrey Puchkov, respectively.

The federal authorities expect a long-term stabilization of the financial condition of USC and its entry into profit.

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