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Facts and figures

50 honorary certificates

Annually the EPK Company employees receive 50 honorary certificates of the Ministry of Industry and Trade of the Russian Federation.



S&P appropriated B+ rating to European Bearing Corporation

The international rating agency Standard & Poor's appropriated a long-term corporate credit B+ rating to EPK and a ruA+ national scale rating, a forecast is "stable".

Among Russian enterprises with S&P rating there are no engineering companies essentially. Oleg Savchenko, the member of the Committee on the industry of the State Duma of the fifth convocation, told about it on a festive event on the occasion of a rating assignment: "On the whole it can be considered as an achievement of the Russian economy. Not mineral, but the technological company received S&P rating. This is a difficult production. Quality of the Russian technologies corresponds to the international standards". Such giants of the Russian industry, as metallurgical and mining company EVRAZ and Pipe Metallurgical Co. have a similar rating.

EPK is the largest Russian producer of bearings for railway, aviation, defensive, industrial and automobile branch", told in S&P report dated November 30, 2011.

According to Rob Richards, the main analyst of S&P, - conditions of development of the bearing branch in Russia and also mechanical engineering on the whole, are difficult: "In this difficult situation EPK occupies the advantageous position, as about three quarters of the market of the railway bearings used by the national operator of the railways, JSC Russian Railways, and also the bearings used in aviation and defensive sector of the Russian Federation falls on it".

Among strong points of business EPK S&P calls the joint venture with Brenko, global manufacturer of railway bearings. "EPK created the joint venture (in which it has 49% share through the parent holding company) with Brenko, the American company, an Amsted Industries Inc division (BB-/Stable / N.R.), for production of conic bearing hubs (TBU) for the purpose of updating and strengthening the product line for rolling stock of the railways», told in S&P report. 

Oksana Klypina, the vice-president of the Troyka Dialog company (management of primary placements), comments: «B+ rating allows to enter freely the markets of the debt capital, the public markets, carrying out loans in local and foreign currency. From the point of  local loans view, we hope that the forthcoming placement of rouble bonds will be very successful thanks to that it is enough to have B+ rating for inclusion in the Lombard list of the Central Bank of Russian Federation». (In the list of the state securities accepted by teh Bank of Russia as a pawn by granting the lombard credit) If a negative forecast of the development of the Russian economy will come true, Oksana Klypina considers, the inclusion in the lombard list can become a key factor of success of this placement of rouble bonds. The forecast B+ transfers the company to the absolutely new level of development.

JSC European Bearing Corporation (JSC EPK) is one of the largest machine-building corporations in Russia. EPK includes the following production sites: Moscow bearing plant, Volzhsky bearing plant, Stepnogorsky (Kazakhstan) plant, Samarsky special and avia bearings plant, Saratovsky plant, Joint Venture with American partner of Amsted Rail - EPK-Brenko bearing company, Trading houses (EPK and Avia), Engineering center.

EPK appreciates partnership with the largest global and Russian consumers of bearings, suppliers.

National Rating Agency rated EPK

National Rating Agency (NRA) appropriated AA- level of reliability (very high reliability/solvency, the third level) to EPK.

NRA estimates the financial condition of the Corporation as steady. Key financial ratios of the company: following the results of 2010 the consolidated revenue increased on 41% up to 11,1 billion roubles, EBITDA - on 67% up to 2,4 billion roubles. 

Strategy of development of the Holding is directed to further strengthening of market positions, preservation of technological leadership among the Russian producers, and also expansion of sales markets.

Alexander Kuznetsov, the director of the corporate finance and investments department JSC UK EPK, considers that «the appropriated rating reflects leader positions of the company in the Russian market». Experts note its information transparency and high level of reliability.

" The National Rating Agency" (NRA) is one of the leading independent rating agencies in Russia. In September, 2010 NRA underwent accreditation procedure at the Ministry of Finance of the Russian Federation as a result of which the Agency is included in the register of the accredited rating agencies. Ratings of NRA are officially recognized as state regulators of the Russian financial market. 


Import substitution programme of high precision bearings