- Business
- En+ Group International Public Joint-Stock Company (ENPG.ME) operates as a vertically integrated natural resources company focused on low-carbon aluminium production and power generation. The company produces primary aluminium, alumina, and related products through its Metals segment, which encompasses bauxite and nepheline mining at seven facilities with 20.6 million tonnes per annum capacity, alumina refining at nine refineries with 10.4 million tonnes per annum capacity, and aluminium smelting at twelve smelters with 3.9 million tonnes per annum capacity; it also manufactures semi-fabricated items such as silicon, foil, packaging, and aluminium wheels for automotive applications. The Power segment engages in electricity and heat generation, trading, supply, transmission, and distribution, including hydropower from four plants with 15.1 gigawatts installed capacity, sixteen combined heat and power plants with 4.4 gigawatts capacity, one solar power plant with 5.2 megawatts capacity, and coal production; additional services cover repair, maintenance, engineering, management, financial support, and retail electricity sales. Founded in 2002 and headquartered in Kaliningrad, Russia, En+ Group maintains operations across twelve countries, primarily in eastern Siberia, the Volga region, and Guinea for bauxite, serving global markets as the largest aluminium producer outside China and the top independent hydropower producer worldwide. Recent developments include the 2024 acquisition of a 30% stake in China's Hebei Wenfeng New Materials, boosting alumina self-sufficiency to 78% and refining output by 25.3% to 6.43 million tonnes; ongoing construction of the Taishet aluminium smelter with 428.5 thousand tonnes capacity, Boguchany Power and Metals Complex expansions, and the 'New Energy' hydropower modernisation programme; increased capital expenditures to USD 1.88 billion with focus on environmental upgrades; and net profit growth of 88.3% to USD 1.35 billion, alongside progress toward net-zero emissions by 2050 with a 35% greenhouse gas reduction target by 2035.