It is not the first year that VSP has been generating the Annual Report, in which we describe the key financial indicators of the company's operation for the past period. Each Annual Report focusses on the most important topic or priority task that the team has resolved. In 2024, such a task constituted a comprehensive examination of suppliers and manufacturers in Russia — the TEO (Feasibility Study) — which the opening address of the director refers to.
From the director's appeal:
Instrumentation products: what is more important — quality or price?
Obviously, the question is quite a rhetorical one. In critical applications where HAVI Engineering instrumentation products are used, no one would indulge in such reflections: guaranteed reliability is the basis for interaction with the end user; favorable commercial terms, competitive price are important, but in addition. For VSP, as for a company which has been specializing on projects in instrumentation products for 28 years, the quality level of products is in the focus, which requires effort, time, and regular rechecking. This is the only way we can be sure that technical solutions and products offered to end users in various applications comprehensively meet the full range of terms and conditions: (1) reliability and safety, compliance with the stated technical specifications, (2) compliance with standards and availability of approvals for the offered products and, ultimately, (3) the price that meets the budget framework.
2019 — VSP specialists contact the manufacturer, HAVI Engineering, for the first time in India.
2021 — HAVI Engineering, India, products tested by an independent laboratory.
2024 — comprehensive testing and examination of 10 suppliers and manufacturers of instrumentation products represented in Russia.
Obviously, the question is quite a rhetorical one. In critical applications where HAVI Engineering instrumentation products are used, no one would indulge in such reflections: guaranteed reliability is the basis for interaction with the end user; favorable commercial terms, competitive price are important, but in addition. For VSP, as for a company which has been specializing on projects in instrumentation products for 28 years, the quality level of products is in the focus, which requires effort, time, and regular rechecking. This is the only way we can be sure that technical solutions and products offered to end users in various applications comprehensively meet the full range of terms and conditions: (1) reliability and safety, compliance with the stated technical specifications, (2) compliance with standards and availability of approvals for the offered products and, ultimately, (3) the price that meets the budget framework.
2019 — VSP specialists contact the manufacturer, HAVI Engineering, for the first time in India.
2021 — HAVI Engineering, India, products tested by an independent laboratory.
2024 — comprehensive testing and examination of 10 suppliers and manufacturers of instrumentation products represented in Russia.
In 2024 VSP generated an all-inclusive report on the suppliers and manufacturers of instrumentation products operating in Russia — HAVI Engineering, DK-Lok, Hy-Lok, Cir-Lok, Panam, S-Lok, Fitok, Elemer, Rizur, Dinamika, and some other companies too — based on the criteria as follows: (1) technical characteristics, (2) compliance with the industry standards and availability of approvals, (3) prices.
VSP task is to offer the customer instrumentation products that fully meet the criteria of choice and conditions for successful, reliable and long-term operation. The feasibility study of HAVI Engineering instrumentation products is an objective foothold in the VSP project approach.
VSP’s active marketing campaign, a thoroughly planned strategy of interaction with customers in Russia and Belarus, a strong foundation of relationship with the main partner and instrumentation products supplier HAVI Engineering — the efforts of the VSP team have provided for the growth of the company’s key financial indicators.
The VSP company main indicators demonstrate confident positive dynamics as per the results of 2024.