Basic Element (company)
Basic Element (Russian: Базовый элемент, /Bázovyi elyemyént/, or simply “Базэл”) is a diversified investment company founded in 1997 and owned by Oleg Deripaska. It is based in Moscow, Russia.[1]
Basic Element Group of Companies
|
| Type |
diversified investment company |
| Industry |
Energy, Manufacturing, Financial Services, Construction and Aviation. |
| Founded |
1997 (1997) |
| Founder(s) |
Oleg Deripaska |
| Headquarters |
Moscow, Russia |
| Website |
www.basel.ru |
Overview
Basic Element's main assets are concentrated in five economic sectors - Energy, Manufacturing, Financial Services, Construction and Aviation.[2]
About 250,000 people work at the Group's companies in Russia, the CIS, Africa, Australia, Asia, Europe and Latin America.[2]
In 2007 the company's revenues were $26.8 bln, growing 45% relative to the previous year. It had $45 bln worth of assets.[3]
Strategy
According to the company's website, Basic Element strives to conduct business in Russia and around the world in an effective and responsible manner.[2] Its stated priorities include:[4]
- Reduction of Production Costs and Expenses
- Modern Production and Management Systems
- Personnel development
- Corporate Social Responsibility
- New Technologies
- International Standards of Corporate Governance
- Environmental Responsibility
Activity
Energy sector
En+ Group is Russia-based diversified mining, metals and energy group. En+ Group holds[5]:
- 47.41% stake in alumina and aluminium producer UC RUSAL
- 100% stake in EuroSibEnergo PLC power company
- a 100% in Strikeforce Mining and Resources Ltd (SMR) (ferromolybdenum producer)
- a 100% in En+ Downstream (includes aluminium downstream assets)
- a 100% in En+ Coal
- Central European Aluminium Company (CEAC) which has run the Kombinat Aluminijuma Podgorica (KAP) aluminum smelter in Montenegro - and the Rudnic Boxita Niksic bauxite mine, which supplies raw materials for the smelter, since 2005.
- Dmitrov Pilot Plant for Aluminium Canning Tape (DOZAKL) strip with a polished surface for the manufacture of lamplight reflectors and lath ceilings.
Manufacturing sector
The Russian Machines corporation was established in 2005 to unite Basic Element's Manufacturing Sector assets.[5]
Russian Machines is a diversified corporation, with industrial and engineering assets in the following sectors:
- automotive (GAZ Group),
- automobile components (RM Systems),
- railway engineering (OJSC RCTM, Republic of Mordovia; and the Abakanvagonmash plant, Abakan, Republic of Khakassia),
- aircraft building (Aviakor),
- road construction machinery (GAZ Group),
- equipment for the armed forces (Military Industrial Company).
Aviation sector
Basel Aero - the operating company for the Sochi, Krasnodar, Gelendzhik, Yeysk and Anapa airports.
Basel Aero Airports
According to the press Basel operates Harkiv Airport[6].
Airlines
Basel owns OJSC Kuban Airlines - the Krasnodar territory's passenger carrier, linking the region with Moscow, St. Petersburg, Yekaterinburg and other Russian and foreign airports.
In July 2010 Basel revealed its intention to buy Russia’s low-cost airline Sky Express (Скай Экспресс)[7]. In May 2011, Denis Ilyin, head of Basel’s aviation business, became the Sky Express’ CEO.[8]
Tourism services in Russia
OJSC Kuban Territorial Air Communications Agency (TAVS Kuban)[9] operates in ticket sales services, organization of tourist flights and freight traffic, as well as taxi services at Basel Aero airports.
Financial services sector
- Insurance (IJSC Ingosstrakh)
- Banking (Soyuz Bank)
- Leasing (Element Leasing)
- Pension Funds (Non-state pension fund Socium)[5]
Construction sector
Glavstroy Corporation is a vertically integrated construction holding. Management functions are carried out by Glavstroy-Management.[5]
- Construction of housing and public buildings (Glavmosstroy)
- Construction of transport infrastructure (Transstroy)
- Development (OJSC Glavstroy, Glavstroy-Spb and RogSibAl)
- Production of building materials (Basel Cement)
Other businesses
Agribusiness
- The Kuban AgroHolding
- AquaDin (LLC), manufacturer of non-alcoholic beverages
- Voskhod Stud Farm
Aviation fuel
- Basel Aero Supply & Handling (BASH)
Media business
- ForMedia, manages regional media assets, including TV and radio companies
- FORWARD MEDIA GROUP publishing house
Network projects
- Rospechat Agency
- PONY EXPRESS, provider of express post and parcel delivery services
- CityVision, digital outdoor advertising network
- Brandflight consultancy
Port business
- Vanino Port
- Imeretinsky Port, Sochi
Real estate
- BasEl Real Estate
- MIBC Moscow-City
- RuDevelopment
Textile business
Timber processing
References
External links