Basic Element (company)

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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]

Operations

Energy sector

En+ Group is Russia-based diversified mining, metals and energy group. En+ Group holds:[4]

  • 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.[4]

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.[5]

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).[6] In May 2011, Denis Ilyin, head of Basel’s aviation business, became the Sky Express’ CEO.[7]

Tourism services in Russia

OJSC Kuban Territorial Air Communications Agency (TAVS Kuban)[8] 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)[4]

Construction sector

Glavstroy Corporation is a vertically integrated construction holding. Management functions are carried out by Glavstroy-Management.[4]

  • 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

  • Trekhgornaya Manufaktura

Timber processing

  • Continental Management

References

  1. ↑ "Basic Element Company". Business Week. Retrieved 2009-07-28. 
  2. ↑ 2.0 2.1 "Company". Basic Element. Retrieved 2009-07-28. 
  3. ↑ "Basic Element increases assets and revenues". Basic Element. Retrieved 2009-07-28. 
  4. ↑ 4.0 4.1 4.2 4.3 Basic Element: Structure
  5. ↑ RBC Daily: Harkiv Airport is opearted by Oleg Deripaska’s Basel, April, 2011
  6. ↑ Kommersant: Oleg Deripaska will take "Sky Express" under his wing // Basel is in talks to buy the airline, № 134 (4434), 27.07.2010
  7. ↑ AviaPort.ru: D. Ilyin became the Sky Express general director
  8. ↑

External links

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