Basic Element (company)

Basic Element Group of Companies
diversified industrial group
Industry Energy, Manufacturing, Financial Services, Construction and Aviation.
Founded 1997 (1997)
Founder Oleg Deripaska
Headquarters Moscow, Russia
Website www.basel.ru

Basic Element (Russian: Базовый элемент, /Bázovyi elyemyént/, or simply “Базэл”) is one of the largest diversified industrial groups in Russia founded in 1997 and owned by Oleg Deripaska. It is based in Moscow, Russia.[1] It was known as Siberian Aluminum until 2001.[2]

Overview

Basic Element's main assets are concentrated in six economic sectors - energy and mining, manufacturing, financial services, construction and real estate, agribusiness and airport management.[3]

About 250,000 people work at the Group's companies in Russia, the CIS, Africa, Australia, Asia, Europe and Latin America.[4]

In 2007 the company's revenues were $26.8 bln, growing 45% relative to the previous year. It had $45 bln worth of assets.[5] In 2012 the company's revenues were $27 bln.[6]

Operations

Energy and mining sector

En+ Group is Russia-based diversified mining, metals and energy group. En+ Group holds:[7]

Machine building sector

The Russian Machines corporation was established in 2005 to unite Basic Element's machine building assets.[7]

Russian Machines is a diversified corporation, with industrial and engineering assets in the following sectors:

Russian Machines Corporation manages 26 facilities located across 14 regions of Russia.

Airport management

Basel Aero - the operating company for the Sochi, Krasnodar, Gelendzhik, Yeysk and Anapa airports. As of 2015 the company handles 9.5% of total passenger traffic and 3.5% of the total cargo traffic in Russia.[9]

Basel Aero Airports

According to the press Basel operates Harkiv Airport.[10]

Financial services sector

Construction sector

Glavstroy Corporation is a vertically integrated construction holding. Management functions are carried out by Glavstroy-Management.[7]

Other businesses

Agribusiness

Media business

Network projects

Port business

Real estate

References

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