Basic Element (company)

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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]

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

Overview[edit]

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. [2]

About 250,000 people work at the Group's companies in Russia, the CIS, Africa, Australia, Asia, Europe and Latin America.[3]

In 2007 the company's revenues were $26.8 bln, growing 45% relative to the previous year. It had $45 bln worth of assets.[4] In 2012 the company's revenues were $27 bln. [5]

Operations[edit]

Energy and mining sector[edit]

En+ Group is Russia-based diversified mining, metals and energy group. En+ Group holds:[6]

  • 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.[7]

Machine building sector[edit]

The Russian Machines corporation was established in 2005 to unite Basic Element's machine building assets.[6]

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

  • automobile manufacturing, production of road-building equipment(GAZ Group),
  • automobile components (RM Systems),
  • freight cars (RM Rail)
  • aircraft building (Aviakor),
  • road construction machinery (GAZ Group),
  • equipment for the armed forces (Military Industrial Company).

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

Airport management[edit]

Basel Aero - the operating company for the Sochi, Krasnodar, Gelendzhik, Yeysk and Anapa airports.

Basel Aero Airports[edit]

These airports handle more than 7% of the total passenger flow in the Russian Federation.

According to the press Basel operates Harkiv Airport.[8]

Financial services sector[edit]

Construction sector[edit]

Glavstroy Corporation is a vertically integrated construction holding. Management functions are carried out by Glavstroy-Management.[6]

  • 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[edit]

Agribusiness[edit]

  • The Kuban AgroHolding
  • AquaDin (LLC), manufacturer of non-alcoholic beverages
  • Voskhod Stud Farm

Media business[edit]

  • FORWARD MEDIA GROUP publishing house

Network projects[edit]

  • Rospechat Agency
  • PONY EXPRESS, provider of express post and parcel delivery services

Port business[edit]

  • Imeretinsky Port, Sochi

Real estate[edit]

  • BasEl Real Estate

References[edit]

External links[edit]