Category:Basic Element (company)
This category has the following 3 subcategories, out of 3 total.
This category has the following 3 subcategories, out of 3 total.
1. Basic Element (company) – Basic Element is one of the largest diversified industrial groups in Russia founded in 1997 and owned by Oleg Deripaska. It is based in Moscow, Russia, Basic Elements main assets are concentrated in six economic sectors - energy and mining, manufacturing, financial services, construction and real estate, agribusiness and airport management. About 250,000 people work at the Groups companies in Russia, in 2007 the companys revenues were $26.8 bln, growing 45% relative to the previous year. It had $45 bln worth of assets, in 2012 the companys revenues were $27 bln. En+ Group is Russia-based diversified mining, metals and energy group, dmitrov Pilot Plant for Aluminium Canning Tape strip with a polished surface for the manufacture of lamplight reflectors and lath ceilings. The Russian Machines corporation was established in 2005 to unite Basic Elements machine building assets, Russian Machines Corporation manages 26 facilities located across 14 regions of Russia. Basel Aero - the operating company for the Sochi, Krasnodar, Gelendzhik, Yeysk, Sochi Airport Krasnodar Airport Anapa Airport Gelendzhik Airport Yeysk Airport These airports handle more than 7% of the total passenger flow in the Russian Federation. According to the press Basel operates Harkiv Airport, insurance Banking Leasing Pension Funds Glavstroy Corporation is a vertically integrated construction holding. Management functions are carried out by Glavstroy-Management
2. Oleg Deripaska – He is now considered to be among the richest men in Russia, with an estimated net worth of US$5.4 billion as of April 2017. Through stakes in companies, Deripaska is also involved in a broad range of industries, including energy, machinery, financial services. Deripaska was born in Dzerzhinsk, Nizhny Novgorod Oblast, and grew up in Ust-Labinsk, Krasnodar Krai, Deripaska was raised on the familys small farm, where from the age of 5 or 6 his grandparents instructed him to learn everything about the land to survive. Deripaska credits his grandparents for teaching him the discipline of hard work and they taught the details of farming, including when and how to plant, grow and harvest. Both his grandfathers fought in the Second World War, one was killed in battle and buried in a grave in Austria. Deripaskas first job was at the Ust-Labinsk plant where his mother worked, at age 11, he became an electricians apprentice doing maintenance on electrical motors. Deripaska acquired a passion for reading, his favorite authors were Mayne Reid, today, Basic Elements headquarters contain walls of books, reflecting Deripaskas lifelong love of reading. His talent for math allowed him to enroll at the faculty of Moscow State University in 1985. One year into his studies, he was conscripted into the forces and served in the Soviet armys Strategic Missile Forces in the Trans-Baikal area, Siberia. In 1993, Deripaska graduated with honors in physics from Moscow State University, after graduation from Moscow State University, the collapse of the Soviet Union eliminated academic funding and made it impossible for Deripaska continue to his studies as a theoretical physicist. There were no stipends or grants for students either and it was an urgent and practical question every day. How do I earn money to buy food and keep studying, at the age of 25, teaming up with fellow physicists, engineers and rocket scientists, Deripaska set up his first metal trading company, VTK. He adopted a systematic, scientific approach to commodity trading, I represented companies that were buying and selling raw materials, Deripaska said. Deripaska undertook export arbitrage, buying metal at low Russian prices, Deripaska traded primarily through the Baltic state of Estonia as the Russian system of export licenses was in disarray. I started my business at a moment in history. The country in which I was born raised had disappeared, although the new country was not fully formed, the first one gave me an excellent education, the second one gave me the chance of success, Deripaska recalled in an interview with Metal Bulletin. He used nearly all his arbitrage and trading profits to acquire his initial package of shares in the Sayanogorsk Aluminium Smelter, in 1994, Deripaska became director general of the plant at the age of 26. In 1997, the became the core asset of Sibirsky Aluminium Group
3. Rusal – United Company RUSAL is the worlds sixth largest aluminium company. It was the largest until overtaken by China Hongqiao Group in 2015, UC RUSAL accounts for almost 9% of the worlds primary aluminium output and 9% of the world’s alumina production. The United Company was formed by the merger of RUSAL, SUAL, the company operates in 19 countries over five continents and employs over 72,000 people across its international operations and offices. The company is incorporated in Jersey, where it has its financial centre, RUSAL is the global leader in the aluminium industry and accounts for approximately 9% of global aluminium production and 9% of the world’s alumina output. It has played a role in the consolidation of the Russian aluminium industry during its establishment as a large. The Russian aluminium industry dates back to 1932, the year when the Volkhov aluminium smelter produced the first batch of aluminium, following that, construction of smelters began to meet the growing demand of the national economy. During WW2, the facilities in the country were evacuated to the Urals and Western Siberia. In the 1950s, new aluminium smelters were built for purposes in Kandalaksha, Nadvoitsy. In the 1960s and 1970s, smelters in Irkutsk, Krasnoyarsk, by the early 1980s, Russia was the world’s second largest producer of aluminium after the US. Russia has been short of bauxite, which is used to produce alumina. The ‘shock therapy’ economic measures mostly hit the defence and engineering industries, by 1994, aluminium consumption in Russia fell to around 2 kg per capita, compared with 17 kg per capita in 1990. The only way the industry could survive was to re-orient itself towards external markets, in 1993, the Russian government launched the privatization of the aluminium industry. This period in Russian business history is now known as the Aluminium wars and his work included trading with major Russian aluminium smelters. In 1994, Mr. Deripaska was elected the General Director of SAZ, since then, gradual strategic acquisitions and growth projects have led to the creation of the world’s largest aluminium and alumina producer, based on production in 2008. RUSAL has historically adopted the policy of fully integrating assets it acquires and controls under centralised operational, in 2000, Sibirsky Aluminium and Millhouse Capital agreed to jointly manage the aluminium and alumina assets they controlled and founded RUSAL. In 2003, companies related to Deripaska increased their stake in those companies under common management to 75% by acquiring half of the interest managed by Millhouse Capital, in the Ukraine, RUSAL increased its share in the Nikolaev alumina refinery to 98%. In 2004, the consolidation of RUSAL’s ownership by companies related to Mr. Deripaska was completed with the acquisition of the remaining 25% equity interest in RUSAL managed by Millhouse Capital. This divestiture process was completed in 2006 with the distribution of certain aluminium construction plants