Basic Element (company)

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.

Basic Element Group of Companies

Type	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

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.

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

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

Operations

Energy and mining sector

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

• 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.

Machine building sector

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

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

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

Basel Aero Airports

• 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.

Financial services sector

• Insurance (IJSC Ingosstrakh)
• Banking (Soyuz Bank)
• Leasing (Element Leasing)
• Pension Funds (Non-state pension fund Socium)

Construction sector

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

• 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

Media business

• FORWARD MEDIA GROUP publishing house

Network projects

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

Port business

• Imeretinsky Port, Sochi

Real estate

• BasEl Real Estate

External links

• Company website