Basic Element (company)

Basic Element Ltd. (Russian: Ба́зовый элеме́нт, tr. Bazovy element, IPA: [ˈbazəvɨj ɨlʲɪˈmʲent], or simply Базэл) is one of the largest diversified industrial groups in Russia founded in 1997 and owned by Oleg Deripaska.[1] It is based in the British tax haven Jersey[2] the HQ is in Moscow.[3] It was known as Siberian Aluminum until 2001.[4]

Basic Element Group of Companies
Typediversified industrial group
IndustryEnergy, Manufacturing, Financial Services, Construction and Aviation.
Founded1997 (1997)
FounderOleg Deripaska
Headquarters
Moscow
,
Russia
Revenue27,000,000,000 United States dollar (2012) 
Websitewww.basel.ru

Overview

Basic Element has been managing Oleg Deripaska’s investments into the following six economic sectors - energy and mining, manufacturing, financial services, construction and real estate, agribusiness and airport and airline management.[5]

Over 150,000 people work at the group's companies in Russia, the CIS, Africa, Australia, Asia, Europe and Latin America.[6]

In 2007 the company's revenues were $26.8 bln, growing 45% relative to the previous year. It had $45 bln worth of assets.[7] In 2012 the company's revenues were $27 bln.[8]

Operations

Energy and mining sector

En+ Group is Russia-based diversified mining, metals and energy group. En+ Group holds:[9]

  • 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.[10]

Machine building sector

The Russian Machines corporation was established in 2005 to unite Basic Element's machine building assets.[9]

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).

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

Airport management

Basel Aero, a joint venture between Changi Airports International, Basic Element and Sberbank of Russia, is a company-operator of Sochi, Krasnodar 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.[11]

Basel Aero Airports

Financial services sector

Basic Element has been managing Oleg Deripaska’s personal stake in the amount of 10% of Ingosstrakh's ordinary shares. The company is a leading insurer of complex risks such as insurance for ship owners, ship hull insurance, insurance against aviation and space-related risks, and insurance of transportation companies. Ingosstrakh has 83 branches in Russia and the company’s offices operate in 220 Russian towns and cities.

Construction sector

Glavstroy Corporation is a vertically integrated construction holding. Management functions are carried out by Glavstroy-Management.[9]

  • 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)

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

Port business

Real estate
  • BasEl Real Estate

References
  1. "Oleg Deripaska's Basic Element conglomerate now has a former spook as CEO". Meduza. 15 June 2018. Retrieved 16 June 2018.
  2. US-Finanzministerium 6. April 2018: Treasury Designates Russian Oligarchs, Officials, and Entities in Response to Worldwide Malign Activity, abgerufen am 9. April 2018.
  3. "Basic Element Company". Business Week. Retrieved 2009-07-28.
  4. "History of the Russian Aluminium Industry". Rusal.ru. Retrieved 2 June 2017.
  5. "Business". Basic Element. Archived from the original on 2014-08-26. Retrieved 2014-09-02.
  6. "Company key facts". Basic Element. Archived from the original on 2014-08-26. Retrieved 2014-09-02.
  7. "Basic Element increases assets and revenues". Basic Element. Archived from the original on 2015-06-30. Retrieved 2014-09-02.
  8. "Суммарная выручка группы "Базовый элемент" в 2012г. составила 27 млрд долл". RBC. Archived from the original on 2014-07-15. Retrieved 2014-09-02.
  9. "Business". basel.ru. Archived from the original on 2011-09-11. Retrieved 2011-08-23.
  10. "Our businesses". enplus.ru. Archived from the original on 2014-09-03. Retrieved 2014-09-02.
  11. "Аэропорты «Базэл Аэро» с января по май 2016 года обслужили более 2,8 млн пассажиров". Коммерсантъ. 14 June 2016. Retrieved 14 July 2017.
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