Basic Element Company operates energy, metals and mining, machinery, aviation, financial services, and agriculture businesses worldwide. It produces aluminum; generates hydropower and nuclear energy; produces automotive components, aircraft, building materials, military hardware, road-building and construction equipment, and freight cars; manages facilities; develops and produces hi-tech equipment and multi-functional vehicles; trades carbon emissions; designs and constructs residential infrastructure; provides civil and infrastructure construction services; manages commercial property and lets office premises, production sites, and warehouses; provides legal and financial support, commercia...
30 Rochdelskaya Street
Founded in 1997
Oleg Reportedly In Talks To Sell Transstroy
Nov 11 14
Oleg Deripaska is holding talks to sell Transstroy Corporation Open Joint-Stock Company, possibly to a large Russian infrastructure company, a source familiar with the situation told Interfax. Source did not motion the deal value. Basic Element Company holds stake in Transstroy. A source close to Basic Element said the holding would still continue working on projects that are part of its cooperation with Strabag, using the Austrian company's technologies. Interfax Russia added that Transstroy and Basic Element are not commenting on the possibly sale.
Basic Element Restructures Construction Business; Announces Management Changes
Jan 28 14
Basic Element Company announced restructuring of its construction business managing system. Organizational developments are aimed at boosting the sector’s effectiveness, competitiveness and profitability, and will also help to expand the range of services. Two holding companies, Glavmosstroy and Transstroy, are created on the basis of Glavstroy holding, which manages Basic Element’s construction business. Glavmosstroy will focus on civil construction, while Transstroy will be responsible for infrastructure construction projects. Glavmosstroy holding company will be responsible for a complex development of residential construction, ranging from building materials’ production to real estate development projects. Thereby Glavstroy-Development and BaselCement will be added to new Glavmosstroy’s structure. Glavmosstroy business priorities include ramping up the volumes of panel and monolithic housebuilding in Central Russia, designing new economy- and premium-class residential real estate, further development of expertise in health service centers construction as well as raising effectiveness of own production capacities. On top of that, Glavmosstroy will also keep its eye on retaining leadership positions in social infrastructure construction in Moscow region and carrying out construction projects in the areas that had been previously occupied by industrial plants. Transstroy holding company will become a managing centre of infrastructure construction, and will unite a number of departments within the former Glavstroy. The new holding structure will develop expertise in building a wide range of infrastructure facilities throughout Russia. Among the key areas there will be highway and railroad construction, raising sports facilities as well as tunnel and bridge construction, airport and airfield
construction, building of hydraulic engineering facilities and various industrial projects. The company prioritizes private public partnership projects.
Evgeny Fedorov, who has earlier headed EuroSibEnergo and Irkutskenergo, was appointed Glavmosstroy CEO. Igor Pankin was named CEO of Transstroy holding company. Prior to that, Pankin worked at Project Engineering Company Transstroy. Siegfried Wolf was appointed the Chairman of both holdings’ Board of Directors. Yury Molotkov was named the Chairman of the Board of Directors of the OJSC "Holding company Glavmosstroy".