Basic Element is a diversified investment company founded in 1997 and owned by Oleg Deripaska

Oleg Deripaska

Oleg Vladimirovich Deripaska is the Russian Chief executive officer of Basic Element company and a member of the Board of Directors and CEO of United Company RUSAL, a Russian aluminium industry company...

. It is based in Moscow

Moscow

Moscow is the capital, the most populous city, and the most populous federal subject of Russia. The city is a major political, economic, cultural, scientific, religious, financial, educational, and transportation centre of Russia and the continent...

, Russia

Russia

Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...

.

Overview

Basic Element's main assets are concentrated in five economic sectors - Energy, Manufacturing, Financial Services, Construction and Aviation.

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.

Strategy

According to the company's website, Basic Element strives to conduct business in Russia and around the world in an effective and responsible manner. Its stated priorities include:

• Reduction of Production Costs and Expenses
• Modern Production and Management Systems
• Personnel development
• Corporate Social Responsibility
• New Technologies
• International Standards of Corporate Governance
• Environmental Responsibility

Energy sector

En+ Group

En+ Group

En+ Group is an energy-related company owned by Oleg Deripaska. En+ Group owns a controlling interest in United Company RUSAL. It reported revenues of $10.869 billion in 2006.-Operations:...

 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.

Manufacturing sector

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

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

• automotive (GAZ Group),
• automobile components (RM Systems),
• railway engineering (OJSC RCTM, Republic of Mordovia; and the Abakanvagonmash plant, Abakan, Republic of Khakassia),
• aircraft building (Aviakor
  Aviakor
  OJSC Aviakor is an aviation plant located in Samara. It is part of the Russian machines holding under control of the financial industrial group Basic Element owned by Oleg Deripaska. In USSR Kuibyshev aviation plant was one of the five largest plants in the aviation industry. For more than half...
  
  ),
• road construction machinery (GAZ Group),
• equipment for the armed forces (Military Industrial Company).

Aviation sector

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
  Gelendzhik Airport
  Gelendzhik Airport is an airport in Krasnodar Krai, Russia located in the resort town of Gelendzhik. The airport opened to passengers on 5 June 2010.-Airlines and destinations:-References:...
  
  
• Yeysk Airport

According to the press Basel operates Harkiv Airport.

Airlines

Basel owns OJSC Kuban Airlines - the Krasnodar territory's passenger carrier, linking the region with Moscow, St. Petersburg, Yekaterinburg and other Russian and foreign airports.

In July 2010 Basel revealed its intention to buy Russia’s low-cost airline Sky Express (Скай Экспресс)

Sky Express

CJSC Sky Express , also known in Russian as Скай Экспресс, was the first Russian airline to present itself as a low-cost carrier focusing on domestic flights...

. In May 2011, Denis Ilyin, head of Basel’s aviation business, became the Sky Express’ CEO.

Tourism services in Russia

OJSC Kuban Territorial Air Communications Agency (TAVS Kuban) operates in ticket sales services, organization of tourist flights and freight traffic, as well as taxi services at Basel Aero airports.

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)

Agribusiness

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

Media business

• ForMedia, manages regional media assets, including TV and radio companies
• FORWARD MEDIA GROUP publishing house

Network projects

• Rospechat
  Rospechat
  Federal Agency on Press and Mass Communications of the Russian Federation is the regulating state agency within the hierarchy of modern Russian Government...
  
  Agency
• PONY EXPRESS, provider of express post and parcel delivery services
• CityVision, digital outdoor advertising network
• Brandflight consultancy