Sitronics
Encyclopedia
Sitronics is a microelectronics company based in Moscow
, Russia
and controlled by Sistema
holding. Its main assets are the electronics fabs, research and development facilities in Zelenograd
and elsewhere in Eastern Europe
.
Despite losses in 2007, the company is planning to remain a part of Sistema and to expand its product portfolio http://www.reuters.com/article/rbssTechMediaTelecomNews/idUSL1238527320080212, bidding for large telecommunications contracts such as a $1 billion deal to build a network in Saudi Arabia.http://www.bloomberg.com/apps/news?pid=20601091&sid=aUa6Nxjbf9E8&refer=india
and was initially named "Scientific Center". In January 2005 its headquarters was moved to Moscow
and in November 2005 the company got its current name. On February 7, 2007 the company placed an IPO on the London Stock Exchange
.http://online.wsj.com/article/SB120096958852205497.html Through a series of acquisitions it has become a leading Russian microelectronics company with revenues exceeding $1 billion in the first 9 months of 2007. http://sitronics.com/site/10/article/94/
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...
and controlled by Sistema
Sistema
AFK Sistema is a large Russian conglomerate company, headed by Vladimir Yevtushenkov. In March 2006, Yevtushenkov controlled 62% of the shares in Sistema....
holding. Its main assets are the electronics fabs, research and development facilities in Zelenograd
Zelenograd
Zelenograd is a city, which, along with the territories and settlements under its jurisdiction, forms one of the administrative okrugs of Moscow - Zelenograd Administrative Okrug...
and elsewhere in Eastern Europe
Eastern Europe
Eastern Europe is the eastern part of Europe. The term has widely disparate geopolitical, geographical, cultural and socioeconomic readings, which makes it highly context-dependent and even volatile, and there are "almost as many definitions of Eastern Europe as there are scholars of the region"...
.
Despite losses in 2007, the company is planning to remain a part of Sistema and to expand its product portfolio http://www.reuters.com/article/rbssTechMediaTelecomNews/idUSL1238527320080212, bidding for large telecommunications contracts such as a $1 billion deal to build a network in Saudi Arabia.http://www.bloomberg.com/apps/news?pid=20601091&sid=aUa6Nxjbf9E8&refer=india
History
Sitronics was founded in 1997 in ZelenogradZelenograd
Zelenograd is a city, which, along with the territories and settlements under its jurisdiction, forms one of the administrative okrugs of Moscow - Zelenograd Administrative Okrug...
and was initially named "Scientific Center". In January 2005 its headquarters was moved to 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...
and in November 2005 the company got its current name. On February 7, 2007 the company placed an IPO on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
.http://online.wsj.com/article/SB120096958852205497.html Through a series of acquisitions it has become a leading Russian microelectronics company with revenues exceeding $1 billion in the first 9 months of 2007. http://sitronics.com/site/10/article/94/