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ICT Group (Russia)
Encyclopedia
Precious Metals & Mining
PolymetalPolymetal was established by ICT in 1998 and is now one of the top five primary silver producers in the world. The company is the largest silver producer in Russia and the country’s fifth largest gold producer.
It owns several gold and silver mines and carries out exploration activities in four regions of Russia as well as Kazakhstan.
In 2005, the company was sold to the Nafta-Moskva Group (owned by billionaire Suleiman Kerimov) but was bought back by ICT in 2008. In October 2011, Polymetal successfully completed the placing of £491m of shares 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...
, valuing the company at £3.55bn and making it the first Russian-founded company to obtain a premium listing at the LSE. Polymetal is expected to become a FTSE 100 company by the end of 2011.
Uralkali
ICT Group holds a 12.16% stake in Uralkali (market cap $18.2bn), which is a world leading potassium
Potassium
Potassium is the chemical element with the symbol K and atomic number 19. Elemental potassium is a soft silvery-white alkali metal that oxidizes rapidly in air and is very reactive with water, generating sufficient heat to ignite the hydrogen emitted in the reaction.Potassium and sodium are...
fertilizer
Fertilizer
Fertilizer is any organic or inorganic material of natural or synthetic origin that is added to a soil to supply one or more plant nutrients essential to the growth of plants. A recent assessment found that about 40 to 60% of crop yields are attributable to commercial fertilizer use...
producer. Uralkali has a 20% world market share of potash.
The company is listed on the Russian Trading System Exchange
Russian Trading System
The Russian Trading System is a stock market established in 1995 in Moscow, consolidating various regional trading floors into one exchange. Originally RTS was modelled on NASDAQ's trading and settlement software; in 1998 the exchange went on line with its own in-house system...
(RTS), the Moscow Interbank Currency Exchange (MICEX) and the London Stock Exchange (LSE).
Financial Services
NOMOS-BANKAs of 2010, NOMOS is ranked as the 2nd largest privately-owned and 7th largest banking group in Russia in terms of assets.
Nomos floated on the London Stock Exchange in April 2011, raising $718 million and making it the largest IPO of a privately owned Russian bank.
The bank now has market capitalization of roughly $2.6 billion (1h 2011), with the ICT Group holding 48.48% share.
Khanty-Mansi Bank
Khanty-Mansi Bank is the anchor bank for the economy of the Khanty-Mansi Autonomous Area, the main oil
Oil
An oil is any substance that is liquid at ambient temperatures and does not mix with water but may mix with other oils and organic solvents. This general definition includes vegetable oils, volatile essential oils, petrochemical oils, and synthetic oils....
and gas
Gas
Gas is one of the three classical states of matter . Near absolute zero, a substance exists as a solid. As heat is added to this substance it melts into a liquid at its melting point , boils into a gas at its boiling point, and if heated high enough would enter a plasma state in which the electrons...
bearing area in Russia and one of the largest oil producing regions in the world. KMB ranks among the top 35 largest Russian banks.
Nomos Bank bought a majority stake in KMB from ICT in December 2010.
Piraeus Bank
ICT Group has held a 5% stake in Piraeus, a top-5 Greek bank, since June 2011.
Transport Engineering
Tikhvin Freight Car PlantTikhvin Freight Car Building Plant (TVSZ) is a manufacturer of freight cars
Goods wagon
Goods wagons are railway wagons that are used for the transportation of goods .- Development :At the beginning of the railway era, the vast majority of goods wagons were four-wheeled vehicles of simple construction. These were almost exclusively small covered wagons, open wagons with side-boards,...
for the rail industry and is considered to be one of the largest industrial facilities currently under construction in Europe in the machine building industry.
ICT has invested $1.2 billion in the plant and aims to bring state-of-the-art American technology to the sizeable Russian market for the first time.
The company is seeking to become the sole provider of freight buggies to Russia and the CIS
CIS
CIS usually refers to the Commonwealth of Independent States, a modern political entity consisting of eleven former Soviet Union republics.The acronym CIS may also refer to:-Organizations:...
.
The construction of the plant began in 2008 and continued in spite of the global economic crisis of 2008-9. ICT has also invested $200 million in the construction in Tikhvin of 2,000 apartments to attract high qualified work force to TVSZ from all over Russia.
Titran-Express Assembly Plant
Also located in Tikhvin, Titran is a modern engineering plant which assembles buggies for electrical locomotives and railroad cars, units for railroad machinery, special-purpose machinery for the nuclear power industry and equipment used in the defense industry.
Engineering & Development
Baran EngineeringBaran is the largest Israeli
Israel
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...
engineering company, listed on the TASE (Tel-Aviv Stock Exchange) in which ICT Group holds a 22% stake.
Baran Group was ranked 128th on the list of The Top 200 International Design Firms and 210th on the list of The Top 225 International Contractors by The Engineering News-Record, published in the US, in 2011.
ICM Engineering
ICM is a joint venture between ICT Group and Baran Engineering. The company was established primarily to meet the group's needs in the construction of the Tikhvin Freight Car Plant.
Community Involvement
ICT has invested $200 million in the construction of 2,000 apartments in Tikhvin to attract a high qualified work force to its Freight Car Building plant from all over Russia.Three of the group’s partners – Alexander Nesis, Nikolai Dobrinov and Alexei Gudaitis — injected over 1.7 billion rubles into the local budget by registering themselves as residents of Tikhvin. The money went towards projects such as infrastructure, schools and the repair of a local hospital.