United Industrial Corporation [OPK]
8/23, Strastnoj Blvd., 125009, Moscow, Phone: +7 (495) 626-40-04, +7 (495) 694-33-03, Fax: +7 (495) 694-35-27
United Industrial Corporation [OPK, may also be rendered as Consolidated Industrial Corporation or Joint Industrial Corporation] managed assets in the most promising sectors of Russian economy. The group center consists of "International Industrial Bank” CJSC together with its subsidiaries, the largest Russian shipbuilding enterprises “Severnaya Verf” OJSC and “Baltiysky Zavod" OJSC, Eniseyskaya Industrial Company engaged in development of one of the world largest coke coal deposit, development projects in the most attractive regions of Russia for USD 7.5 billion in total. The Corporation acts as a conservative investor investing into the corporate equity capital of the companies - sector leaders, major development projects and extractive industry projects within the framework of specially established companies.
United Industrial Corporation had controlling interest in the leading Russian shipbuilding enterprises: OAO Shipbuilding Plant “Severnaya Verf” (72.23 % of shares) and OAO Baltiyskiy Zavod (the Baltic Plant) (88 % of shares). UIC considers these assets to be of strategic importance, does not plan to sell them and has not conducted negotiations for their sale either with government authorities or private businesses. Severnaya Verf and Baltiyskiy Zavod have a heavy order backlog for Russian and international customers. Both enterprises also have necessary spare capacities, which allow them to manage new large-scale orders.
United Industrial Corporation occupied the leading position in the promising sectors of economy thus transforming its subordinate companies into public international companies which cover an extensive market segment and have considerable capitalization. The Corporation also forms strong management teams and pursues an integrated borrowing and investment policy. The Corporation management team has a successful experience in establishing large banking business and implementing investment projects in oil and gas and real estate sectors.
CJSC "International Industrial Bank" is the sole investor and developer engaged in reconstruction of "Kremlevsky" complex. The total project investments are evaluated at $360 mln. The project, agreed with the Presidential Affairs Department of the Russian Federation, assumes renovation of the historical building on Red Square, 5. An elite hotel, apartments, serviced by the hotel operator as well as a two-level underground parking, a few retail areas, restaurants and SPA will be constructed on its base. The "Middle Malls" complex (presently "Kremlevsky") was built in the end of XIX century by the architect R.I.Clein. Since 1917 to date the complex has hosted the Defense Ministry of the RF Departments and has been closed for visitors. The main building of the complex is a federal architectural monument being a part of Red Square and Moscow Kremlin – the monuments of architecture, history and culture included into the list of UNESCO world heritage objects.
The Pleshcheyevo Project involves development of a 594-hectare land plot owned by companies controlled by Joint Industrial Corporation. The plot is located a mere 20 km to the west of Moscow, in a prestigious area lying along the Rublyovskoye and Novorizhskoye Highways in the flood basin of two rivers the Moskva and the Istra. In the course of implementation of the project, it is planned to build a unique major elite residential compound, unlike any other similar facility existing today in Russia, with an extended social and sports infrastructure. The project is scheduled for completion in 2011.
ZAO Yenisseiskaya Industrial Company managed by Consolidated Industrial Corporation held a license to explore and mine coal at Elegestski field of Ulugkhemski coal basin and implements coking coal mining projects in central part of Tuva Republic.
OAO Direct Investments Foundation (DIF) is established by Unitied Industrial Corporation with a view to improve management practices and provide prospective investors with ongoing access to relatively inexpensive (up to US$ 20 million) but attractive projects, primarily those related to real estate development.
The company’s portfolio includes investments in OAO OKB Sukhoy. On September 17, 2004 United Industrial Corporation (UIC), a company managing industrial assets of the International Industrial Bank, acquired 13.78% of OAO OKB (Design Office) Sukhoy’s shares. This was provided for by an agreement for sharing the assets with holding "New Programs and Concepts" (NPC) that until recently had owned assets of the design office.
Diversified conglomerate Textron Inc. said October 08, 2007 that it will purchase United Industrial Corp. (UIC) -- a totally unrelated American company with the same name as Oboronprom -- for about $1.1 billion in a move to expand its aerospace and defense business. United Industrial Corporation designs, produces, and supports aerospace and defense systems through its wholly owned subsidiary, AAI Corporation, and AAI Corporation’s direct and indirect wholly owned subsidiaries, AAI Services Corporation, Aerosonde Pty Ltd, Aerosonde North America Incorporated, ESL Defence Limited, McTurbine Inc., and Symtx, Inc.
|Join the GlobalSecurity.org mailing list|