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Completed ProjectsMiningPolymetalRussia has inherited major deposits of gold and silver from the Soviet Union. Surpassing the international average in size, these natural riches offered attractive opportunities for investment. ICT Group first decided to go into the mining business in 1996. Polymetal MNPO was established two years later, in 1998, in a bid to give Russia an advanced, integrated precious metals mining company, spanning the entire cycle from prospecting to nugget. Polymetal, a specialist holding group, was created virtually from scratch, incorporating prospecting, engineering and mining operations. ICT Group pulled out of the project in 2005, in order to consolidate its profits and focus on other priorities. Polymetal MNPO is currently the 8th largest silver mining company in the world, and 2nd largest precious metals producer in Russia. More information can be found at http://www.polymetal.ru ShipbuildingBaltiyskiy ZavodAs part of its business development program for the shipbuilding industry, ICT Group has successfully completed a major defense contract that saw three new-generation frigates built for the Indian Navy. Baltiyskiy Zavod is the only Russian naval engineering company on the list of the World’s Top 100 Defense Companies, published by the US Defense News magazine. Following phase one of its sweeping refurbishment, Baltiyskiy Zavod has emerged as one of the most advanced and productive shipbuilders in the world. ICT Group sold its Baltiyskiy Zavod shares to United Industrial Corporation in 2005 as part of its asset restructuring drive. More information on Baltiyskiy Zavod can be found at http://www.bz.ru/ Shipping and LogisticsIncotecIncotec, one of the largest, multi-specialized shipping & logistics holdings in Russia, was originally established to streamline the interfaces between all links of the shipping chain. Incotec is comprised of terminals, warehouses, shipping companies, truck and rail freighters, forwarders, agents and other operators managed out of a single logistics center. Incotec was part of ICT Group until mid-2005. More information at http://www.incotecgroup.ru/ Warehousing ServicesInterterminalInterterminal Group offers warehouse space for rent, as well as secure storage services for a wide variety of cargoes at its own class A and B+ container depots and warehouses. Its Interterminal Parnas and Interterminal Predportovy logistics centers offer the maximum range of warehousing services sought-after in the marketplace, as well as secure cargo storage and warehouse rental in St. Petersburg, integrated with railway tracks and convenient truck access. In spring 2005, ICT Group pulled out of the Interterminal logistics chain project, selling its completed properties and those under construction to Big City ZAO and Green Mark OAO. More information at http://www.interterminal.ru/ BankingInkasbankInkasbank traces its history back to 1994, when the Central Bank of Russia registered Animabank. Animabank merged with Inkasbank in 1998, and the new bank was named Inkasbank. Over its 11 years in the marketplace, the bank has won a vast client base in many industries. As before, Inkasbank guarantees top service to its clients at affordable rates. Inkasbank was a member of ICT Group until December 2003. More information at http://www.inkasbank.ru/ Construction and DevelopmentIn the late 1990s, the almost complete absence of quality office space and housing on the market in Moscow and St. Petersburg made investment in property development singularly attractive. ICT Group was active in the construction market of both Moscow and St. Petersburg from 1997 through 2000. Once profitability took a downturn in the sector, the group decided to diversify into other, faster-growing and more promising markets, such as gold and silver mining. Nonetheless, ICT has a lot to show for the few years it spent in the property development business, having proved its ability to start projects from scratch in a new sector, and make them a success. From 1997 on, the group’s construction divisions built a number of premium housing and office properties in downtown Moscow and St. Petersburg: Moscow
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ICT Group © 2006 |
