Top 10 Largest Manufacturing Companies in Russia
Russia is one of the largest economies in the world, with a diversified industrial base. The manufacturing sector is a key component of the country's economy, ... read more...contributing significantly to employment and GDP. In this article, we will discover some of the largest manufacturing companies in Russia.
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Tatneft, a Russian oil and gas company, has its headquarters in Almetyevsk, Tatarstan, Russia. The company is vertically integrated, meaning that it has control over the entire production process, from exploration to production, refining, and marketing. Tatneft is the fifth-largest oil company in Russia, producing most of its crude oil in Tatarstan, where it holds most of the exploration and production licenses.
As one of the largest manufacturing companies in Russia, Tatneft's operations include the refining of associated petroleum gas, production and marketing of petrochemicals, mainly tires, as well as manufacturing equipment and providing engineering, procurement, and construction services for oil, gas, and petrochemical projects. Tatneft's TANECO refinery refines about 35.5% of the crude oil produced by the company, amounting to 206.7 thousand barrels per day as of 31 December 2019.
In addition to its core operations, Tatneft has been into banking activities, having obtained control over Bank ZENIT in the fourth quarter of 2016. Tatneft's market capitalization as of 31 December 2019, made it the eighth-largest listed company in Russia. The company's global standing was recognized by Forbes, which ranked Tatneft as the 539th-largest public company in the world in the 2020 Forbes Global 2000.
Tatneft is a significant player in the Russian oil and gas industry, with its vertically integrated structure enabling it to have control over the entire production process, from exploration to marketing. Its diversification into petrochemicals, equipment manufacturing, and banking activities indicates its adaptability and strategic vision in a highly competitive industry.
Founded: 1950
Headquarters: Almetyevsk, Russia
Website: https://www.tatneft.ru/en
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Novolipetsk Steel, commonly referred to as NLMK, is a major steel producer in Russia and ranks as the 21st largest steel maker in the world. With a share of approximately 21% of Russia's domestic crude steel production, NLMK primarily produces flat steel products, semi-finished steel products, and electrical steel. In addition, the company also manufactures specialty coated steels, high-ductility steels, and micro-alloyed steels.
The history of the company dates back to 1702 when Peter the Great ordered the construction of an iron foundry in the Lipetsk area of central Russia. In 1931, Novolipetsk Iron and Steel commenced the construction of a plant on the site of the iron ore mine, and over the years, the company grew and prospered. In 1992, it became a joint-stock company, and the following year, it began the process of privatization by distributing company shares to its employees. In 1998, Vladimir Lisin became the chairman of the company.
The manufacturing area of NLMK in Lipetsk covers an extensive area of 27 square kilometers. Although the company owns several other steel and mining industries in Russia, less than half of NLMK's output of steel is sold in Russia.
NLMK primarily sources its iron ore from Stoilensky GOK, a company located 350 km away from the mills at Lipetsk. NLMK's focus on producing high-quality steel products has helped it maintain its position as a leading player in the global steel industry.
Founded: 1931
Headquarters: Lipetsk, Russia
Website: https://nlmk.com/en/ -
Norilsk Nickel, commonly referred to as Nornickel, is a mining and smelting company based in Moscow, Russia. The company's primary operations are located in the Norilsk–Talnakh region of Siberia, near the Yenisei River, where it mines and produces nickel and palladium. It also has holdings in several other locations, including Nikel, Zapolyarny, and Monchegorsk on the Kola Peninsula, Harjavalta in western Finland, and South Africa.
As the world's largest producer of refined nickel and the 11th largest copper producer, Nornickel holds a dominant position in the global metals and mining industry. The company is publicly traded on the Moscow Interbank Currency Exchange (MICEX-RTS) and has two major shareholders, Olderfrey Holdings Ltd and Rusal, which own 34.59% and 27.82% of the company, respectively.
In 2010, Norilsk Nickel made a $12 billion buyback offer for Rusal's 25% share in the company, but the offer was rejected. The following year, a shareholder agreement was signed between Potanin's Interros holding, Rusal, and Roman Abramovich to address issues around dividend payouts, company strategy, and management. The agreement, which expires in 2023, may or may not be extended or suspended.
In 2019, Abramovich sold a 1.7% stake in the company for $551 million, mainly to British and Russian investors. Potanin and Rusal were prevented from purchasing any of these shares. Nornickel's global reach and dominant position in the nickel and palladium markets make it a significant player in the global economy, particularly in Russia's mining industry.
Founded: 1993
Headquarters: Moscow, Russia
Website: https://www.nornickel.com/
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En+ Group plc is a leading green energy and metals company that is focused on sustainability and reducing carbon emissions. One of the company's primary assets is its controlling stake in Rusal, which is one of the world's largest aluminum producers outside of China. The company was founded by Oleg Deripaska, and it is now led by Vladimir Alekseevich Kiryukhin.
What sets En+ Group apart is its commitment to using hydroelectricity to power its smelters, which results in 80% fewer emissions than coal-burning manufacturers in China. The company has set ambitious goals to achieve net-zero emissions in the production of "green aluminum." En+ Group is also the world's largest independent hydropower generator, which makes it a leader in sustainable energy production.
En+ Group's Metals segment is involved in all aspects of the aluminum production value chain, from the production of raw materials to the marketing of finished products. Its Power segment is engaged in all major areas of the Russian power industry, from generation to distribution and transmission.
Despite being a publicly-traded company listed on the London Stock Exchange, En+ Group makes every effort to reduce its impact on the environment and promote social development in the regions where the company operates. With revenues of $10.36 billion and a net income of $1.86 billion in 2020, En+ Group is a major player in the green energy and metals industry, and it is poised to continue leading the way in sustainable business practices.
Founded: 2002
Headquarters: Moscow, Russia
Website: https://enplusgroup.com/en/ -
Magnitogorsk Iron and Steel Works, also known as MMK, is a major iron and steel company located in the city of Magnitogorsk, Russia. Founded in 1932, the company has grown to become one of the largest steel producers in the world. As of 2017, MMK was ranked as the 30th largest steel company globally.
The company's assets in Russia consist of a large steelmaking complex with a full production cycle, from the preparation of iron ore to the production of downstream products. MMK produces a wide range of steel products, with a focus on premium products. The company's sustainability-driven strategy aims to create value for all stakeholders by delivering high-quality results across all its businesses.
MMK's success is attributed to its continuous modernization and digitalization of production processes, as well as the implementation of advanced technologies and promising investment projects. The company also places a strong emphasis on social and environmental responsibility, contributing to its sustainable development.
As one of the largest manufacturing companies in Russia, MMK is a significant player in the global steel industry, with a strong focus on quality, sustainability, and innovation. The company's dedication to continuous improvement has allowed it to maintain its position as one of the leading steelmaking companies in the world.
Founded: 1932
Headquarters: Magnitogorsk, Russia
Website: https://mmk.ru/en/
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TMK is a renowned global manufacturer and supplier of steel pipes and tubular solutions catering to various industries such as oil and gas, nuclear, chemical, mechanical engineering, and construction. With its production assets located in Russia, Kazakhstan, Romania, and the Czech Republic, TMK has established itself as a leading player in the market. The company has also set up two research and development centers in Russia to focus on product innovation and development.
TMK's diverse range of pipes caters to various industries such as chemical and petrochemical, energy, machine-building, construction, municipal housing, shipbuilding, aviation, aerospace, and agriculture. The pipes are manufactured from different types of steel such as carbon, stainless, and heat and cold-resistant steels, as well as nickel alloys.
Apart from the pipes themselves, TMK offers a wide range of related services such as heat treating, protective coating, premium connections threading, warehousing, and pipe repairing. This comprehensive package of services is designed to meet the specific requirements of its customers.
TMK's global market presence is supported by its extensive international distribution network. The company supplies its products to more than 80 countries worldwide through TMK Trade House and several other distributors. Additionally, the company's products are distributed by more than 70 official dealers in Russia and the CIS.
TMK's commitment to quality, innovation, and customer service has helped it establish a strong presence in the steel pipes and tubular solutions market, making it a preferred choice for customers across various industries.
Founded: 2001
Headquarters: Moscow, Russia
Website: https://www.tmk-group.com/ -
Miratorg Agribusiness Holding is a prominent name in the Russian agribusiness industry. Founded by twin brothers Viktor and Alexander Linnik in 1995, the company started its journey with the import of beef and pork from Latin America. Over time, Miratorg expanded its operations and established partnerships with various South American corporations, including Sadia and Minerva Foodsrupt, for the supply of meat products.
As one of the largest manufacturing companies in Russia, Miratorg is a major player in the Russian meat market, with a strong presence in the production and distribution of poultry, pork, and beef. The company also deals in frozen vegetables, convenience foods, ready-to-eat meals, and other food products. Miratorg's success can be attributed to its commitment to quality and customer satisfaction, as well as its investment in modern technology and infrastructure.
Miratorg is a subsidiary of Agromir Ltd., which is based in Cyprus and owns a 99.9% stake in the company. In 2007, Miratorg and Sadia established a joint venture for the production of semi-finished products at the Concordia plant in Kaliningrad, which was fully acquired by Miratorg in 2009. Miratorg is also actively involved in crop farming, which complements its meat production business.
Miratorg Agribusiness Holding has come a long way since its inception and has established itself as a major player in the Russian food industry. With its focus on quality and innovation, the company is poised for continued success in the years to come.
Founded: 1995
Headquarters: Moscow, Russia
Website: https://miratorg.ru/en/
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PhosAgro is a major company in the Russian chemical industry, primarily focused on producing fertilizers, phosphates, and feed phosphates. Based in Moscow, the company operates through various subsidiaries, including Apatit, a mining company located in the Murmansk Region that specializes in extracting apatite rock. PhosAgro is known for being Europe’s largest producer of phosphate-based fertilizers, offering a wide range of high-quality products that help farmers worldwide to improve crop quality and yields.
One of the key features that set PhosAgro apart from its competitors is its vertical integration. The company is involved in every aspect of the fertilizer production process, from the extraction of phosphate rock to the manufacture of finished products. This enables PhosAgro to maintain complete control over the quality of its products, ensuring that they meet the highest standards.
PhosAgro's commitment to environmental safety is also a defining characteristic of the company. Its products are designed to be safe for the environment, helping farmers to improve their crop yields without causing harm to the planet. With over 50 grades of phosphate-based fertilizers, ammonia, and feed phosphates, PhosAgro has a vast range of offerings that cater to the needs of farmers from all around the world.
Founded: 2003
Headquarters: Moscow, Russia
Website: https://www.phosagro.com/ -
Mechel is a prominent mining and metals company based in Moscow, Russia. It is known for producing a wide range of products, including coal, iron ore in concentrate, steel, and rolled steel products. The company sells its output both in Russia and abroad, and is officially known as Public Joint Stock Company Mechel.
In 2002, the Southern Kuzbass Coal Company gained control over the Chelyabinsk Steel Plant and announced a merger of Southern Kuzbass and Mechel into Mechel Steel Group. The move allowed Mechel to diversify its operations and expand its reach in the industry. Igor Zyuzin was elected as Chairman of the Board of Mechel Steel Group OAO in January 2004, and he has played a key role in the company's growth and success.
Mechel is a leader in the production of coking coal, steam coal, iron ore in concentrate, steel, rolled steel, ferroalloys, high-value-added products, heat, and electric power. The company's products are in high demand in both domestic and international markets. Mechel's commitment to quality and innovation has helped it establish a strong reputation in the industry, and it continues to be a major player in the global mining and metals market.
Founded: 2003
Headquarters: Moscow, Russia
Website: https://www.mechel.com/
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Russian Standard is a leading Russian company known for its production of the world-renowned vodka brand, Russian Standard Vodka. The brand was founded in 1998 by Roustam Tariko, who introduced the flagship product, Russian Standard Original, as the first authentic Russian premium vodka. The success of the product was unparalleled, as within two years, sales of Russian Standard surpassed all imported premium vodkas in Russia, leading to broad international expansion.
Today, Russian Standard Vodka is the world's number one Russian premium vodka, with a portfolio that dominates the premium segment in Russia, accounting for a 30 percent market share. The brand also boasts sales of over 3.5 million cases in 2018 in Russia alone and export markets in over 80 countries across Europe, the U.S., and Asia.
Russian Standard Vodka is made using only the finest Russian ingredients, and its production process is based on the principles for vodka established in 1894 by famed Russian scientist Dmitri Mendeleev. The production process involves a four-step protocol, which includes mashing and fermenting, distillation and rectification, filtration and relaxation, and bottling and packaging.
The brand's success is attributed to its commitment to quality and authenticity, as well as its dedication to innovation and expansion. In addition to the flagship product, Russian Standard Original, the brand has also launched other variants, such as Russian Standard Platinum, IMPERIA Vodka, and Russian Standard Gold, which have all been well-received by consumers worldwide.
Founded: 1992
Headquarters: Moscow, Russia
Website: https://www.massvoll-geniessen.de/