SU-155 Group () is a Russian vertically integrated group of companies which is a leader in the Russian building construction industry. Besides building construction and real estate development, the group conducts activities in construction and non-metallic materials manufacturing, mechanical engineering, and investing in land, engineering and public infrastructure. The group headquarters is in Moscow.
As of 2013, the SU-155 group operates in 54 different Russian cities. More than 100 companies are part of the group: construction material businesses, contractor/construction organizations, non-metallic natural resource procurement enterprises, mechanical engineering outfits, and service companies. The legal name of the group's head company is Closed Joint-Stock Company "SU-155" ().
In 2015, the company was declared bankrupt.
History
The group traces its history to 1954, when the entity "Stroymontazhtrest Number 3", later renamed to "Construction Management Number 155", was created in the Glavmosstroy system. In 1993 the entity was transformed into a closed joint-stock company. From the beginning of the 2000s, the Group systematically widened its presence in the country's regions, purchasing or creating building construction companies and manufacturing enterprises.
Ownership and management
The primary owner and chairman of the board (as of 2014) is Mikhail Balakin, who in 2014 was listed as number 52 on the Forbes list of 200 richest Russian businessmen and listed as number 866 on the Forbes list of the world's billionaires with assets worth $1.9 billion.
The CEO of LLC East-Siberian Construction Company (part of SU-155 Group) is the former mayor of Yakutsk (1998-2007) and former governor of Arkhangelsk region (2008-2012), Ilya Mikhalchuk.
Structure
SU-155 Group has grown over 20 years from a small construction company into a vertically integrated group of manufacturing and production companies with a closed production cycle: its structure contains assets allowing for business integration at all stages of the supply chain.
Overall, SU-155 Group declares the presence in its structure of: 18 real estate developer companies 22 contractor companies 5 mechanical engineering factories 30 construction materials enterprises 4 architectural design companies 2 estate agent companies 2 transportation companies 1 finance company
In Serpukhov (Moscow Oblast), SU-155 is building a manufacturing cluster worth more than 10 billion roubles (295 million US$ or 215 million €), which will include a Serpukhov Elevator Manufacturing Plant launched in 2013, along with a fittings manufacturing factory and a steel structure production enterprise. It is estimated that the turnover of all the new cluster's enterprises combined will reach 25 billion roubles (740 million US$ or 540 million €) per year.
In 2013–2014, the Group announced and began the construction of new manufacturing enterprises in Penza, Iskitim (Novosibirsk Oblast) and Volgograd.
Previously, Mikhail Balakin (majority shareholder of CJSC SU-155) owned a 48.15% stake in the NS Bank (Independent Construction Bank), but in April 2013, he sold his shares in the bank to the management.
In April 2014, SU-155 withdrew from all companies providing housing and utility services previously included in the Group, selling shares to those companies' managements.
Operations
SU-155 operates in the Central (Moscow and the Bryansk, Vladimir, Ivanovo, Kaluga, Kostroma, Moscow, Ryazan, Tver, Tula, and Yaroslavl Regions), Northwestern (St. Petersburg and the Kaliningrad and Leningrad Regions), Volga (Nizhny Novgorod and Penza Regions), Southern (Volgograd Region) and Siberian (Omsk and Novosibirsk Regions and Krasnoyarsk Krai) Federal Districts - 20 regions in total as of 2014.
SU-155 Group's turnover as of 2013 amounted to 114.2 billion roubles (3.36 billion US$ or 2.46 billion €) (in 2012 - 84.3 billion roubles, and in 2011 - 82.7 billion roubles), including housing sales amounting to 74.8 billion roubles (2.2 billion US$ or 1.61 billion €).
In 2013, the Group built 1.65 million sq. m. of property (in 2012 - 1.43 million sq. m., and in 2011 - 1.3 million sq. m.), including more than 513 thousand sq. m. built outside of Moscow and the Moscow Region, which amounts to almost 31% of the overall amount of construction (in 2012, almost 640 thousand sq. metres was built in the regions, 45% of the overall amount of construction; in 2011 - 500 thousand sq. m., corresponding to 37%). In 2013, the Group beat the industry (and its own) record of 1.51 million sq. m. of housing built by the company in 2009.