Jan 29 2007
RUSAL, a top-three global aluminium producer, announces the transfer of its Extruded Products Division to Glavstroy, a company managing the construction assets of Basic Element. The handover is part of the merger agreement between RUSAL, SUAL and Glencore.
The Extruded Products Division is Russia's leading extruded construction products developer and manufacturer accounting for 20% of the market. The Division supplies a wide range of products including aluminium profiles and systems for the construction industry, interior design developers and machine-building enterprises.
The Extruded Products Division will become part of Glavstroy, adding to a full range of construction related activities including investment, project development, production of construction materials and engineering equipment, facility launch and management.
«The addition of the Extruded Products Division to our company is a logical step in the Glavstroy strategy. We plan to develop the construction of high calibre accommodation facilities and strengthen our competitive advantages in the market», said Artur Markaryan, CEO of Glavstroy. «We aim to integrate Extruded Products quickly to increase our flexibility in meeting the changing market demand for architectural structures.»