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Corporation News


Christian Kremer to Lead AGCO-RM Joint Venture

Moscow, January 21, 2015 - Christian Kremer has been named CEO of AGCO-RM agricultural joint venture (JV between global manufacturer of agricultural equipment AGCO and Russian Machines Corporation being part of Basic Element industrial group).


Russian Machines and AGCO Announce Completion of Joint Venture Transaction

Moscow, 13 January 2015 - AGCO Corporation, a leading global producer of agricultural equipment and Russian Machines Corporation, which is a part of Russia’s leading diversified industrial group Basic Element, announce that they have completed a joint venture deal. The deal signifies the start of operations of “AGCO-RM” for production of agricultural equipment.


GAZ Group and Bulten have started production of fasteners for automobile industry

GAZ group, a member of Russian Machines holding, which consolidates machine building assets of Basic Element group, and Bulten, Swedish manufacturer of fasteners, have declared opening of a joint venture Bulten-Rus organized at the production facilities of Gorky Automobile Plant. 

News from enterprises


The RoboFest-NN festival sponsored by GAZ Group is going to take place in Nizhny Novgorod

In Nizhny Novgorod there will be the Second regional festival, RoboFest-NN under the all-Russian program “Robotics: the engineering and technical resources of the innovative Russia” sponsored by GAZ Group, a part of the Basic Element, the largest Russian diversified industrial group.


GAZ dealership opened in Ivanovo region

In the city of Ivanovo a new GAZ showroom opened. Autocenter GAZ Yuzhny became the seventh company's center of GAZ sales opened in 2014, and the second one acting in the Ivanovo region. Built in full compliance with corporate standards of GAZ Group, which is part of Basic Element - one of Russia's largest diversified industrial groups, the center will be involved in sales of the entire GAZ product lineup.


GAZelle Next sales launch in Georgia

GAZ Group, a part of Basic Element, Russia's largest diversified industrial holding, begins selling GAZ vehicles, including GAZelle Next and GAZon Next, in Georgia.