- SCM Holdings
-
SCM Holdings 
Industry Mining and metals, power generation, banking, insurance, telecommunications, media, real estate, retail, sport, and others Founded 2000 in Donetsk Headquarters Donetsk Ukraine Key people Rinat Akhmetov (owner); Oleg Popov (CEO) Revenue 
US$8.2 billion (2009)Total assets 
US$18.5 billion (2009)Employees 180 thousand Website http://www.scmholding.com System Capital Management or SCM (Ukrainian: Систем Кепітал Менеджмент) is a major Ukrainian financial and industrial holding company with headquarters based in Donetsk in the east of the country. The business is controlled by a Ukrainian businessman Rinat Akhmetov who owns 100% of the company shares. According to recently published figures the group has revenues of around $8 billion and has assets worth over $18.5 billion.[1]
Contents
Overview
SCM was set up in 2000 and now includes over 100 businesses in metals and mining, power generation, banking and insurance, telecommunications, media and real estates as well as in some other spheres. The biggest company in the SCM Group is METINVEST, which is a mining and steel business and is generally agreed to be Ukraine’s largest private business and is one of the bigger steel businesses in Europe. It is also the largest Ukrainian producer of iron ore. Metinvest also has assets in the USA, Italy, UK, Bulgaria and Switzerland. The second majour company of the Group is DTEK, which mines coal and owns and operates a number of power stations in Eastern Ukraine. It was launched as the power generation and distribution holding within SCM in February 2006. SCM also owns two large banks and an insurance company. In telecommunications, SCM has a fixed line business, Vega Telecom group and a big share in mobile operator, Life:). The Group’s media interests include the newspaper Segodnya and «Ukraina» Media Group. The group is also in the real estate business and owns two five star hotels – one in Kiev and one in Donetsk. SCM group also includes assets in heavy engineering, clay production, transportation, agriculture, retail businesses.
Figures often published as private income of key SCM shareholder Rinat Akhmetov are rather referred to SCM assets value; growth of the value should not be attributed to coming to power of the friendly political party[2][3] but to a great extent to the decision of the Company's key shareholder, according to which the profit is not distributed[4] and traditionally invested into further development of SCM[5][6][7][8] The Group is audited by PricewaterhouseCoopers and consolidated audit statements are given in the table:[3]
Key consolidated financial indicators, $bn 2006 2007 2008 2009 2010 Assets 11.372 19.903 18.075 18.539 22.788 Gross revenues 6.719 9.563 15.985 8.151 12.819 Pre-tax profit 1.053 1.745 3.000 0.283 1.299 Profit tax expenses 0.349 0.379 0.805 0.186 0.499 Metinvest holding
- Krasnodonugol Coal Company[9]
- Northern Iron Ore Enrichment Works (Northern GOK)
- Central Iron Ore Enrichment Works (Central GOK)
- Ingulets Iron Ore Enrichment Works (Ingulets GOK)[10][11][12]
- Avdeyevka Coke and Chemical Plant[13]
- Komsomolskoye mining company
- Limited liability company “Danube Shipping Stevedoring Company”
- Azovstal Iron and Steel Works[14][15][16]
- Ilyich Steel & Iron Works
- Yenakiieve Iron and Steel Works[17][18]
- Khartsyzsk Pipe[19][20]
- Promet Steel JSC[21][22]
- Spartan UK[23]
- Skif-Shipping, LLC[24]
- United Coal Company (USA) West Virginia-based company
- METINVEST-RESOURCE, LLC[25]
- Metinvest International (Switzerland)[26]
- Ferriera Valsider (Italy)[27]
- Trametal SpA (Italy)[28]
DTEK
Donbass Fuel-Energy Complex (Russian: Tопливно-энергетический комплекс Донбассa) was formed in 2002 and is an association of 15 various enterprises that presented a logical chain from mining and refining of coal to supplying of electricity.
The nucleus of the complex at the moment of establishment consisted of Vostokenergo Power Generation Company, ServiceInvest Energy Company, and the coal mine Komsomolets Donbassa. The other companies ranged from scientifically oriented energy-sector companies to those in various social fields. The official website declares that the association is voluntary and non-commercial. The main goals of the complex are the coordination of management and the assurance of high efficiency production. The current director of the association is Maksym Tymchenko.
- Association members
- Pavlogradugol is a coal-mining company which is an association of 10 mines and a coking chemical plant based in Pavlohrad, Ukraine.
- Komsomolets Donbassa is a coal mine named after the komsomol activists
- Vostokenergo is a power generation company, the name of which means the energy of the East (Vostok)
- Service Invest – a power distribution company
- PES-Energougol – a power distribution company
Financial business of SCM
- First Ukrainian International Bank
- Renaissance Capital Bank
- ASKA Insurance Company
- ASKA-Life Insurance Company
Telecom business
- Vega Telecommunication Group
- Astelit Mobile Communications
Media business
TV channels and Internet-business are united within «Ukraina» media group», founded in 2010:
- TRK Ukraina TV channel[29]
- Football TV Сhannel[29]
- Mediapartnerstvo (Donbass regional channel)[29]
- Internet Holding Digital Ventures (the TOCHKA.net portal)[29]
- Segodnya-Multimedia Publishing Group
ESTA Holding – real estate
- ESTA Holding
- Donbass Palace Hotel
- Opera Hotel
Football
The business of Rinat Akhmetov are possibly best known for being the owners of the Ukrainian Shakhtar Donetsk Football Club, which plays regularly in European competitions and is the winner of 2009 UEFA Cup 2009 UEFA Cup Final.
Development plans
The company declares its plans to become an international business and is expanding into Europe and the USA. SCM has recently repaied $545 million loan raised in 2007 to help fund its business expansion.[30] SCM Group majour businesses also actively borrow on international markets with Metinvest raising $1.5 billion facility in 2007 and $700 million loan in 2010[31] and DTEK raising $150 million loan in 2008[32]
In November 2010 the group announced plans to enter two or three new business sectors and invest $10billion over the next decade in its business organic growth alone.[33]
References
- ^ "www.scmholding.com". Key Financials. http://www.scmholding.com/en/investor-relations/financials/.
- ^ admin (13 April 2011). "Growth of the national business means growth of the entire Ukrainian economy | SCM Blog". Blog.scm.com.ua. http://blog.scm.com.ua/en/2011/04/13/growth-of-the-national-business-means-growth-of-the-entire-ukrainian-economy/. Retrieved 18 October 2011.
- ^ a b "Investor relations – Key financials". SCM. http://www.scm.com.ua/en/investor-relations/financials/. Retrieved 18 October 2011.
- ^ "for-ua.org". for-ua.org. http://for-ua.org/politics/2011/05/25/081916.html. Retrieved 18 October 2011.
- ^ "СКМ – Медиа-центр – Новости" (in (Russian)). Scm.com.ua. 14 April 2008. http://www.scm.com.ua/ru/media-centre/news/view/126/. Retrieved 18 October 2011.
- ^ "СКМ – Медиа-центр – Новости" (in (Russian)). Scm.com.ua. 21 April 2009. http://www.scm.com.ua/ru/media-centre/news/view/310/. Retrieved 18 October 2011.
- ^ "СКМ – Медиа-центр – Новости" (in (Russian)). Scm.com.ua. 30 April 2010. http://www.scm.com.ua/ru/media-centre/news/view/675/. Retrieved 18 October 2011.
- ^ "СКМ – Медиа-центр – Новости" (in (Russian)). Scm.com.ua. 14 April 2011. http://www.scm.com.ua/ru/media-centre/news/view/800/. Retrieved 18 October 2011.
- ^ ОАО «Краснодонуголь». "ПАО «Краснодонуголь»". Krasnodoncoal.com. http://www.krasnodoncoal.com/ru/. Retrieved 18 October 2011.
- ^ "МЕТИНВЕСТ :: Ингулецкий ГОК". Ingok.metinvestholding.com. 6 November 2005. http://ingok.metinvestholding.com/ru. Retrieved 18 October 2011.
- ^ "Ingulets Iron Ore Enrichment Works National expert chamber". Upe.ua. http://www.upe.ua/en/customers/client1139. Retrieved 18 October 2011.
- ^ "Frontier market companies profiles, company related news, reports, analysis and related data". Frontiersinsight.com. 18 July 2005. http://www.frontiersinsight.com/company_page.php?company=4686. Retrieved 18 October 2011.
- ^ "МЕТИНВЕСТ :: Авдеевский коксохимический завод". Akhz.metinvestholding.com. 6 November 2005. http://akhz.metinvestholding.com/ru. Retrieved 18 October 2011.
- ^ "МЕТИНВЕСТ :: Металлургический комбинат «Азовсталь»". Azovstal.metinvestholding.com. 6 November 2005. http://azovstal.metinvestholding.com/ru. Retrieved 18 October 2011.
- ^ "AZOVSTAL (AZST:Ukraine): Stock Quote & Company Profile – BusinessWeek". Investing.businessweek.com. http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=AZST:UZ. Retrieved 18 October 2011.
- ^ http://media.ft.com/cms/daf1d3e4-7f30-11dd-a3da-000077b07658.pdf
- ^ Metinvest International SA (6 February 2009). "Metinvest International SA. Metinvest global steel sales. Press centre. News . Yenakiieve Steel Introduces New Steel Grades". Metinvest-international.com. http://www.metinvest-international.com/en/press/news/2009/2/92. Retrieved 18 October 2011.
- ^ "METINVEST :: Yenakiieve Iron and Steel Works". Emz.metinvestholding.com. http://emz.metinvestholding.com/en. Retrieved 18 October 2011.
- ^ "Metinvest :: Khartsyzsk Pipe Plant". Pipe.metinvestholding.com. http://pipe.metinvestholding.com/en. Retrieved 18 October 2011.
- ^ "Frontier market companies profiles, company related news, reports, analysis and related data". Frontiersinsight.com. 29 September 2011. http://www.frontiersinsight.com/company_page.php?company=4592. Retrieved 18 October 2011.
- ^ [1][dead link]
- ^ "Promet Steel JSC". LinkedIn. http://www.linkedin.com/company/promet-steel-jsc. Retrieved 18 October 2011.
- ^ http://www.spartanuk.co.uk/
- ^ "Skif Shipping Ltd". Skif-shipping.dn.ua. http://skif-shipping.dn.ua. Retrieved 18 October 2011.
- ^ "Metinvest Holding LLC: Private Company Information – BusinessWeek". Investing.businessweek.com. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=28676004. Retrieved 18 October 2011.
- ^ Metinvest International SA. "Metinvest International SA. Metinvest global steel sales. Company. Company overview". Metinvest-international.com. http://www.metinvest-international.com/en/about/. Retrieved 18 October 2011.
- ^ [2][dead link]
- ^ "METINVEST :: Metinvest Trametal SpA". Trametal.it. 6 November 2005. http://www.trametal.it/. Retrieved 18 October 2011.
- ^ a b c d System Captial Management changes boss at Ukraina Media Group, Kyiv Post (2 February 2011)
- ^ "ww.scmholding.com". SCM Fully Repays USD 545m Loan. http://ww.scmholding.com/en/media-centre/news/view/740/.
- ^ "Reuters". RLPC-Ukraine's Metinvest ups loan to $700 mln-bankers. 20 July 2010. http://in.reuters.com/article/2010/07/20/metinvest-loans-idINLDE66J0XQ20100720.
- ^ "Steelguru". Ukrainian DTEK repays second part of its syndicated loan. http://www.steelguru.com/raw_material_news/Ukrainian_DTEK_repays_second_part_of_its_syndicated_loan/109742.html.
- ^ "www.scmholding.com". Speech by the CEO of SCM Oleg Popov. http://www.scmholding.com/en/media-centre/library/video/view/9/.
External links
- "SCM Holdings". http://www.scmholding.com. – official website
- "Metinvest Holding". http://www.metinvestholding.com/.
- "DTEK". http://www.dtek.com/.
- "FC Shakhtar Donetsk". http://www.shakhtar.com/. – official website
- "Donbass Palace Hotel". http://www.youtube.com/watch?v=ptBhv2UIZBk. – high-quality videos of Donbass Palace Hotel
Categories:- Companies of Ukraine
- Investment management companies of Ukraine
- Economy of Ukraine
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