View source for SU-155

{{Short description|Russian vertically integrated group of companies}}
{{Infobox company
| name             = SU-155 Group of Companies<BR>Группа компаний "СУ-155"
| logo             =
| type             = [[Privately held company|Private]] [[Conglomerate (company)|conglomerate]]
| genre            =
| foundation       = 1993
| defunct          = 2015
| founder          =
| location_city    = [[Moscow]]
| location_country = [[Russia]]
| location         =
| locations        =
| area_served      = [[Russia]]
| key_people       = [[Mikhail Balakin]]<BR>[[Ilya Mikhalchuk]]
| industry         = [[Building construction]], [[Real estate development]], [[Mechanical engineering]]
| products         =
| services         =
| revenue          = {{increase}} [[US$]]3,58 [[1,000,000,000 (number)|billion]] (YE2013)<ref name="realty.rbc.ru.2013">[http://realty.rbc.ru/articles/28/05/2014/562949991599192.shtml Published rankings of 30 major Russian's developers] (in Russian)</ref>
| owner            =
| num_employees    =
| parent           =
| divisions        =
| subsid           =
| caption          =
| homepage         = [http://www.su155.com/ SU-155] (in English),<BR>[http://www.su155.ru/ SU-155] (in Russian)
| footnotes        =
| intl             =
}}
'''SU-155 Group''' ({{langx|ru|СУ-155}}) is a Russian [[Vertical integration|vertically integrated]] [[Corporate group|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 [[Holding company|group's head company]] is Closed [[Joint-Stock Company]] "SU-155" ({{langx|ru|Закрытое акционерное общество СУ-155}}).
In 2015, the company was declared bankrupt.<ref>{{cite news|title=Arbitration declared bankrupt SU-155 – Lenta.ru|url=http://russianeconomyportal.blogspot.com/2016/04/arbitration-declared-bankrupt-su-155.html|accessdate=22 May 2017|work=Russian Economy News|date=14 April 2016}}</ref>
==History==
The group traces its history to 1954, when the entity "Stroymontazhtrest Number 3",<ref>{{cite web|url=http://www.su155.net/|archive-url=https://web.archive.org/web/20090302093459/http://www.su155.net/|archive-date=2009-03-02|url-status=|title=СУ 155 Мифы и Реальность|accessdate=2013-03-15}}</ref> 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]].<ref>[http://pda.cnews.ru/news/index.shtml?top/2009/03/11/340244 СУ-155 отсудила домен su155.net] {{webarchive|url=https://web.archive.org/web/20110824045128/http://pda.cnews.ru/news/index.shtml?top%2F2009%2F03%2F11%2F340244#}} // pda.cnews.ru &nbsp;<abbr title="Дата последней проверки этой ссылки">(Дата обращения: 14&nbsp;мая&nbsp;2009)</abbr></ref><ref>WIPO Arbitration and Mediation Center. [http://www.wipo.int/amc/en/domains/decisions/html/2008/d2008-1734.html Case No. D2008-1734]</ref> From the beginning of the 2000s, the Group systematically widened its presence in the [[Federal subjects of Russia|country's regions]], purchasing or creating building construction companies and manufacturing enterprises.<ref>[http://www.kommersant.ru/doc-y/2087017 Анатолий Сердюков стал жертвой обмана]</ref><ref>[http://www.kommersant.ru/Doc/2061326 Сокровища российской обороны]</ref>
==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<ref>[http://www.forbes.ru/rating/200-bogateishikh-biznesmenov-rossii-2014/2014 200 richest businessmen in Russia — 2014] [[Forbes]], 17.04.2014 (in Russian)</ref> and listed as number 866 on the [[Forbes]] list of the world's billionaires<ref name="forbes.com.mb">{{cite web |title=Mikhail Balakin |website=[[Forbes]] |archive-url=https://web.archive.org/web/20230420015754/https://www.forbes.com/profile/mikhail-balakin/ |archive-date=2023-04-20 |url-status=live |url=https://www.forbes.com/profile/mikhail-balakin/}}</ref> with assets worth $1.9 billion.
The CEO of LLC East-Siberian Construction Company (part of SU-155 Group) is the former [[mayor]] of [[Yakutsk]] (1998-2007) and former [[governor]] of [[Arkhangelsk region]] (2008-2012), [[Ilya Mikhalchuk]].<ref>[http://www.su155.com/company_group/press_center/smi/su-155-builds-siberia/ In brief], "[[Expert (magazine)|Expert]]-Siberia", 10.02.2014. (in English)</ref>
==Structure==
SU-155 Group has grown over 20 years from a small construction company into a [[Vertical integration|vertically integrated]] group of manufacturing and production companies with a closed production cycle: its structure contains assets allowing for business integration at all stages of the supply chain.
Overall, SU-155 Group declares the presence in its structure of:
* 18 real estate developer companies
* 22 contractor companies
* 5 mechanical engineering factories
* 30 construction materials enterprises
* 4 architectural design companies
* 2 estate agent companies
* 2 transportation companies
* 1 finance company
In [[Serpukhov]] ([[Moscow Oblast]]), SU-155 is building a manufacturing cluster worth more than 10 billion roubles (295 million US$ or 215 million €), which will include a Serpukhov [[Elevator]] Manufacturing Plant launched in 2013,<ref>[http://survincity.com/2011/04/in-serpukhov-near-moscow-opened-elevator-factory/ In Serpukhov near Moscow opened Elevator Factory] (in English)</ref><ref>[http://mitol.ru/index.php/en/our-new/194-opening-serpukhov-elevator-factory.html Opening "Serpukhov Elevator Factory"] (in English)</ref> 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.<ref>[http://www.themoscowtimes.com/business/article/su-155-to-invest-310m-in-building-materials-production/487357.html SU-155 to Invest $310M in Building Materials Production](in English)</ref><ref>[http://www.su155.com/company_group/press_center/smi/industrial-cluster-in-serpukhov/ MIG (Serpukhov): SU-155 industrial cluster in Serpukhov], "News agency of Moscow region", 07.02.2014. (in English)</ref>
In 2013–2014, the Group announced and began the construction of new manufacturing enterprises in [[Penza]],<ref>[http://www.1prime.biz/news/construction_real_estate/_Russias_SU-155_to_invest_7_bln_rbl_in_concrete_plant_housing/0/%7BAE3D8921-18B5-4000-81CB-30FEAD9FE2CD%7D.uif Russia’s SU-155 to invest 7 bln rbl in concrete plant, housing] (in English)</ref> [[Iskitim]] ([[Novosibirsk Oblast]])<ref>Elena Morozova. [http://www.vedomosti.ru/newspaper/article/623371/su-155-ukrepit-strojku-zavodom "SU-155" will strengthen the construction plant], [[Vedomosti]]-Western Siberia, 13.02.2014 (in Russian)</ref><ref>[http://itar-tass.com/sibir-news/1167019 Holding "SU-155" plans to build a plant in Novosibirsk] (in Russian)</ref> and [[Volgograd]].<ref>[https://archive.today/20140529035122/http://lands-sale.com/real_estate/GK_Su-155_is_planning_to_build_in_Volgograd_2_million_52841 GK "Su-155" is planning to build in Volgograd 2 million sq m of housing] (in English)</ref>
Previously, [[Mikhail Balakin]] (majority shareholder of CJSC SU-155) owned a 48.15% stake in the NS Bank (Independent Construction Bank),<ref>{{Cite web|last=Ostrowski|first=Rafał|title=SU-155 to build 3,700 apartments {{!}} EurobuildCEE|url=https://eurobuildcee.com/en/news/11555-su-155-to-build-3700-apartments|access-date=2021-01-27|website=eurobuildcee.com|language=en}}</ref> but in April 2013, he sold his shares in the bank to the management.<ref>[http://www.banki.ru/news/engnews/?id=4811930 SU-155 owner ditches NS Bank stake] (in English)</ref>
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.<ref>[http://www.su155.com/company_group/press_center/smi/su-155-exits-management-company-business/ SU-155 exits management company business], "[[RIA Novosti]]", 09.04.2014. (in Russian)</ref>
==Operations==
SU-155 operates in the [[Central Federal District|Central]] ([[Moscow]] and the [[Bryansk Oblast|Bryansk]], [[Vladimir Oblast|Vladimir]], [[Ivanovo Oblast|Ivanovo]], [[Kaluga Oblast|Kaluga]], [[Kostroma Oblast|Kostroma]], [[Moscow Oblast|Moscow]], [[Ryazan Oblast|Ryazan]], [[Tver Oblast|Tver]], [[Tula Oblast|Tula]], and [[Yaroslavl Oblast|Yaroslavl]] Regions), [[Northwestern Federal District|Northwestern]] ([[Saint Petersburg|St. Petersburg]] and the [[Kaliningrad Oblast|Kaliningrad]] and [[Leningrad Oblast|Leningrad]] Regions), [[Volga Federal District|Volga]] ([[Nizhny Novgorod Oblast|Nizhny Novgorod]] and [[Penza Oblast|Penza]] Regions), [[Southern Federal District|Southern]] ([[Volgograd Oblast|Volgograd]] Region) and [[Siberian Federal District|Siberian]] ([[Omsk Oblast|Omsk]] and [[Novosibirsk Oblast|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<ref name="ved-zak">Maria Dranishnikova, Anton Filatov, Nadezhda Zaitseva. [http://www.vedomosti.ru/realty/news/23283731/dom-s-vidom-na-goszakaz SU-155 makes 74.8 bn rubles from housing sales in 2013], "[[Vedomosti]]", 26.02.2014. (in Russian)</ref><ref>Maria Dranishnikova, Anton Filatov, Nadezhda Zaitseva. [http://su155.com/company_group/press_center/smi/su-155-makes-74-bn-rubles/ SU-155 makes 74.8 bn rubles from housing sales in 2013], "[[Vedomosti]]", 26.02.2014. (in English)</ref><ref>[http://su155.com/company_group/press_center/smi/su-155-profit-grows/ SU-155 Group profit grows by 35% in 2013 to 114.2 bn rubles] (in English)</ref> (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<ref>[http://www.vedomosti.ru/newspaper/article/632631/su-155 Company of the week: "SU-155"] (in Russian)</ref> (in 2012 - 1.43 million sq. m.,<ref name="rbc1">[http://realty.rbc.ru/company_news/21/02/2013/562949985808179.shtml Plus 10% GC "SU-155"] (in Russian)</ref> and in 2011 - 1.3 million sq. m.<ref name="izvestia1">[http://izvestia.ru/news/545429 SU-155 became the first area built in 2012 estate] (in Russian)</ref>), 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.<ref name="rbc1" />
The company is the leading property real estate developer in Russia by revenue from property sales in 2013 (by [[Vedomosti]]):<ref name="ved-zak" />
*'''SU-155 Group''' - 74.8 billion roubles (2.2 billion US$ or 1.61 billion €)
*[[PIK Group]] - 62.96 billion roubles (1.85 billion US$ or 1.36 billion €)
*[[LSR Group]] - 60 billion roubles (1.76 billion US$ or 1.29 billion €)
The company is the leading construction company in Russia by revenue in 2013 (by [[RBC Information Systems|RBC Magazine]]):<ref>[http://realty.rbc.ru/articles/28/05/2014/562949991599192.shtml Published Russian rankings of 30 major developers], "RBC Magazine", 28.05.2014 (in Russian)</ref>
*'''SU-155 Group''' - 3,58 billion US$ (2,71 billion US$ in 2012, 2,81 billion US$ in 2011<ref>[http://realty.rbc.ru/articles/25/09/2013/562949989017439.shtml Published rankings Russian leaders of real estate], "RBC Magazine", 25/09/2013 (in Russian)</ref>)
*Tashir Group - 3,30 billion US$ (2,9 billion US$ in 2012, 2,6 billion US$ in 2011)
*Absolut Group - 2,82 billion US$ (2,83 billion US$ in 2012, 2,93 billion US$ in 2011)
In 2013, SU-155 launched 21 public facilities in Russia:<ref>[http://riarealty.ru/news_infrastructure/20140220/402556741.html "SU-155" in 2013, put into operation in 21 Russian social object]</ref> 4 schools, 14 nurseries and 3 polyclinics - this is 42% more by capacity in nurseries and 30% more by capacity in schools than 2012 figures. SU-155 Group spent around 1.9 billion roubles (55 million US$ or 41 million €) on building and fitting out public infrastructure facilities in 2013 - 18% more than in 2012.
==Charitable activities==
In 2002–2005, SU-155 Group reconstructed the St. Nicholas Cathedral in [[Serpukhov]], founded in the 16th century.<ref name="riarealty.ru.20130424">[http://riarealty.ru/analysis_trends/20130424/400280536.html Orthodox development: the temple as part of the social order] "[[RIA Novosti]]", 24.04.2013 (in Russian)</ref> After the Great October Revolution, the cathedral housed the city's pasta factory for a time. During the Great Patriotic War, the belfry was torn down and laundries were set up in the building. Later, it was used as a warehouse.
In 2009–2012, through the efforts of SU-155<ref>[http://www.fontanka.ru/2013/06/06/187/ Широко закрытый Морской собор. Справка]</ref> and other companies, the [[Kronstadt Naval Cathedral]] of St. Nicholas the Wondermaker was restored. The cathedral was closed in 1929, and in Soviet times, it served as a [[movie theater]], quarters for [[Baltic Fleet]] officers, a concert hall, and a branch of the [[Central Naval Museum]].<ref>{{Cite web|url=http://mperspektiva.ru/topics/1955|title=Участникам восстановления Кронштадтского Морского собора вручены награды|accessdate=2014-05-25|archiveurl=https://web.archive.org/web/20140517205411/http://mperspektiva.ru/topics/1955|archivedate=2014-05-17|url-status=dead}}</ref><ref>{{Cite web|url=http://www.commercialrealty.ru/new.php?id=116822|title="СУ-155" отреставрирует Морской собор в Кронштадте|accessdate=2014-05-25|archiveurl=https://web.archive.org/web/20140525213951/http://www.commercialrealty.ru/new.php?id=116822|archivedate=2014-05-25|url-status=dead}}</ref>
In 2014, with the support of SU-155 Group, construction continued on a chapel dedicated to the  church containing the icon of Our Lady “Queen of All Creation” in [[Shcherbinka]],<ref>{{Cite web|url=http://newmos.info/content/news/2787.html|title=Храм в Щербинке будет достроен в текущем году|accessdate=2014-05-25|archiveurl=https://web.archive.org/web/20140520220644/http://newmos.info/content/news/2787.html|archivedate=2014-05-20|url-status=live}}</ref> which had come to a halt after the foundation was laid when funds collected for the project ran out.<ref>{{Cite web|url=http://mperspektiva.ru/topics/1718|title=Храм в Щербинке сдадут ко Дню города. Это будет первая церковь, построенная в рамках "Программы-200" на присоединенных территориях|accessdate=2014-05-25|archiveurl=https://web.archive.org/web/20140520221020/http://mperspektiva.ru/topics/1718|archivedate=2014-05-20|url-status=dead}}</ref>
Apart from the aforementioned churches, in the 2000s SU-155 Group restored a [[Sunday school]] at the Church of Sts. [[Boris and Gleb]] in [[Zyuzino District|Zyuzino]] (Moscow) and the burnt out church of Holy Father [[Sergius of Radonezh]] in [[Verkhnyaya Vereya]] ([[Nizhny Novgorod Oblast|Nizhny Novgorod region]]). It also built the Church of the [[Intercession of the Theotokos]] in [[Yasenevo District|Yasenevo]] (Moscow), and the Church of the Intercession in [[Ivanovo]].<ref name="riarealty.ru.20130424" />
==Criticism and discussions in the mass media==
===Construction delays===
Throughout 2008–2012, individual companies in SU-155 Group were repeatedly criticized for serious delays in delivering houses, for postponing under various pretexts the settling of residents and finalization of ownership rights over apartments, and for the lack of heating, hot water and electricity in already settled homes for many months. Purchasers of SU-155 apartments held multiple meetings and protests in Moscow.<ref>[http://ria.ru/society/20100601/241242971.html Buyers of apartments "SU-155" held a rally against the protracted], "[[RIA Novosti]]", 01.06.2010. (in Russian)</ref>
===Claims by the Moscow authorities===
In May 2011, SU-155 was subject to criticism from the Mayor of Moscow, [[Sergey Sobyanin]].<ref>[http://www.mos.ru/press-center/transcripts/index.php?id_4=18987 Meeting on Operations / Verbatim reports] (in Russian)</ref> According to the Mayor, in 2009, the city purchased 187 thousand sq. m. of residential housing for 10 billion roubles (295 million US$ or 215 million €) from SU-155, but by Spring 2011, these residential buildings had not yet been settled and the deficiencies had not been corrected. The Moscow mayor's office initiated a claim in court, but SU-155 was able to prove to the court that the breakdown of construction timeframes was caused by the mayor's office, which delayed in providing a construction zone.<ref>Khalil Aminov. [http://www.kommersant.ru/doc/1757991 Municipality could not sue the developer of 500 million rubles], [[Kommersant]], 26.08.2011 (in Russian)</ref>
In February 2013, the Department of Economic Policy & Development of the City of Moscow initiated a claim against SU-155 in the Moscow City Arbitration Court, demanding that the company return 3.5 billion roubles (102 million US$ or 75 million €) to the budget.<ref>[http://www.realestate.ru/news/27021/ Municipality requires "SU-155" over 3.5 billion rubles for the failure of social obligations] (in Russian)</ref> In May 2013, the conflict was resolved by peaceful agreement, in accordance with which the Department of Economic Policy & Development of the City of Moscow maintains its contract with SU-155 and renounces its financial demands. In turn, SU-155 will return 256.5 million roubles (7.5 million US$ or 5.5 million €) to the city budget of Moscow, which the company received as an advance, and will also build 7 out of the 8 planned buildings.<ref>Yulia Letova. [http://www.vedomosti.ru/realty/news/12041531/su155_i_meriya_moskvy_bolshe_ne_sporyat_izza_zagsa "SU-155" and the Moscow mayor's office is no longer arguing over the registrar's office], [[Vedomosti]], 15.05.2013. (in Russian)</ref>
===Changes in the planning of already sold structures===
In November 2012, the company was subject to criticism for independently changing the designs of several homes in the Novaya Tryokhgorka community: the size of apartments and the shape of rooms were changed. In June 2013, SU-155 signed an agreement with a residents' public interest group (a social charter), which, among other things, secured a return to the initial plans of the apartments, and also the construction of a children's art school for the community's residents, previously not part of the project.<ref>[http://new-trehgorka.ru/news.htm 18.06.2013 On the Agreement between JSC "SU-155" and initiatives New Trekhgorka]</ref>
==Interesting fact==
In 2009, SU-155 won the rights to the internet domain name su155.net by court action, which previously hosted the website "SU-155: the myths and reality, the website of cheated co-investors in SU-155", created by displeased clients. The domain, registered by the Australian registrar Melbourne IT to a resident of the United Kingdom, was adjudged by a developer in the commercial court attended by the [[World Intellectual Property Organization]] (WIPO).<ref>{{cite web |url=http://pda.cnews.ru/news/index.shtml?top/2009/03/11/340244 |title=SU-155 suing domain su155.net |date=March 11, 2009 |work=CNews |publisher=RBC Holding |accessdate=September 17, 2010 |url-status=dead |archiveurl=https://web.archive.org/web/20110824045128/http://pda.cnews.ru/news/index.shtml?top%2F2009%2F03%2F11%2F340244 |archivedate=August 24, 2011 }} {{in lang|ru}}</ref><ref>{{cite web |url=http://www.wipo.int/amc/en/domains/decisions/html/2008/d2008-1734.html |title=Administrative Panel Decision, Case Number D2008-1734 |author=Assen Alexiev (sole panelist) |date=January 29, 2009 |work=WIPO Arbitration and Mediation Center| publisher=World Intellectual Property Organization |accessdate=September 17, 2010}}</ref>
==See also==
* [[Mikhail Balakin]]
==References==
{{Reflist}}
==External links==
*[http://www.su155.com/ SU-155 website] {{in lang|en}}
*[http://www.su155.ru/ SU-155 website] {{in lang|ru}}
* Ekaterina Gerashchenko. [http://www.kommersant.ru/doc/2454578 «По-моему, цена на жилье и так запредельная» (interview with Mikhail Balakin)] [[Kommersant]], 22.04.2014. (in Russian)
* Ekaterina Gerashchenko. [http://www.su155.com/company_group/press_center/smi/interview-with-balakin/ «I Think Housing Is Overpriced» (interview with Mikhail Balakin)] [[Kommersant]], 22.04.2014. (in English)
{{DEFAULTSORT:Su-155}}
[[Category:Home builders]]
[[Category:Real estate companies of Russia]]
[[Category:Building materials companies of Russia]]
[[Category:Construction and civil engineering companies of Russia]]
[[Category:Manufacturing companies of Russia]]
[[Category:Mechanical engineering companies of Russia]]
[[Category:Privately held companies of Russia]]
[[Category:Companies based in Moscow]]
[[Category:Manufacturing companies established in 1993]]
[[Category:Holding companies established in 1993]]
[[Category:Construction and civil engineering companies established in 1954]]
[[Category:1954 establishments in Russia]]
[[Category:Defunct companies of Russia]]
[[Category:Manufacturing companies disestablished in 2015]]
[[Category:2015 disestablishments in Russia]]
[[Category:Construction and civil engineering companies established in 1993]]
[[Category:Russian companies established in 1993]]