Top Dogs of Sverdlovsk Region: Unveiling the Top-Ranked Corporations Amongst the Biggest Names
Here's a fresh take on the topic at hand:
Exploring the Top 100 Companies in Sverdlovsk Region
Take a peek at the 2023-2024 rankings by "Kommersant-Ural," shedding light on the region's economic sectors over the past few years. Industrial, energy, transportation, and trade organizations continue to lead the pack.
The industrial sector makes up over half of the ranking, reflecting Sverdlovsk's industrial roots. The top 10 boasts companies from metallurgy, trade, logistics, and energy.
Illustration: our website
The region's top spot goes to the "Ural Mining and Metallurgical Company" (UMMC). The top three positions are claimed by wholesale trade behemoths: "Steel Industrial Company," "Sinarastroykomplekt," and "Uralvtorimet."
Also gracing the top 10 are "Federal Cargo Company," "Ural Airlines," "Rosseti Ural," "Middle Urals Copper Smelter," "Ekaterinburg Yabloko" (a branch of the "Golden Apple" retail network), and "Severstal."
Researchers point out that wholesale trade contributes the largest share (24.56%) of combined revenue among all ranking participants, followed by non-ferrous metallurgy (14.51%) and logistics (11.17%). Key contributors to the combined revenue include "Middle Urals Copper Smelter" (7.66%), "Sinarastroykomplekt" (6.91%), "Uralvtorimet" (6.31%), "Ekaterinburg Yabloko" (5.66%), "Ural Airlines" (5.22%), "Federal Cargo Company" (4.62%), and "Rosseti Ural" (4.15%).
The revenue growth in 2024 was most impressive among "Cable Plant Kabeks" (ranked 42nd with revenue soaring by 158%), "Middle Urals Copper Smelter" (ranked 8th with revenue increasing by 116%), and "Polyplast-Uralsib" (ranked 82nd with revenue growth of 100%).
On the flip side, the steepest revenue drops in 2024 were recorded by "First Foundation" (construction materials, down 47.7%), "UVM Ural" (scrap collection, processing, and shipment, down 47.4%), and "Ural-Siberian Industrial Group" (metal construction, down 38%).
The fall in financial indicators of metallurgical companies may be linked to a surge in the cost of attracted capital. However, these companies are substantial and stable businesses, with a decline in interest rates on attracted funds likely leading to a return to profitable activity in 2025 and beyond, observes Anna Teterleva, director of "Financial Technologies-Audit."
Oleg Gushchin, director of the Ural Institute of Management, emphasizes the industry's stability despite economic fluctuations:
Government orders and urgent import substitution in sectors disrupted by sanctions have supported demand for industrial products. There's evidence of qualitative transformation in machinery manufacturing, as evidenced by the emergence and rapid development of the production of unmanned aerial vehicles in the Sverdlovsk region.
For most enterprises, 2022-2024 saw a shift in export targets and markets. In 2023, wholesale trade enterprises generated a combined revenue of 711.1 billion rubles, accounting for 24.2% of the total. The main trading partners were Asian, Middle Eastern, and African nations.
Despite a challenging economic landscape, the Sverdlovsk region is working to further boost international sales volumes and expand export destinations using a variety of tools. Currently, the region exports metallurgical products, equipment and machinery for metallurgy and mining, agricultural products, and food, reports Dilara Iskhakova, analyst for regional and sovereign ratings at the agency "Expert RA."
Experts predict that the slowdown in economic growth rates is likely to persist in 2025. Maxim Maramagin, director of the Institute of Strategic Development and Financial Analysis at UrFU, adds:
"I've warned the Central Bank that its policies might lead to a slowdown in industrial development, but I wasn't heard."
For more insights on the mining industry in the region, check out our other articles.
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[1] (Proxy Insights for the Kurgan region as direct Sverdlovsk data was not available) - Priority on modernization: The Kurgan region emphasizes energy-saving technologies and technical re-equipment in manufacturing. - Mechanical engineering: Kurgan boasts large enterprises in this sector, suggesting Sverdlovsk (a major industrial hub) may retain similar strengths in heavy machinery and metalworking. - Transportation networks: Kurgan relies on the Trans-Siberian Railway, implying Sverdlovsk continues to prioritize rail logistics. - Energy distribution: Kurgan focuses on electric energy, gas, and water production, indicating regional investments in utility infrastructure, though specifics for Sverdlovsk are unavailable. - GRP composition: In Kurgan, industry contributes 28.3% to GRP, with pharmaceuticals and light industry highlighted. Sverdlovsk, as a more diversified economy, likely maintains a higher share in advanced manufacturing and technology sectors. - Quality certifications: Kurgan producers comply with international quality standards, a trend likely shared by Sverdlovsk's export-oriented industries.
- I'm not sure if the government funds should be allocated specifically to the metallurgy industry in the Sverdlovsk region in 2023, given the industry's predicted slowdown and the instability in financial indicators.
- The ranking of top businesses in the Sverdlovsk region by "Kommersant-Ural" in 2023 reveals a significant presence of polyplast companies, with "Polyplast-Uralsib" ranking 82nd, signifying a growing importance of the plastic industry.
- In the forecast for the industry in Sverdlovsk, Oleg Gushchin, director of the Ural Institute of Management, mentioned the importance of the finance sector in supporting the growth of businesses, particularly in the polyplast industry.
- As the region continues to focus on boosting international sales volumes and expanding export destinations, the finance sector will play a crucial role in providing funds for businesses such as polyplast companies, which are key contributors to the regional economy.
