ICT Group of Companies

ICT Group of Companies is one of the largest Russian private investment and industrial holding companies involved in “industrial development” within the Russian economy. Since its inception, ICT Group has built over ten large industrial facilities including mines, dressing plants, metallurgic and engineering plants.

ICT Group’s projects are examples of efficient solutions for industrial facilities to implement modern innovations, advanced production technologies, international management and corporate administration standards, and the transfer of western technologies to Russian soil.

ICT Group is one of the Russian companies which are professionally and systematically engaged in engineering.

Having worked its way from business idea to large projects implementation several times, ICT Group faced a shortage of engineering talent in its own workforce to deal with design and building issues and to create its own efficient engineering teams. In developing its own engineering competencies, engineering functions were separated into an independent specialist company. ICT Group is the largest shareholder of Baran Group, the largest Israeli engineering firm implementing projects worldwide with a staff of approximately 1,500 engineers. In Russia, a joint venture has been established ICM engineering company, which acted as the system integrator for building Tikhvin Freight Car Plant CJSC .