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IEK Group IEC Group of Companies

Company

Electrical and Microelectronics
Russia
Central Federal District of the Russian Federation
Moscow
142791, village Voskresenskoye Street 28 km. Warsaw sh. House, building, office No. 3


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Manufacturer of electrical products for construction, housing and communal services and industrial enterprises.

Content

Assets

+ IEK Group (IEC) Group of Companies

Formed in 1999, the company competes with manufacturers of global brands. Products under the IEK trademark are produced at their own production enterprises in the Tula region, as well as at leading production sites in Europe and Asia. The geography of IEK equipment sales unites more than 20 countries. Branches and representative offices of IEK Group are located in Russia, countries of near and far abroad. The number of employees of the IEK group of companies is about 2000 people.

Trademark ITK

The ITK trademark is a project of the IEK Group of Companies. One of the manufacturers of the Russian electrotechnical market created this project to promote products to provide telecommunications solutions and provide domestic equipment to Russian consumers.

The strategic production base is located in Russia, in the Tula region. The equipment of the production complex produces telecommunication and climate cabinets that comply with European and Russian standards. Part of TM ITK products is produced under a contract at partner factories in Europe and Asia.

All ITK products meet Russian and international standards. Regardless of the place of production, it passes quality control in accordance with all requirements of international standards.

2023

Buying the entire Legrand business in Russia

On October 12, 2023, it became known about the sale of the entire Russian business Legrand. The buyer of these assets was the Russian electrotechnical company IEK Group. Read more here.

Purchase of 2 Legrand plants in Russia

On July 11, 2023, it became known about the sale of Russian Legrand plants to the electrical engineering company IEK. The financial terms of the agreement were not disclosed. Read more here.

2017

The IEK Group of Companies implements a program of large-scale modernization of the production complex in order to double the volume of production. At the end of 2017, the volume of production reached 191.4 million products, which is 13.2% more compared to 2016. In rubles, this figure increased by 16%. In 2017, investments in development amounted to 440 million rubles, while 260 million were allocated for the modernization of the production complex, the money went to update the equipment of the workshops and research center of the Group of Companies, as well as to build office and warehouse complexes.

"The work carried out in 2017 was a logical continuation of the program of technical re-equipment of industrial equipment, infrastructure development and capacity expansion, launched back in 2016," explains Roman Ryndin, director of the IEK METALL-PLAST production complex.

The modernization of the production base to one degree or another affected all sites of the IEK Group of Companies. So, new machines were purchased for almost all workshops in Yasnogorsk. This allowed not only to increase production volumes, but also to expand the range of products.

In addition, the modernization of the production base made it possible to reduce the holding's costs by 4.5%. For example, the PIVATIC automatic penetration line, which replenished the Yasnogorsk site in 2017, saves raw materials in the production of metal cases by 11% and speeds up the process of processing parts. At the same time, the new line is as automated as possible: it almost completely excludes manual labor, thereby ensuring consistently high quality products. Investments in PIVATIC amounted to 60 million rubles.

Also in 2017, the plant managed to increase labor productivity - compared to 2016, production per person increased by 19% and amounted to 3.1 million rubles.