Merry Christmas and a Happy New Year!

Merry Christmas and a Happy New Year!

Dear partners and colleagues, dear friends! We wish you a Merry Christmas and a Happy New Year!


It is time to make an assessment of our work. Glorax Group definitely has something to be proud of, so I’m pleased to review the accomplishments made during 2017.


Allow me at the outset to mention the success of Glorax Development, which confirmed the right to be called a forerunner. At the end of the year the company showed a 1500 percent increase in construction output. In terms of dynamics of growth, Glorax Development became the best one in St. Petersburg and entered the rating of the Top-5 developers in the region. The size of the company’s investment portfolio doubled over the period of just 1 year, reaching 2.5 million square meters.


This year, Glorax Development announced two ambitious projects that will set a new vector for the development of St. Petersburg: Golden City, which will be implemented on a 20-hectare site, designed for the total area of more than 450,000 square meters, and Ligovsky City, which will integrate several blocks where all conditions for a comfortable life, work and leisure will be created.


The past year has also been successful for Elektroizolit, a member of the group. The plant focused on the development of partnership programs with the major Russian enterprises and the release of new products for the domestic market. In particular, the manufacturing of material for the printed circuit boards was resumed, and the possibility of using the EVSB-001 and PN-609-21M materials in domestic shipbuilding was approved by the Russian Maritime Register of Shipping. That means expanding the sales market for the enterprise, as well as the opportunity to change the situation in the import substitution market.


In 2017, we placed great emphasis on the development of social projects. Olymp Fitness Center, which is the largest in the Moscow region and is a part of the Glorax Group, has become the venue for a number of competitions and sporting events for young athletes. And in December he received a 30 thousandth customer! Glorax Life Sports Direction summed up its work over the past year: the company’s employees and perspective athletes ran dozens of marathons, took part in swimming competitions and made a number of climbing ascents to the highest peaks.


In 2017, we laid the foundation for the development of information technology as another core business. In 2018, it is planned to launch a number of commercial software products to automate the business processes of the group of companies and our partners.


We are proud of the growth rate of Glorax Group and are confident that the coming year will be a breakthrough for our company. The basis for that was laid by our hard work, ideas and enthusiasm of the team!


I wish you successful implementation of your ideas in the coming year! Let your homes always have warmth, harmony and well-being. Happiness and health to you, dear colleagues and partners!


With best regards,
Andrey Birzhin & the Glorax Group Team