Element Group of Companies and Beshtau Group of Companies Signed a Cooperation Agreement

Nizhny Novgorod. June 3, 2025 — Element Group of Companies, one of the largest developers and manufacturers of electronics, a leader in the field of microelectronics in Russia, and Beshtau Group of Companies, a developer and manufacturer of electronic equipment, have entered into a partnership agreement. The signing took place within the framework of the conference “Digital Industry of Industrial Russia”, which is currently taking place in Nizhny Novgorod.

The agreement underlines the intention of the companies to develop a strategic partnership in the development, operation and modernization of domestic electronic equipment. The document also envisages the use of electronic components manufactured by the enterprises of the Element Group of Companies in the creation of electronic equipment manufactured by the Beshtau company.

President of the Element Group of Companies Ilya Ivantsov:

“This agreement confirms our intention to work together with Beshtau to develop consumer electronics production in Russia based on domestic components. We expect that the result of our partnership will be an expansion of the range of application of Russian electronic components and strengthening of the country’s technological sovereignty for citizens, businesses and the state.”

Founder of the Beshtau Group of Companies Ekaterina Cherenkova:

“We view this agreement as a tool for expanding technological partnership within the country. Joint work with Element Group will allow us to more effectively integrate domestic components into our products, increase production sustainability and accelerate the launch of new developments to the market. This is a step towards deep industry cooperation, which is necessary to achieve the strategic goals of the electronics industry.”

About the Element Group of Companies

The Element Group of Companies is one of the largest developers and manufacturers of electronics, a leader in the field of microelectronics in Russia. The Element Group includes more than 30 companies developing and producing integrated circuits, semiconductor devices, power electronics, modules, cases for microcircuits, and radio-electronic equipment. The products of the Element Group are widely used in various sectors of the economy.

More detailed information about the Element Group can be found on the website: https://gkelement.ru.