Conclusion

So why Russian construction companies almost do not internationalize?

The first reason is lack of proper experience of Russian construction firms: many of big construction companies were organized from former USSR construction companies and they simply do not have a habit to export much and even do not have much extensive business connections with companies abroad - nowadays most of analyzed companies use fully vertical-integrated system of doing business with small amount of purchasing abroad. They also do not get used to build manufacturing facilities abroad.²⁵

The second reason is that Russian construction market has big potential to future growth and it is much more important for big construction companies to retain and enlarge their market share within Russia (for some of them only one region is of core importance, for example for LenSpetsSMU). Foreign companies which are coming to Russian market expose some threats to Russian construction companies due to their high quality and distinct business processes with good offerings.²⁶ So, the core target for Russian companies is to retain leadership in their regional and national market segments.

Developing process of urbanization and increasing level of country income make regional centers (such as, for example Yekaterinburg, Khabarovsk, Kazan and others) attractive for housing, commercial and industrial construction. So, that is less risky and much easier for construction companies to use Russian market potential than to internationalize in these times.

1 http://www.eurocement.ru/cntnt/eng10/our_compan2.html

2 http://top.rbc.ru/economics/24/03/2010/383743.shtml

3 http://www.eurocement.ru/engine/documents/document251.pdf

4 http://building.ua/Evrocement-grup-Ukraina-v-2008g-uvelichila-chistyy-dohod-na-526-

5 http://www.lsrgroup.ru/en/about-us/lsr-group-today

6http://www.interfax.ru/realty/realtyinf.asp?id=6513&sec=1461&sw=%EF%E5%F2%E5%F0%E1%F3%F0%E3&b d=23&bm=3&by=2008&ed=23&em=4&ey=2008&secid=0&p=3

7 http://www-gt-mrr05.rbc.ru/rbcfreenews/20081016085543.shtml

8 http://www.tarkett.com/en/content/company-profile

9 http://www.glavstroy.ru/about/history/

10 http://www.su155.ru/ru/about/about_su155/

11 http://www.forbes.com/lists/2010/10/billionaires-2010_Mikhail-Balakin_3SA6.html

12 http://www.su155.ru/ru/eng/history_eng/

13 http://su-2.su/

14 http://su-2.su/

15 http://www.mospromstroy.com/

16 http://www.kavkaz-uzel.ru/articles/187822/

17 ЕАБР предоставит $44 млн "дочке" "Моспромстроя" на отель Marriott в Астане/ http://www.realty.rian.ru/

18 "ЛенспецСМУ" выходит за пределы России/ http://develop.com.ua/

19 Холдинг "Эталон-ЛенСпецСму" не планирует в настоящее время реализовать проекты за рубежом./ http://top.Rbc.Ru/

20 ЛенСпецСму начинает строить в Болгарии/ http://www.Reline.Ru

21 Холдинг "Эталон-ЛенСпецСМУ" не планирует в настоящее время реализовать проекты за рубежом./ http://top.rbc.ru/

22 http://www.pso-kazan.ru/

23 http://slav-dsk.ru/

24 http://baltrosgroup.ru/

25 A.Panibratov Russian multinationals: from regional supremacy to global lead/ Routledge contemporary Russia and Eastern Europe Series, 2012

26 A.Panibratov Russian multinationals: from regional supremacy to global lead/ Routledge contemporary Russia and Eastern Europe Series, 2012