Midland Group
Encyclopedia
Guernsey
Guernsey, officially the Bailiwick of Guernsey is a British Crown dependency in the English Channel off the coast of Normandy.The Bailiwick, as a governing entity, embraces not only all 10 parishes on the Island of Guernsey, but also the islands of Herm, Jethou, Burhou, and Lihou and their islet...
under the name Midland Resources Holding Ltd, the group owns a number of subsidiaries across the agriculture
Agriculture
Agriculture is the cultivation of animals, plants, fungi and other life forms for food, fiber, and other products used to sustain life. Agriculture was the key implement in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that nurtured the...
, manufacturing
Manufacturing
Manufacturing is the use of machines, tools and labor to produce goods for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale...
, real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
, shipping
Shipping
Shipping has multiple meanings. It can be a physical process of transporting commodities and merchandise goods and cargo, by land, air, and sea. It also can describe the movement of objects by ship.Land or "ground" shipping can be by train or by truck...
and steel
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...
industries.
Primarily active in the Commonwealth of Independent States
Commonwealth of Independent States
The Commonwealth of Independent States is a regional organization whose participating countries are former Soviet Republics, formed during the breakup of the Soviet Union....
as well as Eastern Europe
Eastern Europe
Eastern Europe is the eastern part of Europe. The term has widely disparate geopolitical, geographical, cultural and socioeconomic readings, which makes it highly context-dependent and even volatile, and there are "almost as many definitions of Eastern Europe as there are scholars of the region"...
and the Far East
Far East
The Far East is an English term mostly describing East Asia and Southeast Asia, with South Asia sometimes also included for economic and cultural reasons.The term came into use in European geopolitical discourse in the 19th century,...
, the Midland group of companies has a presence in 34 countries worldwide.
The group's co-founders are billionaires Alexander Shnaider
Alex Shnaider
Alex Shnaider is a Russian-born Canadian entrepreneur and former commodities trader. He is co-founder with Eduard Shifrin of the Midland Group. He was educated at York University in Toronto....
(chairman), a Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
n-born, Canadian-national
Naturalization
Naturalization is the acquisition of citizenship and nationality by somebody who was not a citizen of that country at the time of birth....
, and Ukrainian-born Eduard Shifrin
Eduard Shifrin
Eduard Shifrin is an entrepreneur, born in Dnipropetrovsk in the Soviet Union and now resident in London. He is of Jewish ancestry....
.
Formula One
In October 2004, the Midland Group announced their intention to enter Formula OneFormula One
Formula One, also known as Formula 1 or F1 and referred to officially as the FIA Formula One World Championship, is the highest class of single seater auto racing sanctioned by the Fédération Internationale de l'Automobile . The "formula" designation in the name refers to a set of rules with which...
motor racing in 2006. They planned to use a car built by the Italian manufacturer Dallara. In January 2005 they changed plans by the purchase of the Jordan Grand Prix
Jordan Grand Prix
Jordan Grand Prix was a Formula One constructor that competed from 1991 to 2005. The team is named after Irish businessman and founder Eddie Jordan...
team. They kept the yellow-liveried EJ15 cars bought from Jordan and declared 2005 as a learning year. Under the name Midland F1 Racing
Midland F1 Racing
Midland F1 Racing was a Formula One constructor and racing team. It competed in the 2006 Formula One season with drivers Christijan Albers and Tiago Monteiro. The team was created by the renaming of Jordan Grand Prix after its purchase by Canadian businessman, and owner of the Midland Group, Alex...
, the team made its debut with a brand-new car and livery at the start of the 2006 Formula One season
2006 Formula One season
The 2006 Formula One season was the 57th season of FIA Formula One motor racing. It featured the 2006 FIA Formula One World Championship which began on March 12 and ended on October 22 after eighteen races. The Drivers' Championship was won by Fernando Alonso of Renault F1 for the second year in a...
. With this team, Shnaider declared his intention to bring the first Russian driver into the sport. http://www.midland.gg/index.php?page=default/news&news=19 Later on 9 September 2006, the team was sold to the Spyker Cars
Spyker Cars
Spyker Cars is a Dutch sports car marque. The modern Spyker Cars only has the legal right to the brand name. The company's motto is "Nulla tenaci invia est via", which is Latin for "For the tenacious, no road is impassable". The marque's logo displays the piston engine of an airplane, a reference...
for $106.6 million.http://www.grandprix.com/ns/ns17434.html
External links
- The Midland Group website
- Profile of Alex Shnaider
- Midlandia Photo of Midlandia megayacht at the Monaco GP