OREANDA-NEWS. January 15, 2008. FESCO Transport Group scored second in the list of top 75 fastest-growing companies in Russia according to the "First Rating", published by "Kommersant" on January 14, 2008, the press service of the company reported. In 8 years FESCO market capitalization grew more than 340 times. The rating assigns positions to companies by the pace of market value growth. According to the rating, FESCO grew by 34,230%, increasing its value from US$ 4.931 million in 1999 to US$ 1.693 billion as of June 29, 2007.

The market capitalization achieved by mid-2007 also allowed FESCO to rocket up the list of top 300 largest Russian companies. For the first time in its history, the company made it to the top hundred, in just one year jumping to 75th position from 117th in 2006.

According to FESCO Transport Group President Evgeny Ambrosov, such a spectacular growth is yet another confirmation that the adopted Group development strategy yields its results. According to the Russian Trading System (RTS) Exchange, the market capitalization of FESCO (FESH/FESHG) as of January 11, 2008 is equal to US$ 2,597 billion.