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Russia
RUSNANO to Establish Production of Energy-Efficient GlassRUSNANO, the NSG Group, which operates in Russia under the Pilkington name, the EBRD and the Russian STiS Group have signed an agreement to establish a new venture incorporating the production of high-quality glass with special coating.
Total investment in the project will approximately amount RUB 11,8 billion. RUSNANO and the European Bank of Reconstruction and Development will invest in common stock RUB 2,8 billion and RUB 1,4 billion respectively. Under the terms of the agreement the rest of the money coming from other types of financing including loans and preference shares, RUB 3,2 billion of which will be committed by RUSNANO. One of the main products of the new enterprise will be energy-efficient glass, which gets its unique properties from a special multi-layer coating. Each layer has a thickness between 5 and 500 nm. A new production line will be built next to the existing Pilkington plant in Russia located in Ramenskoe in the vicinity of Moscow. The new glass production plant will produce 240000 t of premium quality glass per annum. RUSNANO was founded in March 2011 as an open joint stock company through reorganization of state corporation Russian Corporation of Nanotechnologies. The Government of the Russian Federation owns 100 % of the shares in RUSNANO. Anatoly Chubais is CEO and chairman of the Executive Board of RUSNANO (Source: RUSNANO, 1/2012). |
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