59th RUSNANO Plant Launch
CJSC NikoMag, RUSNANO’s portfolio company, has launched a plant in Volgograd to produce nanostructured magnesium hydroxide (effective flame retardant), high-purity magnesium oxide (used in transformer steel and rubber production), and magnesium chloride used in oil and gas production, construction materials, deicing structures and devices made from different materials.
CJSC NikoMag, RUSNANO’s portfolio company, has launched a plant in Volgograd
This is the 59th RUSNANO project in the nanotechnology industry formation. The products of the plant have a high import replacement potential and are in demand in the global market.
The opening ceremony was attended by Andrey Bocharov, Governor of Volgograd Region, Herman Gref, Chairman of the Executive Board of Sberbank of Russia, Anatoly Chubais, Chairman of the Executive Board of RUSNANO, and Eldor Azizov, CEO of LLC NIKOCHEM.
CJSC NikoMag, being a part of NIKOCHEM Group, is a joint project of Kaustik, RUSNANO and Sberbank of Russia. The project budget is 3.8 billion rubles, with RUSNANO’s share amounting to 1.3 billion.
Formal launch of production line
Left to right: Vladimir Potapkin, Head of Chemical Engineering and Forestry Complex Department of
the Ministry of Industry and Trade of Russia, Herman Gref, Chairman of the Executive Board of Sberbank
of Russia, Eldor Azizov, CEO of LLC NIKOCHEM, Anatoly Chubais, Chairman of the Executive Board
of RUSNANO, Vladimir Pligin, State Duma Deputy
By the time the plant reaches it design capacity, the output of magnesium hydroxide will amount to 25 thousand tons per year, and the output of magnesium oxide will be 30 thousand tons per year.
Nanostructured high-purity magnesium hydroxide is widely used as a filler and flame retardant (a substance reducing the flammability of materials) in cable plastic compound and non-flammable polymer composite material production. When introduced into the structure of polymer compounds, it ensures their enhanced properties, higher fire resistance and environmental safety as compared to existing analogs.
Left to right: Andrey Bocharov, Governor of Volgograd Region, Eldor Azizov, CEO of NIKOCHEM LLC,
Anatoly Chubais, Chairman of the Executive Board of RUSNANO, Herman Gref, Chairman of the Executive
Board of Sberbank of Russia
High-purity magnesium oxide, the company’s second core product, is used in transformer steel and rubber production, in leather currying and drilling muds. NikoMag’s magnesium oxide is significantly superior to competitor products in terms of purity and ignition loss.
Russia has not had any large-scale production of high quality magnesium oxide before. At the same time, the global consumption of transformer steel has been on the rise year over year, and NLMK, its largest manufacturer, is located in Russia. The commissioning of NikoMag plant will make it possible to meet the demand not only of the manufacturers in that industry, but also that of rubber manufacturers.
Products of CJSC NikoMag, RUSNANO’s portfolio company
RUSNANO Joint-Stock Company was founded in March 2011 through reorganization of state corporation Russian Corporation of Nanotechnologies. JSC RUSNANO contributes to implementation of the state policy on the development of the nanotechnology industry by investing directly and through investment funds of nanotechnology in financially effective high-technology projects providing the development of new production facilities in the Russian Federation. Its primary investment focus is in electronics, optoelectronics and telecommunications, healthcare and biotechnology, metallurgy and metalwork, energy, mechanical engineering and instrument making, construction and industrial materials, chemicals and petrochemicals. 100 percent of RUSNANO’s shares are state owned. Thanks to RUSNANO’s investments, there are currently 95 factories and R&D Centers opened in 37 regions in Russia.
Management of assets of RUSNANO JSC is carried out by Limited Liability Company established in December 2013, RUSNANO Management Company. Anatoly Chubais is the Chairman of its Executive Board.
Work to establish nanotechnology infrastructure and carry out educational programs is fulfilled by RUSNANO’s Fund for Infrastructure and Educational Programs, which was also established during the reorganization of the Russian Corporation of Nanotechnologies.