RUSNANO Successfully Quitted DANAFLEX-NANO

15 December 2016

RUSNANO has completed the deal for sale of its share to Danaflex Group. RUSNANO’s investments allowed for launching the most advanced production of packaging materials in Russia using nanotechnologies.

Construction of Danaflex-Nano’s plant began in 2009. Currently, the Company is an absolute leader of the flexible packaging market in Russia. Following the results of 2016, Danaflex-Nano’s revenue should amount to approximately 7 billion roubles.

The Company’s clients include the leading Russian and international manufacturers of food products: Unilever, Nestle, Fritolay, Mondeléz, Maheev, Efko, Makfa, Mirital, Akkond, and many others.

The key advantage of Danaflex-Nano’s products is the possibility of considerable decrease in the amount of preservatives and increase in the shelf life of food products and other products packed using such wrap. This is achieved due to considerable decrease of the package permeability for oxygen and other aggressive environmental factors.

“The Company’s success is a fortunate combination of several factors. I will place special emphasis on the contribution of Tatarstan’s administration and personally Mr Rustam Minnikhanov who has supported our project from its very start. I hope to continue our cooperation with him in other areas. Tatarstan remains a priority region for us both from the point of view of scientific potential and its industrial opportunities. The second component of success is the entrepreneurial talent of the Company’s founder Ayrat Bashirov, who has not only believed in the prospects of new technologies, but accepted the responsibility and risk related to their implementation and bringing them to the market. We expect that after RUSNANO quits the Danaflex project, it will continue demonstrating high growth rates and its commitment to innovations,” Chairman of the Board of Management Company RUSNANO Anatoly Chubais noted.

“We have made a dramatic breakthrough due RUSNANO’s investments. Recalling the time when our partner entered the project, then we had only flexible packaging production business running. When the deal was completed, we have become a high-tech company on the market both in flexible packaging production and film materials in Russia. From 2012 to 2016, we were annually included in the National Rating of Russian quickly growing technology companies ‘Tekhuspekh’ (‘TechUp’), We sincerely thank the administration of Tatarstan and RUSNANO for their support rendered to our Company at all stages of the project. Now we are setting new ambitious targets for further drastic development and export of our products to the global markets,” the president of the Company DANAFLEX Ayrat Bashirov believes.

Additional information

Reference

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 87 factories and R&D Centers opened in 32 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.