RUSNANO Successfully Quitted NIR Company

31 May 2017

RUSNANO has completed the transaction of sale of 49.98% of shares in “New Instrumental Solutions” Closed Joint-Stock Company (NIR, CJSC) to NPO “Saturn”. IRR of the transaction has made more than 26%.

NIR was put into operation in 2010 in Rybinsk, the Yaroslav Region, and became the first plant opened under the auspices of RUSNANO. Solid-cast instrument with multilayer nanostructured coating produced by that company is unique in Russia. NIR products allowed to substitute the imported instrument, which was previously used in the Russian industry for processing of various materials, with innovative domestic product.

The areas of application are hi-tech segments of domestic industry (jet engine building, rocket-and-space industry, instrument-making, etc.). The nanostructured coating, the application of which was developed by scientists of the Researchers at the Kurchatov Institute, increases wear resistance of the tools by 2-2.5 times, and prolongs the periods between regrindings and the speed of cutting by 1.5-2 times.

The production capacity of the enterprise is 13,000 instruments per month. More than 100 workplaces were created within the project. From the moment when RUSNANO joined the project, the profit of NIR increased regularly. In 2016, it made RUR 340 mln, which exceeds the figures of 2015 by 30%.

“In the recent years, NIR became one of the leaders in the sphere that is vital for the country. I am completely satisfied with the project, with the management team of the plant and with our partners from NPO ‘Saturn’ and the United Engine-Building Corporation”, noted the managing director for the investment activity of MC RUSNANO, Andrey Gorkov.

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.