RUSNANO and China Aerospace Science and Industry Corporation Signed a Strategic Cooperation Agreement
As a part of business trip to China on December, 17 RUSNANO and China Aerospace Science and Industry Corporation (CASIC) signed a strategic cooperation agreement in order to support development, production, export / import of high-technology industrial products, and expansion of bilateral investment cooperation. The document was signed by Boris Podolsky, Deputy Chairman of the Executive Board of RUSNANO, and Cao Jianguo, General Director of CASIC.
RUSNANO and CASIC took a decision to integrate their opportunities for the purposes of high-technological projects implementation, as well as technical, commercial, and investment cooperation. Within the agreement contracts may be entered into both between RUSNANO and CASIC, and their subordinate undertakings, organizations, and portfolio companies.
The following key focus areas are determined:
- Nanostructured ceramics
- Composite materials
- Plasma surface modification.
A possibility of establishing RUSNANO and CASIC investment fund is stipulated by the agreement in order to implement joint projects. After internal corporate procedures a further work plan, parameters, and legal structure of the fund will be determined.
The Parties also agreed upon application of strategic agreements with regard to the largest national companies and corporations, regions and provinces, as well as with other partners in order to develop joint business. Public and private investors, as well as institutes of development may be involved in cooperation.
The agreement is also aimed at expansion of relations with large national corporations, industrial groups, and institutes of development.
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 115 factories and R&D Centers opened in 37 regions in Russia. JSC RUSNANO has profit for the last 5 years.
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.