Export Now at 26% in the RUSNANO Portfolio Companies Revenue
The nanotechnologies export revenue of JSC RUSNANO increased by a factor of more than 30, from RUB 2.3 bln in 2012 to RUB 70.6 bln in 2017 (RUB 207 bln in accumulated funds by the end of 2017).
The high-tech industry export topic was discussed at the new industry investment strategic council headed by the Minister of Industry and Trade of the Russian Federation Denis Manturov with the participation of the RUSNANO Management Company LLC Executive Chairman Anatoly Chubais. The event was held at the International Industrial Trade Fair INNOPROM-2018 platform.
The Photo: The Ministry of Industry and Trade of the Russian Federation
The Minister of Industry and Trade told us about the work on preparing the national export development project. “The Russian Export Centre (REC) is the basic organisation in charge of coordinating all these activities. A one-stop-shop of export volume development support has been established in our country,” the Minister emphasised.
In 2016, the REC, RUSNANO and the Fund for Infrastructure and Educational Programs (FIEP) signed a cooperation agreement, under the auspices of which over 20 portfolio companies of RUSNANO Management Company LLC contacted the REC. The most in-demand services of the REC have been export financial backing (crediting and insurance), certification and exhibition activities.
The RUSNANO portfolio companies have been gradually increasing the export share in their nanotechnology supply volume. Thus, in 2016, it amounted to 18.2% of the supply volume, or RUB 53.7 bln; in 2017, it was 24.6%, or RUB 70.6 bln; and over the Q1 2018 it was 26.0%.
The most in-demand products on foreign markets include those of such portfolio companies as Monocrystal (the world artificial sapphire market leader), Russian Quartz (formerly known as Kyshtym Mining; provides high-purity crystal quartz for microelectronics and solar energy), Hevel (solar cell modules), JSC Novomet-Perm (electrical submersible pumps (ESP) for oil production), OCSiAl (single wall carbon nanotubes (SWCNTs)), OptoSense (infrared optic sensors for gas analysers).
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 103 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.