BASF and RUSNANO to Start Working Together on the Manufacture of Waterborne Polymer Dispersions
BASF, RUSNANO and Akrilan LLC have signed a Memorandum of Understanding. This document reflects the main principles for cooperation to replace imports and localise the production of BASF’s waterborne polymer dispersions in Russia, using the facilities of Akrilan LLC, a RUSNANO portfolio company. The polymer dispersions produced in Russia will be used in the production of architectural paints and varnishes, building materials and nonwoven materials. In the future polymer dispersions may also be distributed to other CIS countries.
From left to right: General Director of Acrylan LLC Oleg Kuzin, RUSNANO’s Senior Managing Director for Investment Activities Sergey Vakhterov, Head of BASF Russia and CIS Christoph Roehrig
“The Russian polymer dispersions market is of strategic importance to BASF. As a global leader in the field of innovative solutions in chemical production we would like to continue to develop our sales of polymer dispersions in Russia and strengthen relations with local clients and partners,” said Christoph Roehrig, head of BASF Russia and CIS.
“The start of a potential partnership with BASF is an important event for us. The fact that the global leader in the chemical production market is interested in our production processes not only imposes certain obligations on us, it also opens up new possibilities for scaling up and developing our business in the future. In view of the fact that last year Akrilan became the largest company in the Russian acrylic and styrene-acrylic dispersion market, this new partnership will allow our company to strengthen its leading position on the Russian market,” commented Sergey Vakhterov, RUSNANO’s Senior Managing Director for Investment Activities.
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.
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AKRILAN LLC is the largest manufacturer of waterborne polymer dispersions in Russia, with a market share of 22%. It started production in Vladimir, in 2009. In 2012, JSC RUSNANO and Akrilan LLC joined forces, which allowed the company’s manufacturing capacity to increase and its product range to expand. The company offers a wide range of paint and varnish products, and nonwoven and adhesive material products. The company’s clients include the largest Russian and global manufacturers of paint and varnish products, such as Tikkurila и Henkel.
For more information about the company please visit www.dispersions.ru
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BASF develops chemical products, with a view to ensuring a sustainable future. In our work we combine financial success with a responsible attitude to the natural environment and to social issues. The employees of the BASF group, in all some 122,000 people, contribute to the successful development of our clients’ businesses in a wide range of industries and in almost every country in the world. Our business structure includes six main segments: chemicals, materials, industrial solutions, surface technologies, nutrition and care, and agricultural solutions. In 2018 BASF’s total sales amounted to 63 billion euros. BASF shares are traded on the Frankfurt Stock Exchange and are also traded in the USA, as American Depositary Receipts (BASFA).
For more information about BASF, visit: www.basf.com