OREANDA-NEWS. August 19, 2015. The Board of Directors of RUSNANO approved new parameters for the termination of the project for the “Organization of Competitive High technology Domestic Production of Modified Layered Nanosilicates, Masterbatches (Precursors of Nanocomposites), and New Generation Polymer Nanocomposites”. RUSNANO’s share (49%) in the project company Metaclay will be sold to the strategic investor, i.e. Gazprom StroyTEK Salavat for RUB 800M. IRR of the transaction will amount to 13 percent.

Metaclays’ key products are anti-corrosion coating based on polymer composites for the protection of high diameter pipes used for oil and gas pipelines. Coating extends lifetime of the pipes up to 60 to 80 years, increases their resistance and reliability under extreme temperatures (from minus 60оС to plus 80оС), reduces gas permeability, and prevents from the destruction of the pipes material affected by the sun rays. Due to the technological advantages and low cost of products, Metaclay, upon RUSNANO’s support, terminated foreign players’ monopoly as well as stole their leadership to a significant extent. It is planned that Metaclay occupies 50 percent of the Russian market in this prospective segment at 2015 year-end.

In 2014, Metaclay shipped 20 ths tons of the products, the company revenues reached RUB 2.2 bln.

RUSNANO Increases Investment in Nanoindustry

Modified short-term financial plan of RUSNANO OJSC for 2015 was approved in the meeting, according to which the company invests RUB 27.4 bln in the construction of the nanoindustry, which is 19 percent more compared to the figures announced before. Financing of the projects assumes both direct investment and via nanotechnology investment foundations.

In view of increased value of assets under management in the amount of RUB 191.9 bln according to the company 2014 IFRS statements, the fee amount planned for the payment to RUSNANO MC LLC will amount to RUB 4.4 bln.

The Board of Directors also approved the report of RUSNANO MC LLC with respect to the investment portfolio of RUSNANO OJSC and the utilization of budget of RUSNANO OJSC for the 2Q 2015.

RUSNANO and SMP Bank Combine Their Efforts in Import Substitution and Export Potential Development

The Board of Directors provisionally approved RUSNANO’s participation in the RUSNANO Foundation I investment project together with SMP Bank.

The foundation is aimed at becoming one of the additional investment tools for the development of domestic nanoindustry, import substitution procedures, support to development processes important for the country and transfer of new technologies, creation of innovative products.

The target amount of the foundation assets will amount to RUB 30 bln.  The total initial contribution of the partners was estimated in the amount of RUB 12 bln, which will be made by RUSNANO OJSC and SMP Bank JSC in equal installments per RUB 5,940 mln, plus RUB 120 mln from a newly established management company. It is planned that the rest of RUB 18 bln is to be raised by Russian and foreign third party investors in the period from 2015 to 2018. 

The foundation will be established within the territory of the Russian Federation under a Limited Partnership Agreement. 

The priority areas of the works include among others: investment in technology-focused companies engaged in the expansion of the production in the field of import substitution and Russian export potential development.

Engagement of Small and Medium Enterprises in the Procurement

The Board of Directors approved the plan of actions for the expansion of small and medium enterprises access to RUSNANO’s procurement aimed at the implementation of the road map for the “Expansion of small and medium enterprises access to the procurements carried out by infrastructural monopolies and companies with public ownership” as approved by the Executive Order of the Government of the Russian Federation.

Appointments to Committees at the Board of Directors

The Board of Directors appointed the following members of the Human Resources and Remuneration Committee at the Board of Directors of RUSNANO OJSC:

  • Alexander Torshin (Chairman), State Secretary, Deputy Chairman of the Bank of Russia
  • Dmitry Pristanskov, Federal and Regional Program Director of NORILSK NICKEL MMC OJSC
  • Vladimir Repyev, Managing Director for HR and Administration of RUSNANO MC LLC.

The Board of Directors appointed the following members of the Strategy Committee at the Board of Directors of RUSNANO OJSC:

  • Pavel Teplukhin (Chairman), Chief Executive Officer of Deutsche Bank Group in Russia
  • Oleg Fyodorov, Advisor to Head of the Federal Agency for State Property Management
  • Oleg Kiselev, Deputy Executive Chairman and Board member of RUSNANO MC LLC
  • Mikhail Kopeikin, First Deputy Head of the Office of the State Duma of the Federal Assembly of the Russian Federation
  • Roman Kosyachkov, Deputy Chairman of the Executive Board, Deputy CEO, Managing Director of Russian Venture Company OJSC
  • Maxim Mayorets, Member of the Executive Board, Director for Mergers and Acquisitions of Renova Group
  • Lev Nikolau, Chairman of the Board of Directors of Atrinity Group
  • Mikhail Pogosyan, Member of the Board of Directors of the United Aircraft Corporation OJSC
  • Vladislav Putilin, Chairman of the Board of Directors of RUSNANO MC LLC
  • Sergey Skvortsov, Managing Director for Investment Projects of Russian Technologies Corporation.

The Board of Directors appointed the following members of the Audit Committee at the Board of Directors of RUSNANO OJSC:

  • Ilya Yuzhanov (Chairman), Chairman of the Board of Directors of Polyus Gold International Limited
  • Ruslan Stukalov, Financial Director of Stroytransgaz OJSC
  • Valentin Zubov, Managing Director for Internal Audit, Risk Control and Management of RUSNANO MC LLC.

The Board of Directors appointed the following members of the Scientific and Technical Council at the Board of Directors of RUSNANO OJSC:

  • Mikhail Alfimov (Chairman), Chief Scientific Officer of the Center for Photochemistry of the Russian Academy of Sciences (RAS)
  • Sergey Aldoshin, Vice President of RAS, Director of the Institute of Problems of Chemical Physics of RAS
  • Ivan Belyaev, Advisor to the Office of the Security Council of the Russian Federation
  • Vladimir Betelin, Director of the Research Institute for Systems Analysis of RAS
  • Alexander Gintsburg, Director of the Gamaleya Scientific Research Institute for Epidemiology and Microbiology (Russian Academy of Medical Sciences) subordinated to the Ministry of Health of the Russian Federation
  • Mikhail Filonov, Vice-Rector for Science and Innovation, Moscow Institute of Steel and Alloys (National Research and Technology University)
  • Vladimir Fortov, Director of the United Institute for High-Temperature Technologies (RAS)
  • Evgeny Kablov, Chief Executive Officer of the National Research Institute for Aviation Materials at the State Scientific Center of the Russian Federation
  • Yury Koptev, Chairman of the Scientific and Technical Council of Russian Technologies Corporation
  • Nikolay Kudryavtsev, Rector of the Moscow Institute of Physics and Technology, Corresponding RAS Member
  • Moisey Lokshin, Deputy Chief Executive Officer for Science of Sukhoi Design Bureau OJSC
  • Vladimir Novotortsev, Director of the Kurnakov Institute of General and Inorganic Chemistry (RAS)
  • Alexander Orlikovsky, Director of the Physics and Technology Institute (RAS)
  • Vladimir Pivnyuk, Member of the Science and Technology Council of the Board of Directors of RUSNANO OJSC
  • Alexander Putilov, Dean of the Faculty of High Technologies Management and Economics at the National Research Nuclear University (Moscow Engineering and Physics Institute, MEPhI)
  • Konstantin Severinov, Head of Laboratories at the Institute of Molecular Genetics (RAS)
  • Vladimir Shevchenko, Director of the Grebenshchikov Institute of Silicate Chemistry (RAS)
  • Konstantin Skryabin, Director of the Bioengineering Center (RAS)
  • Andrey Vasiliev, Director of the Scientific Project Department of the Ministry of Health of the Russian Federation.