Rusnano exits superstrong nanosprings project in mid-Volga

Rusnano exits superstrong nanosprings project in mid-VolgaRusnano, Russia?s nanotech giant, has exited its successful superstrong springs project in Udmurtia, in the mid-Volga area, by selling its 34% to IST, a Russian multi-sector group

Rusnano has exited its successful superstrong springs project in Udmurtia, in the mid-Volga area, called NPTs Pruzhina. Russia?s nanotech giant has sold its 34% stake to IST, a Russian multi-sector group, Russian news agency Interfax reported. IST has thereby increased its shareholding in the Udmurtia company to a reported 69%. NPTs Pruzhina was one of Rusnano?s first portfolio companies set up to develop production of superstrong nanostructured springs ?with enhanced strength, durability, and geometry accuracy.? The company aims to supply railroad transport, the energy sector, mechanical engineering (including car making, agricultural machinery production and elevator building), and some others. The effort has received a reported total of about $34m in investment. IST Group controls assets in a range of sectors, including finance, production of precious metals, mechanical engineering for transport purposes, industrial engineering, and commercial and industrial real estate development, worth a total of about $8bn...





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