Japan?s Sumitomo buys into Urals-based Russian Quartz

Japan?s Sumitomo buys into Urals-based Russian QuartzJapan?s Sumitomo Corporation has acquired a 32.26% stake in Russian Quartz, a Chelyabinsk regional company in the Urals that produces raw material for microelectronics and solar energy

Japan?s Sumitomo Corporation has acquired a 32.26% stake in Russian Quartz, a Chelyabinsk regional company in the Urals that produces raw material for microelectronics and solar energy. Rusnano announced. Russian Quartz is a portfolio company of Russia?s nanotech giant. According to Alisher Kalanov, one of Rusnano?s managing directors, ?Sumitomo joining the project will enable Russian Quartz to become one of the key players in the global market.? The deal?s value has yet to be specified; it is known, however, that Rusnano currently owns exactly the same amount of Russian Quartz shares as the Japanese company. Quartz concentrates that the Ural company produces are used as a base raw material to obtain high-purity quartz glass, which is in high demand across sectors, including microelectronics, power and UV lighting engineering, special-purpose optics, quartz ceramics, and other areas...





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