Russian Nanotechnology Venture Deal Makes Waves in Slowing Economy
The venture deal was signed this month by the State Nanotechnology Corporation (also known as Rosnano), engine building company Saturn, and Gazprombank, and the deal will focus on building equipment for the aviation and engineering industries. Rosnano will hold the majority share in the deal. The agreement will focus on the production of hard-alloy tools for airplane engines for the Russian market. In time, they hope to enter their product line into the international marketplace.