Thursday, December 29, 2011

UC RUSAL Approves Nanocoatings From RUSNANO’s Project Company Itn Nanovation AG

UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, MICEX: RUALR, RTS: RUALR), the world’s largest aluminium producer, and RUSNANO announce that RUSAL’s IRKAZ, an aluminium smelter based in Irkutsk, and specialists from RUSAL’s Engineering and Technology Center, have successfully tested Nanocomp Metcast, nanocoatings developed by RUSNANO’s project company ItN Nanovation AG (Germany).

Nanocomp Metcast are innovative nanocoatings tailored to casting machinery. They extend the service life of molds and lengthen the intervals for maintenance of casting conveyors. As a result, the casting process becomes more efficient at a lower cost.

Presently specialists from ItN Nanovation AG and RUSAL are studying large-scale introduction of Nanocomp Metcast at RUSAL’s aluminium smelters. RUSAL would become the first Russian company to use innovative coatings from ItN Nanovation AG, joining a noteworthy list of global metallurgy companies like Nordural (Iceland), Qatalum (Qatar), Hydro (Norway), Talum (Slovenia), EMAL (United Arab Emirates), Konzelmann Metallschmelzwerke (Germany), and AMAG Casting (Austria).

RUSNANO acquired an interest in German company ItN Nanovation AG in May 2011. Its investment in the project was around €16 million.

Contacts and sources:

UC RUSAL is the world’s largest producer of aluminium, accounting in 2010 for approximately 10% of global production of aluminium and 10% of alumina. RUSAL employs 72,000 people in 19 countries, across 5 continents. RUSAL’s ordinary shares are listed on The Stock Exchange of Hong Kong Limited (Stock code: 486). Global depositary shares representing UC RUSAL’s ordinary shares are listed on the professional board of NYSE Euronext Paris (RUSAL / RUAL). Russian depositary receipts representing RUSAL’s ordinary shares are listed on MICEX (RUALR) and RTS (RUAL) stock exchanges in Moscow. Web-Site:

ItN Nanovation AG was established in 2000. Today it is one of the leading German companies working in nanotechnology. The company is headquartered in Saarbruken, Germany. Its customers include Mercedes, STIHL, Bosch Siemens Home Appliances, Grohe, and other leaders in their industries. ItN Nanovation AG is a publically held company. Its shares trade on the Frankfurt Stock Exchange.

RUSNANO was founded in March 2011 as an open joint stock company through reorganization of state corporation Russian Corporation of Nanotechnologies. RUSNANO’s mission is to develop the Russian nanotechnology industry through co-investment in nanotechnology projects with substantial economic potential or social benefit. The Government of the Russian Federation owns 100 percent of the shares in RUSNANO. Anatoly Chubais is CEO and chairman of the Executive Board of RUSNANO.
Work to establish nanotechnology infrastructure and training for nanotechnology specialists, formerly conducted by the Russian Corporation of Nanotechnologies, has been entrusted to the Fund for Infrastructure and Educational Programs, a non-commercial fund also established through reorganization of the Russian Corporation of Nanotechnologies.

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