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ROSNANO intends to fund TMK project.

ROSNANO BOD decided to fund the project developed by TMK to expand production of HT pipes on the basis of nanostructure, the company informed.

The project is realized within the complex reconstruction of Seversky Pipe Plant (TMK Group). The finial patterns of ROSNANO participation in the project will be disclosed after the signing of an agreement.

ROSNANO (TIN 7728131587) is a co-investor in the nano-technological projects with considerable economic or social potential. Its participation at the initial stages of the projects mitigate the risks for the private investors as partners.

The Corporation is a participant of the projects aimed to build the nano-technological objects including the business-incubators, early investment funds etc. The share capital is equal to 53.741bn rub. split in 53741700000 common stocks of 1 rub. par. The government keeps 100% in ROSNANO.

The 2013-net losses rocketed upward 82% to 39.898bn rub. against 21.813bn rub. prior year; revenues dropped 15% to 5.8bn rub. due to the changes in the volume of receipts from the allocation of the temporarily free funds over the accounting period.

In 2013 the revenues from sales of the shares in the portfolio companies gained 5.5bn rub. which is 2.7 fold higher prior year. Last year the Company started to cover the debts and obligations in the volume of 1984mln rub.

"AK&M", 06.06.2014


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