RUSNANO invests EUR 25 million in Finnish nanotechnology company Beneq

Beneq’s thin film coating technology offers huge growth potential, according to RUSNANO.

Beneq is a global supplier of industrial production and research equipment for thin film coatings used in solar photovoltaics, flexible electronics, strengthened glass and many more emerging applications. Beneq equipment and thin film experience is used for increasing the efficiency of crystalline silicon and thin film solar cells, producing transparent conductive oxide (TCO) coated glass and making touch screen glass more durable.

Sergey Polikarpov, Managing Director at RUSNANO comments: "Beneq is a welcome member in our nanotechnology portfolio. We acknowledge the technical excellence of the company, and the literally untapped economic potential that lies before its thin film coating offering. With a firm belief in the technical capabilities of Beneq and the global surge for thin film production capacity, we want to be a part of the growth that lies ahead".

Beneq is establishing an activity center in Russia for developing specific applications and equipment for the needs of customers in Russia and the CIS. Over the past three years, Beneq has enjoyed annual turnover growth of more than 60 per cent. In 2011, Beneq posted sales exceeding EUR 18 million.

"This investment in Beneq is not only a covenant that ensures continued expansion of the company's business activities and its ability to serve its customers worldwide, it also opens new vistas of opportunity, including strengthening our presence in rapidly growing markets such as Russia," says Sampo Ahonen, CEO of Beneq.

Sources: Nanowerk News, www.beneq.com