Dow and Rusnano to co-operate in Russia

Heinz Haller, Executive Vice President and Chief Commercial Officer, Dow Chemical.

MOSCOW, RUSSIA: To evaluate potential co-operation in fast-growing areas such as energy efficiency, infrastructure, light-weight materials, and life sciences, The Dow Chemical Company (through its wholly owned subsidiary Dow Europe GmbH) and RUSNANO have decided to work jointly and have signed a Memorandum of Understanding.

Through this agreement, both companies will evaluate and define potential joint venture projects to pursue collaborative investments in Russia. The parties have also agreed to exchange technical and commercial information on up-and-coming activities. “Our goal is to develop commercially-meaningful joint projects that help to address key issues in Russia, and leverage Dow technology to support job creation and economic development,” said Heinz Haller, Executive Vice President and Chief Commercial Officer, Dow Chemical. The emphasis will be on large-scale projects based on nanotechnologies with the aim of attracting cooperation from major corporations and regions in Russia and developing intellectual property.

Ongoing co-operation between Dow Chemical and RUSNANO demonstrates potential collaboration to expand American engagement in the emerging economy of Russia. This type of mutually beneficial cooperation reinforces both companies’ commitment to further developing the local domestic market and advancing Russian industry’s integration into the world

(C) WOC News