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Concurrently, the Russian Corporation of Nanotechnologies (RUSNANO) and the European Bank for Reconstruction and Development (EBRD) will also reportedly invest in the merged business. These funds are intended to finance the construction of a new float line at the site of the NSG Group’s current float line in Ramenskoye, Russia. The new investment from EBRD and RUSNANO will also enable the installation of new coating facilities in Ramenskoye that are capable of manufacturing low-emissivity, energy-saving products to supply the growing market for energy-efficient glazings in Russia.
For more information, visit www.nsg.com.