RCVF announce their first investment to support the Russian substrate producer Rusalox

Press release, 05.06.2019

Moscow, June 5, 2019 - The Russia-China Venture Fund (RCVF), the fund established in partnership between the Russia-China Investment Fund (RCIF) and the leading Chinese innovation-focused company Tus-Holdings, announces its first project. RCVF hasagreed key terms of investment in Rusalox, a company producing innovative thermalconductive substrates. 

Rusalox specializes in the production of printed circuit boards and modules with high thermal conductivity. The production process is based on company’s unique innovative technology that ensures high cooling efficiency for any heat-generating electronic components. 

The funds will be used to implement Rusalox’s business development strategy across the Russian and Chinese markets, including investments in the expansion of production capacity.

RCVF is also considering a number of other projects including artificial intelligence, next-generation oil and gas equipment, industrial robots and innovative materials.

Kirill Dmitriev, CEO of RDIF and Co-CEO of RCIF, said: 

“Rusalox holds great potential for successful development in international markets and in the Chinese market in particular. With RCVF’s support, the company can raise its competitiveness through developing its production capabilities and the innovative features for its products across a number of industries, including high-speed railway, electric vehicles, etc. RCVF will continue to support promising Russian producers in the future”. 

Efim Besprozvanny, CEO of Rusalox, said: 

“We are very pleased with such a high evaluation of our products by RCVF. We believe in high potential of our products in the Russian and international markets, especially in the largest market of China. We are confident that with the help of our institutional investors we will be able to realize this potential.”

Jiwu Wang, Chairman of Tus-Holdings Co., Ltd., noted:

«We believe Rusalox has a strong potential for development in China. Thanks to RCVF’s investment, Rusalox has obtained an access to a customer base in China, some of these potential clients are world-class giants. With the deepening cooperation between Rusalox and RCVF, Russia-dedicated team of Tus Science and Technology Services will make great efforts to help the Company in development its business on Chinese markets».

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Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Currently, RDIF has experience of the successful joint implementation of more than 70 projects with foreign partners totaling more than RUB 1.5tn and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 700,000 people and generate revenues which equate to more than 5% of Russia’s GDP. RDIF established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than $40bn. Further information can be found at www.rdif.ru

Russia-China Investment Fund (RCIF) is a joint fund established by the Russian Direct Investment Fund and China Investment Corporation (CIC). The activity of RCIF is aimed at development of bilateral economic, trade and investment relations between Russia and China. Further information can be found at www.rcif.com

Tus-Holdings Co., Ltd., set up on July 24, 2000, is the former Tsinghua University Science Park (TusPark) Development Center founded in August 1994. Tus-Holdings is a large integrated enterprise established in reliance on Tsinghua University. It takes full responsibility for developing, constructing, operating and managing TusPark. It is the controlling shareholder or shareholder of over 800 listed & non-listed enterprises, including Tus-Guhan Group Co., Ltd., Tus-Sound Environmental Resources Co., Ltd, 21Vianet Group, Inc., ChineseAll, TUS International Limited, SZ Hanbang Technology Co., Ltd, Gigadevice, Guangzhou TuWei Technology Co.,Ltd, CICTE BIOREM and Tus-Design Group. And the total assets under its management have exceeded RMB 200 bn. As the flagship product of Tus-Holdings, TusPark (Beijing) is currently the largest single university science park in the world, with building area of 770,000 square meters, and more than 1500 enterprises having been settled in the park. TusPark has become a gathering place for multi-national corporation R&D headquarters, China technology enterprise headquarters as well as innovation enterprises. It has become a famous brand in China and even in the global science park industry. Further information can be found at http://en.tusholdings.com/

Rusalox LLCis a high-tech developer and manufacturer of high thermal conductive printed circuit boards and substrates, backed by JSC RUSNANO. Rusalox aluminum oxide printed circuit boards and substrates provide effective heat dissipation for heat-emitting electronic components, particularly, for crystals in the LED industry and power electronics. Rusalox products substitute for expensive ceramics. Further information can be found at www.rusalox.ru

For additional information contact:

Arseniy Palagin                                     Maria Shiryaevskaya / Andrew Leach
Russian Direct Investment Fund              Hudson Sandler
Press Secretary                                        Tel: +44 (0) 20 7796 4133 
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail: arseniy.palagin@rdif.ru