RDIF and partners invest in Russian personal care goods producer ZetTek
Moscow, April 9, 2021 – The Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund), Mubadala Investment Company (Mubadala), an Abu Dhabi-based global sovereign investor, and other partners today announce an investment in Russian personal care goods producer ZetTek.
ZetTek is an industry leader in supplying major Russian and foreign retailers. The Company produces wet wipes for hygiene and other technical uses, fabric cosmetic facemasks, detergents and other products in various types of packaging.
ZetTek’s facilities have the capacity to produce 1.5m units per day. The company also has its own research and development laboratory.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund, said:
“The coronavirus pandemic has led to a significant increase in demand for hygiene and antiseptic products. ZetTek is the Russian leader in the production of a wide range of hygiene products. Investments made by RDIF and partners will enable the company to increase its production volumes and meet the growing needs of the Russian market, as well as expand the product line in future.”
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 80 projects with foreign partners totaling more than RUB2 tn and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 800,000 people and generate revenues which equate to more than 6% of Russia’s GDP. RDIF has established joint strategic partnerships with leading international co-investors from more than 18 countries that total more than $40 bn. Further information can be found at rdif.ru
Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi. Mubadala’s $232 billion (AED 853 billion) portfolio spans six continents with interests in multiple sectors and asset classes. We leverage our deep sectoral expertise and long-standing partnerships to drive sustainable growth and profit, while supporting the continued diversification and global integration of the economy of the United Arab Emirates. Headquartered in Abu Dhabi, Mubadala has offices in London, Rio de Janeiro, Moscow, New York, San Francisco and Beijing. For more information about Mubadala Investment Company, please visit: www.mubadala.com
ZetTek is the first manufacturer of wet wipes and hygiene products on the Russian market since 1995. Today it is a leading manufacturer of wet wipes, wet toilet paper and soap under private brands for large Russian and foreign retailers. The company specializes in the production of hygiene products that meet European standards. The production lines are equipped with modern equipment by leading manufacturers. Further information can be found at zettek.ru
For additional information contact:
Russian Direct Investment Fund
Director for External Communications
Mobile: +7 915 312 76 65
Andrew Leach / Maria Shiryaevskaya
Tel: +44 (0) 20 7796 4133