Rosnano reorganizes Plastic Logic
According to Vedomosti , the board of directors of MC Rosnano, intends to reorganize the manufacturer of flexible screens, the company Plastic Logic. The company’s headquarters are currently based in Ireland. Rosnano plans to divide the company into two parts: production and research. The production part will be operated by Plastic Logic Germany, in Dresden. The second is in Britain, based on Flexenable. Control over both companies will be exercised by Rosnano.
It is worth noting that the history of interaction between Rosnano and Plastic Logics is quite old. So, Rosnano in 2011 became a co-owner of Plastic Logic Holding. Then the company developed a project of readers with flexible monochrome displays, and the leadership of the domestic structure decided to begin production of such readers in Zelenograd. Several billion rubles were invested in Plastic Logic Holding, while 7.13 billion rubles were provided by Rosnano.
Start of production of readers with flexible displays was planned for 2013-2014, and in 2015 the company was to be profitable. However, already in 2012, Plastic Logic decided to change its strategy, and begin production of non-readers, and plastic flexible displays and some other components. A year later, Rosnano reported a reservation of about 40% of the initial investment for impairment.
Now Rosnano plans to increase its share in Plastic Logic Germany, and in Flexenable - up to 80%.
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According to Yury Udaltsov, deputy chairman of the management board of Rosnano (the main owner of Plastic Logic), the Dresden factory will receive revenue this year: the company already has commercial orders. The main focus of the company is the creation of displays for various devices, including phones, readers, baggage tags, electronic decals, information boards and signs.
It is worth noting that the history of interaction between Rosnano and Plastic Logics is quite old. So, Rosnano in 2011 became a co-owner of Plastic Logic Holding. Then the company developed a project of readers with flexible monochrome displays, and the leadership of the domestic structure decided to begin production of such readers in Zelenograd. Several billion rubles were invested in Plastic Logic Holding, while 7.13 billion rubles were provided by Rosnano.
Start of production of readers with flexible displays was planned for 2013-2014, and in 2015 the company was to be profitable. However, already in 2012, Plastic Logic decided to change its strategy, and begin production of non-readers, and plastic flexible displays and some other components. A year later, Rosnano reported a reservation of about 40% of the initial investment for impairment.
Now Rosnano plans to increase its share in Plastic Logic Germany, and in Flexenable - up to 80%.
')
According to Yury Udaltsov, deputy chairman of the management board of Rosnano (the main owner of Plastic Logic), the Dresden factory will receive revenue this year: the company already has commercial orders. The main focus of the company is the creation of displays for various devices, including phones, readers, baggage tags, electronic decals, information boards and signs.
Source: https://habr.com/ru/post/286568/
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