Alcoa, RUSNANO Sign Memorandum of Understanding
Alcoa has been present in Russia since 1993. In 2005, the company purchased two aluminum-fabricating facilities and invested more than $750 million in upgrading them. Alcoa believes this partnership will help contribute to an increase in the consumption of aluminum products in Russia. RUSNANO, the Russian Corporation of Nanotechnologies, was established in 2007.