Central regions | Industry, manufacturing | Finance, business

Russia to develop composite materials sector

30 Jan '13
The Russian Ministry of Industry and Commerce announced last week that in 2013, it will allocate more than $30m for the development of six priority areas of composite materials application. The areas include transport infrastructure, construction, energy, mechanical engineering, public utilities and hydrocarbon production, as well as nonferrous metallurgy and chemistry.

According to Minister Denis Manturov, by 2016 Russias investment in the composite materials sector will run up to a total of over $180m. Extrabudgetary funds will also be raised, he promised.

Also by 2016, the federal government has plans to develop 486 standards and procedures to form a normative base for the use of composites in the above sectors. According to Mr. Manturov, 51 standards may already be adopted in 2013.
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