PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the largest in the world.
a vertically integrated steel and mining companies,
announces corporate venture Fund, Severstal Vetures realized
the second investment tranche to the Dutch company Airbore, the world leader in
the development of digital robotic platforms for the production of composite
parts and products with integrated composites. Total investment in
Airbore has already reached several tens of millions of dollars.
Despite the fact that in connection with the crisis caused by the epidemic of the coronavirus
many venture projects in the world market was frozen, we took a
decision to support the portfolio company and has initiated investment.
Other shareholders Airbore, among which HPE Growth, supported this idea and
co-financed by the transaction.
in addition, "Severstal" and Airbore signed an exclusive agreement
technological partnership in Russia. It provides that "Severstal"
will be the first choice for the realization of composite applications, which
also in the field of robotics production of composite parts on site
Russia.
Andrei Laptev, Director of business development and corporate venture
projects of Severstal, said:
"the Epidemic of the coronavirus have highlighted the trend in robotization of production in the
range of industries. If previously the task of digitization was to improve internal
efficiency, now it was added by providing epidemiological
the security personnel involved in the processes, and continuity
production processes. The manufacture of composites it is difficult to automate, but
solutions Airbore able to significantly change this market. In particular,
Airbore brings the mass production and launch of rockets available,
satellites and space ships: with this technology, only one
automated production line can produce panels with any
the basis and a covering. Even in the hard crisis and uncertainty,
which we are seeing today, is necessary to support entrepreneurs working
breakthrough technologies. Therefore, Severstal Vetures decided on
additional funding Airbore. In addition, we strive to bring
a promising company on the Russian market and help them to expand their
technology here. I am sure that the signed agreement we will start the project
Airbore in Russia for Severstal and our customers."
Ilya Pavlov, head of Severstal Vetures projects, said:
"Now the whole world is under the impression from the launch to the ISS space ship Crew
Drago from SpaceX. The industry of commercial spaceflight is gaining momentum, and
breakthrough solutions Airbore will no doubt accelerate this race. Severstal does not
the first year is contributing to the development of Astronautics, supplying steel with special
properties for the construction and installation of critical facilities
of the cosmodrome "East".
the Company Airbore has developed and brought to market a unique complex digital
technologies for robotics highly efficient production of composite parts,
reinforced with carbon fiber. The company is engaged in the commercialization of
robotic manufacturing cells, and software and
manufactures at its production facilities in the Netherlands and
UK composite products for a range of projects with leading
partners from different sectors (automotive, construction,
shipbuilding industry, aerospace industry, electronics, wind energy).
