Russian President Putin to visit Monocrystal booth on the expansion of sapphire

Last July 21st, the Russian State Department of strategic initiatives (ASI) in Moscow VDNH (national economic achievement exhibition) center held a forum, one of the largest exhibitors include Monocrystal, displayed on the site of LED sapphire crystal rods, special sapphire screen of the mobile phone and solar cell applications of metal slurry.

At the site of the Russian economic achievement exhibition (VDNH) center, Monocrystal showed a 300 kg, the world's largest sapphire crystal rod. Russian President Putin also visited the Monocrystal booth, mentioning the importance of the development of export-oriented enterprises. (photo: Monocrystal)

Forum participants and visitors are interested in the field of Monocrystal show weighing 300 kg, the world's largest sapphire crystal rods. Russian President Putin also visited the Monocrystal booth, mentioning the importance of the development of export-oriented enterprises.

Putin and Monocrystal CEO Oleg Kachalov to discuss the potential development of the global sapphire market, Monocrystal expansion plans have a strong interest and hope to see continued success.

Over the past 5 years, Monocrystal will increase the production of artificial sapphire to more than 9 times, and the investment of up to $220 million to expand production capacity.

Monocrystal also actively uses the Russian government to encourage the production of subsidies. For example, in the first half of 2015, Monocrystal is one of the 7 export-oriented manufacturers to obtain financial investment and non financial assistance.

June Russia's development and foreign trade and Economic Cooperation Bank (Vnesheconombank, referred to as VEB) also signed a memorandum of cooperation with Monocrystal. This document guarantees public banks to invest in Monocrystal capacity expansion plan. (compile: LEDinside editor, Zhang Yahan)

For more information about LED, please click on LED network or pay attention to WeChat public account (cnledw2013).