SPC Spring

Announced JSC RUSNANO in June, 2014 the next successful exit from the capital of portfolio company. Consolidated Carriage Company (OVK LLC) LLC redeemed a share of RUSNANO (34%) in SPC Pruzhina LLC – the project on production of heavy-duty springs. Transaction amount and IRR do not reveal.

Within the tripartite transaction of "OVK" also purchased a share of other project participant, JSC Izhevsk Machine Works. Thus, "OVK" consolidated 100% of authorized capital of Spring under the control and became the strategic investor of the project.

After completion of the transaction SPC Spring will focus on release of springs for the capital production asset of "OVK", "The Tikhvin car-building plant" (TVSZ). The business strategy of SPC Spring will consist in development of production of high-quality component parts for the innovation railway transport as the most perspective and the segment demanded by the market. It is expected that by 2015 SPC will produce 15 thousand tons of products a year.

Inclusion of Spring in the structure of railway holding "OVK" will allow to provide completely requirements of TVSZ for the nanostructured springs which conform to the raised operational requirements and design features of the innovation carts of freight cars.

Use of new springs on railway transport will allow to reduce considerably repair costs and operation of the rolling stock and to increase volumes of cargo transportation due to increase in load of a carriage axis.

Key advantages of products of SPC are the service life increased several times, expanded range of allowable stresses and increased work capacity in the conditions of low temperatures.

The technology of high-temperature thermomechanical processing of material developed by the Izhevsk specialists allowed to achieve similar characteristics without raw materials value addition. At such processing in metal homogeneous nanodimensional structures which provide to material the increased durability are formed.