Beneq plans Russian subsidiary

November 5, 2012
Facebook
Twitter
LinkedIn
Reddit
Email

Beneq, a Finland-based provider of equipment for advanced thin-film coatings, has announced plans to establish a subsidiary in Russia and set up operations in the Commonwealth of Independent States (CIS).

The company has projected a rapid increase in business in Russia in the coming years and the subsidiary will be set up in order to serve local customers.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Furthermore, the move is in line with the company’s strategy to expand into existing and emerging markets. Its strategy has received support from the state-owned Rusano Corporation which made a €25 million investment in the company earlier this year in April.

In addition to the planned subsidiary, Beneq has also announced plans to open an application development and service laboratory called AppLab in order to promote and implement cutting-edge thin-film technologies and create globally competitive products and industrial solutions for Russia and global markets.

Beneq’s CEO Sampo Ahonen stated: “Establishing a local office in Russia is a definite and very concrete move in providing our customers with the best possible services. It is also a step in Beneq’s long-term plan of gaining a leading position in industrial production and laboratory equipment for nano-scale thin films and functional coatings in Russia.”

Ahonen added: “The AppLab service, which is unique in its kind, is a natural element in our strategy to not only focus on selling equipment, but to also work in partnership with universities, research institutes and industrial enterprises. Our involvement in thin film research is already extensive, which has helped us become pioneers in many challenging coating disciplines, e.g., Roll-to Roll and plasma-enhanced ALD, as well as industrial coating scale-up.”

“And concerning thin-film research in Russia, we certainly do acknowledge the decisive and early contributions to ALD made by Russian scientists like V.B. Aleskovskiy and S.I. Koltsov, and foresee fruitful collaboration with the legacy of their work, today present in many research facilities throughout Russia.”

Read Next

Premium
October 24, 2025
Marcel Suri explores the datasets that will help improve the accuracy of PV output estimation and drive better performance.
October 24, 2025
US solar tracker manufacturer Nextracker and Saudi-based energy company Abunayyan Holding have formed a joint venture (JV) in Saudi Arabia.
October 24, 2025
The Saudi state-owned renewables developer Masdar has begun construction on a giant solar-plus-storage project in Abu Dhabi.
October 23, 2025
The average price of a solar PPA signed in Europe in Q3 2025 fell below €35/MWh, reaching €34.25/MWh, according to LevelTen Energy.
October 23, 2025
Infrastructure investment firm Nuveen Infrastructure has secured US$171 million in financing for a 137MW solar PV plant in South Korea.
October 23, 2025
US solar manufacturer T1 Energy sold approximately 725MW of solar modules in Q3 2025, as it continues to expand US manufacturing capabilities.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany
Solar Media Events
March 24, 2026
Lisbon, Portugal