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Feb 25th, 2012
MCLR launches LED substrate and panel production in Russia
MCLR has commissioned the first Russian-based production of substrates and panels for electronic devices.
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Its factory in Vladimir will manufacture the components primarily for LEDs requiring heat sinks. The new plant’s entry into production is a significant step in the partnership between RUSNANO and an Israeli high-tech company with direct input from a venture capital fund created by Russian Venture Company.

RUSNANO, Tamir Fishman CIG (a venture capital fund established with RVC’s participation and operating under the management of Innovation Solutions), and Micro Components Ltd. (the Israeli technology developer) are partners in the project. Total budget for the project is 868 million rubles. Of that sum, RUSNANO is cofinancing 120 million rubles.

The project is based on MCL’s patented technology ALOX™. Substrates manufactured with this technology are made of two main parts, an aluminum or copper conducting layer and a dielectric material with nanopourous structure. The dielectric material creates the considerable competitive advantage of these substrate over those made with traditional technology.

In its first phase of operations, the Vladimir factory will produce 10,000 panels per month. This volume is enough to make more than one million LED lamps. By 2015 the factory is expected to reach design capacity of 70,000 panels per month with company earnings at 2.8 million rubles annually. Substrates for assembly of electronic devices are forecast to account for 72 percent of earnings in 2015. LED modules will make up the remaining 28 percent. Production at that level will give MCLR between 2 percent and 4 percent of the global market for these components.

The substrates produced with ALOX™ technology have passed all necessary tests, including tests for thermal reliability. MCLR’s products outstrip alternatives on basic consumer characteristics—heat conductivity, by hundreds of times; price, by 20 percent to 30 percent; reliability, twofold. Presently leading international players in the LED market are considering using the company's products.

“We believe that manufacturing operations plus the ambitious plans shared by project participants will enable MCLR to become one of the largest manufacturers of nanostructured substrates and other electronic devices using our technology in the Russian and global LED markets,” said MCL founder and CEO Uri Mirsky.

“Entering production shows that we have gotten a wonderful start in our collaboration with Israel, one of the world’s centers of innovation. By using technology that has already proven itself, we are helping to ensure that the growing Russian market for LEDs has high-quality components, surpassing analogs on price-quality measures,” noted RUSNANO Senior Investment Manager and Chairman of the Board of Directors of MCLR Vasily Kostyanovsky.

“MCLR is a joint project of venture capital fund Tamir Fishman CIG, created with RVC’s participation, Israeli innovator MCL, and RUSNANO. The company is a striking example of how the latest foreign technology may be used to establish large-scale commercial manufacturing in Russia, producing high-technology goods for the entire world. The opening of the plant in Vladimir is an important step in the project’s growth. Through close cooperation with RUSNANO and MCL, we were able to go from initial financing to commercial production in only 14 months,” said Yan Ryazantsev, director of the Investment and Expertise Department and member of the Executive Committee, Russian Venture Company.

“I would like to add that when backplane assemblies are produced with ALOX™ technology, we obtain a product that can be recycled, whereas traditional printed boards of glass textolite cannot. Our products not only have unique capabilities, they are also environmentally safe,” MCLR General Director Mikhail Naish explained.


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