News provider Financial Times said Rusnano had provided the first tranche of $150m to build a Plastic Logic factory in Zelenograd, a town outside Moscow, and start a plastic electronics industry in Russia.

Russian Corporation of Nanotechnologies (Rusnano), a $5bn Russia state-backed venture capital company, has invested a reported $150m in US-based electronics company Plastic Logic to build in Russia its second factory.

News provider Financial Times said Rusnano had provided the first tranche of $150m to build the factory in Zelenograd, a town outside Moscow, and start a plastic electronics industry in the country.

Plastic Logic said it would continue to house its main research and development facility in the UK,…

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