OREANDA-NEWS. June 23, 2011. RUSNANO and Toyota Tsusho have signed a memorandum of cooperation making way for collaborative endeavors in electronics, inorganic chemistry, environment, and automobile manufacturing. The memorandum was signed by RUSNANO Deputy CEO for International Cooperation Alexander Losyukov and Toyota Tsusho Executive Vice-President Kenji Takanashi.

Toyota Tsusho devotes considerable energies to developing cooperation with Russia, and holds the prospects of working together to advance the high-tech sector of industry in high regard.

“In addition to our traditional automobile dealerships in Russia, Toyota Tsusho has decided to concentrate on developing the high-technology sector of industry. Together with RUSNANO, we shall work on establishing innovative manufacturing businesses using leading Japanese and Russian technologies,” said Mr. Takanashi.

“We intend to create projects in Russia that unite the strengths of Japanese high-technology with the potential of the Russian economy,” Mr. Losyukov explained.