The company "Galen" was included in the rating of the most advanced and fastest growing companies in Russia, News - Information portal for export and investment promotion of the Chuvash Republic

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23 Mar 2019

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Centre of Export Support of the Chuvash Republic


28 Oct 2014
The company "Galen" was included in the rating of the most advanced and fastest growing companies in Russia


The innovational offer of the ‘Galen” company is the nanostructured products. The effect of application of nanotechnologies lays in improvement of the construction material properties: basalt fiber reinforced polymer, fiber glass plastic and carbon composite material. The addition of nanoparticles to the polymer allows creation of a much more solid and durable product which has improved physical and chemical properties. 

Taking part in the competition "Tekhuspekh 2014",  Cheboksary enterprise  has entered in TOP-50 of the most innovative and fast-growing Russian companies, and also in TOP-80 of the main rating "Tekhuspekh".

Since 2012  Russia held annually "Techuspech" aimed at the detection of fast-growing Russian companies working in the sphere of high technologies.

The company "Galen" took part in the competition "Tekhuspekh" this year for the first time. Having passed two stages of competition, the Company was included into the list of the most innovative and fast-growing enterprises. The rating results were  announced on October 15 at the Moscow international forum "Open Innovations". As the General Director of MERS Igor Agamirzian noted, rating data and results of expert interviews confirm the thesis of the international competitiveness of the Russian high-tech companies, 72% of them export their products to foreign markets. "Galen" is among these companies. The export share in revenue of the enterprise makes 22% that exceeds average value among participants of the rating is 13%.

By results of competition the rating of the same name is formed, which considers such indicators as : the size of the company, dynamics of development and technological level of products or the rendered services. The rating "Tekhuspekh" defines leaders among the fast-growing hi-tech companies in Russia, which are capable to play in the long term a key role in development and modernization of the Russian technological branches.  The organizers of the rating are the Russian venture company (RVC) in partnership with the Association of innovative Russian regions (AIRR), PwC and the SME Bank.

When creating a methodology to rank have been studied the most authoritative international solutions, such as: The World's Most Innovative Companies (Forbes), TOP 100 Global Innovators 2012 (Thompson Reuters), The Global Innovation 1000 study of R&D spending (Booz&Co).

The Company "GALEN":

JSC Galen ( – the developer and the producer of modern composite materials for industrial civil engineering, road economy, the mining industry and power industry. Also it is pioneer of basalt technologies, leader of the Russian market of construction composite materials.  The company was founded in 2001, since 2011 - has acquired the status of the project company RUSNANO.

"Galen" nowadays is 2 production sites in Russia and Belarus; dealer network in Russia, CIS countries, Uk; export-oriented business-more than 20% of the products shipped to foreign countries. The company owns more than 20 patents and know-how. Since 2009 the production is carried out with the use of nanotechnology.

Original Source: JSC Galen


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