20.02.2018

22:58

Companies + Economy + Local News

German Special Tool Technology to invest 10 mln to arrange production in Russia

German Special Tool Technology to invest 10 mln to arrange production in Russia

Special Tool Technology (Germany) and its Russian representative office "New Special Tool Technology" have executed an agreement with Ulyanovsk Region Corporation on creating a metal processing facility in the Region



German Special Tool Technology to invest €10 mln to arrange production in Russia


Special Tool Technology (Germany) and its Russian representative office "New Special Tool Technology" have executed an agreement with Ulyanovsk Region Corporation on creating a metal processing facility in the Region. The agreement was executed during the "Production Localization, Development of Industrial Potential and Occupational Education in Russia" Forum arranged by the Russian-German Chamber of Commerce.


10 million is expected to be invested in the creation of the facility within three years. Potential customers include power industry, machine building and aircraft engineering companies. The facility is going to be commissioned until late 2017.



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