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A machine tools production plant with 20 million euros investment is being built in Ulyanovsk Region

16.11.2011

A machine tools production plant with 20 million euros investment is being built in Ulyanovsk Region. This will be the first Gildemeister AG plant in Russia. It will produce high-accuracy machines for metal processing. The corresponding decision was signed today by Sergey Morozov, Governor of Ulyanovsk Region, Rudiger Kapitza, Chairman of the Management Board of Gildemeister AG, and Dmitry Ryabov, Director General of Ulyanovsk Region Development Corporation, OJSC.

This agreement proposes construction of a machine tools plant with 20 million euros investment. The plant's capacity will be from 850 to 1,000 machines per year. In addition, according to the company, about 200 jobs will be created. The project will be implemented within a year from the beginning of construction works (approximately summer 2012). The plant will be built on the base of the Zavolzhye industrial zone.

Source: federal online publication Kapital Strany