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Daido Metal Co Ltd

“Daido Metal Rus”, LLC plans to invest 639 million rubles in production of engine parts in the Nizhny Novgorod Region. The regional governor Valery Shantsev informed journalists about that on 4 November.

The cooperation agreement was signed on 4 November between the government of the Nizhny Novgorod Region and the company “Daido Metal Koge” (Japan), which includes the “Daido Metal Rus”, LLC.

“The cooperation with Japanese companies is the priority direction of our foreign economic activity. We pay and will pay big attention to strengthening the relationship with Japanese companies. Today visit will allow to propel our partnership to the brand new level. Our meetings is the stimulus for the further development of plans and ideas”, the Head of the Region noted.

Seygo Handzhi, the CEO, the Chairman of the Board of Directors of the Company “Daido Metal Koge” says that the production will be put into operation in March 2016.

According to Vladimir Sorokin, the General Director of the company “Daido Metal Rus”, the production capacity is going to reach 5 million bearings per year.

03 November 2015
Investor
9.7 mln
Jobs: 60
Nizhny Novgorod Region

Investor profile

Daido Metal Co Ltd

Japan

Company's website: global.daidometal.com/en/

Public company

E-mail: Tomihisa.Nagata@daidometal.com

Contact: Seygo Handzhi, the CEO, the Chairman of the Board of Directors of the Company “Daido Metal Koge”

The company started its development in 1959. Manufacturing innovations, the quality of used materials, modern technologies allowed Daido Metal brand to win recognition. The brand manufactures a comprehensive range of products:
main bearings
washers
rod bearings
bushings

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