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VEM Group

German VEM Motors signed an agreement with CNO-Himmash Ggroup which opened a Genborg electric engine plant in the Lipetsk Region on Friday, the administration of the Region says. They expect to organize production of VEM Motors engines at the facilities of the Russian enterprise in 2017, Fyodor Dudin, CEO of Genborg, told Vedomosti. The terms of cooperation are still under discussion, it may be partially contract production, partly production under the Genborg brand. The localized products will be sold together. Total investments in the construction of the Genborg plant amounted to RUB 1.4 bln.

21 November 2016
Vedomosti
Investor
Lipetsk region

Investor profile

VEM Group

Germany

Company's website: www.vem-group.com/en.html

T: +49 351 208-0

Private company

E-mail: motors@vem-group.com

Contact: Rüdiger Strümpel, CEO

Second largest producer of electric equipment in Germany, independent producer for rotating electric machines used in machine building, production design, chemical, oil and gas industry, power industry, environmental engineering, construction of wind farms, transport machine building, steelworks, rolling mills and ship building.

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