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Dalian Machine Tool Group

The Chinese Dalian Machine Tool Group (DMTG) will organize the production of CNC lathes at the facilities of the GasDevice plant located in the Moscow Region and controlled by Gennady Timchenko, where gas meters are currently produced. According to a source in the Ministry of Industry and Trade, this year the output of machines will be 1.5 thousand items, whereas the production localization level should reach 30% by November and 50% by the beginning of 2018. The industry demonstrates a tendency to increase foreign investment in machine tool construction, that is assumed to continue in future.

The Chinese Dalian Machine Tool Group will create, jointly with Russian investors, a JV for manufacture of high-precision machine tools at the GasDevice, JSC plant in the Moscow Region, as a representative of the the Ministry of Industry and Trade explained to Kommersant. The Chinese parties in the JV – DMTG Rus – will hold 49%, and GasDevice, 51% of shares. The volume of investments in the project until 2020 reach 11 billion rubles. 

18 April 2017
Kommersant
Investor
183.0 mln
Moscow Region

Investor profile

Dalian Machine Tool Group

China

Company's website: en.dmtg.com

T: 400-626-5557

Private company

Contact: Junqing Ma, President

DMTG is the Chinese-largest machine-building corporation, one of the world leaders in the production of high-precision CNC systems.

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