During the INNOPROM-2018 industrial exhibition in Yekaterinburg, Chinese metallurgical company Ansteel Group Corporation and the Middle Ural Development Corporation have signed an agreement on setting up a steel production facility in the Sverdlovsk region, according to the report of TASS correspondent.
As reported by the press service of the Titanium Valley SEZ, in 2018, the first Minicut plant for the production of cutting tools will be established. The press service noted that Minicut Toolmaking, LLC received the status of a resident at the end of 2016. Investments in the project amounted to 123.5 million rubles. Currently, the SEZ resident has finished walling and roofing of the production facility with an area of about 1 thousand square meters, machines are to be delivered in March. Commissioning and launch of production is scheduled for mid-2018.
Titan Valley SEZ (the Sverdlovsk Region) and CMS (Italy) manufacturing machines signed agreement of intent during Innoprom exhibition.
Ural Boeing Manufacturing (UBM), the joint venture of VSMPO-Avisma and Boeing, is putting into operation the second plant producing titanium parts for American planes in September. The enterprise is under construction in the Sverdlovsk Region in the territory of the Titanium Valley Special Economic Zone (SEZ).
Wednesday, the Ministry of Economic Development of the Russian Federation reported that Ural Boeing Manufacturing (Boeing and VSMPO-Avisma JV, UBM) intends to invest more than RUB 5.5 bln. in the new enterprise in the Sverdlovsk Region processing titanium pressworks used in assembly of Boeing airplanes.
China State Construction Company China Railway Group became a participant in the project of building a high-speed railroad between Yekaterinburg and Chelyabinsk; the investment in the project will amount to $ 2.5 billion, said E Zhongqi, Chairman of the China Council for the Promotion of the International Trade of Heilongjiang Province, summing up the Fourth Russian-Chinese Expo in Harbin.