FFG Europe SPA

Krasny Yakor Plant planning to launch assembly production of turning and milling machines in the first quarter of 2016, the Nizhny Novgorod Region’s press service reports citing Krasny Yakor Plant General Director Dmitry Barykin.

As part of a project implemented jointly with FFG Europe, approximately 60 machines are to be manufactured per year using the assembly process, he said. Production is to be localized at a level of 60%-70% during subsequent stages (roughly by 2018).

Barykin noted during a roundtable on the subject “The main problems facing enterprises when implementing export-oriented import substitution” that this project will take on greater strategic importance not only for the plant, but for the entire regional industry and will become a key step towards implementing the import substitution program.

The plant views exports to shipbuilding and ship repair enterprises of Europe as a promising sales market for chain products and is planning to ship its first pilot supplies in the near future with the assistance of its English partners.

08 July 2015
Nizhny Novgorod Region

Investor profile

FFG Europe SPA


Company's website: https://www.ffgeurope.com

T: + 39 0523 549611

Private company

FFG Europe is a machine tool holding company managed by the FFG Group that includes the following well-known Italian and German machine tool brands:

  • VDF Boehringer
  • Hessapp
  • Huller Hille
  • Honsberg
  • Modul
  • Witzig & Frank
  • Jobs
  • Rambaudi
  • Sachman
  • Sigma

The products of these brands are distinguished by their superior manufacturing quality as confirmed by the many years of successful operation of machine tools at enterprises around the globe. Effective technological solutions for turning, milling, boring and gear treatment have been successfully implemented at the enterprises of our clients in various industries: the automotive and aerospace, transport engineering, metallurgy, general engineering, energy, oil and gas and other industries.