# DMG Mori to invest additional funds in Ulyanovsk region over 10 years

DMG Mori signed an agreement with the Ulyanovsk region government to make additional investments over 10 years to develop the machine tool industry, including localization of component production, creation of machining shops and an engineering center. Total project cost is about 5 billion rubles.

- Type: Investment
- Announced: 2016-12-21
- Where: Ulyanovsk, Russia, Russia
- Value: $81.0M (5.00B RUB)
- Status: announced
- Products: machine tools, components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [DMG MORI](https://endata.com/companies/7538.md)

## Sources

- [ulpressa.ru](https://ulpressa.ru/2016/12/21/kontsern-dmg-mori-napravit-dopolnitelnyie-investitsii-v-ulyanovskuyu-oblast/), 2016-12-21: "Общая стоимость проекта – около пяти миллиардов рублей."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.