# Dalian Machine Tool Group to form joint venture in Russia

China's Dalian Machine Tool Group (DMTG) will form a joint venture with Gazdevice in the Moscow region to produce high-precision CNC machine tools, with total investment of 11 billion rubles ($196 million) by 2020.

- Type: Partnership
- Announced: 2017-04-18
- Where: Moscow region, Russia, Russia
- Value: $196.0M (11.0B RUB)
- Status: announced
- Capacity: 5000 units per year by 2020
- Products: CNC lathes, vertical machining centers, horizontal machining centers
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Dalian Machine Tool Group](https://endata.com/companies/16383.md) (partner)
- [Gazdevice](https://endata.com/companies/17034.md) (partner)

## Sources

- [sputniknews.cn](https://sputniknews.cn/20170418/1022389897.html), 2017-04-18: "中国大连机床集团将与俄投资者在莫斯科州成立生产高精密机床的合资企业。"

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