# Dalian Machine Tool Group to produce CNC lathes at Gazdevice plant

China's Dalian Machine Tool Group (DMTG) will produce high-precision CNC lathes at Gazdevice's plant in the Moscow region through a joint venture, with 11 billion rubles investment by 2020.

- Type: Partnership
- Announced: 2017-04-18
- Where: Moscow region, Russia, Russia
- Value: $196.0M (11.0B RUB)
- Status: announced
- Capacity: 50000 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

- [vedomosti.ru](https://www.vedomosti.ru/business/news/2017/04/18/686187-tokarnih-stankov-timchenko), 2017-04-18: "Китайская Dalian Machine Tool Group (DMTG) наладит выпуск высокоточных токарных станков с ЧПУ на мощностях подконтрольного Геннадию Тимченко подмосковного завода «Газдевайс»."

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