# Dalian Machine Tool to build joint venture factory in Moscow region

Dalian Machine Tool Group will form a joint venture with Gazdevice (owned by Gennady Timchenko) to build a high-precision machine tool plant in the Moscow region. The project investment is 11 billion rubles (about $196 million) by 2020. Dalian will hold 49%, Gazdevice 51%. Production capacity will reach 5,000 machines per year by 2020.

- Type: New facility
- Announced: 2017-05-22
- Where: Moscow region, Russia, Russia
- Value: $196.0M (11.0B RUB)
- Starts operating: 2020
- Status: announced
- Capacity: 5,000 machines 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) (investor)
- [Gazdevice](https://endata.com/companies/17034.md) (partner)

## Sources

- [art2phone.com](http://www.art2phone.com/news-detail/261/261504.html), 2017-05-22: "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.