# Walter and Vargus form joint venture VWR Cutting Tools in Romania

Walter AG and Vargus Ltd. established a joint venture named VWR Cutting Tools S.R.L. in Bucharest, Romania, to manufacture tool holders. Each holds equal shares; production is expected to start in November 2021 with about 20 employees.

- Type: Partnership
- Announced: 2021-02-26
- Where: Bucharest, Romania
- Jobs: 20
- Status: announced
- Products: tool holders, grooving tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [VWR Cutting Tools S.R.L.](https://endata.com/companies/54986.md)
- [Walter AG](https://endata.com/companies/16788.md) (partner)
- [Vargus Ltd.](https://endata.com/companies/54080.md) (partner)

## Sources

- [industrialsupplymagazine.com](https://industrialsupplymagazine.com/pages/News-032921-Walter-forms-joint-venture-with-Vargus.php), 2021-03-29: "The joint venture in Romania is a further investment in the globalization and growth of our company."
- [metalworkingnews.info](https://metalworkingnews.info/walter-and-vargus-join-forces-in-romania/), 2021-05-07: "The joint venture in Romania is a further investment in the globalisation and growth of our company."

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