# Walter and Vargus establish joint venture in Romania

Walter AG and Vargus Ltd established the joint venture VWR Cutting Tools S.R.L. in Ploiesti, Romania, to manufacture tool holders. The contract was signed on February 26, 2021, and production is expected to start in November 2021.

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

## Companies

- [Walter AG](https://endata.com/companies/16788.md) (partner)
- [Vargus Ltd.](https://endata.com/companies/54080.md) (partner)

## Sources

- [metalworking.in](https://metalworking.in/walter-and-vargus-join-forces-in-romania/), 2021-04-01: "The joint venture in Romania is a further investment in the globalization and growth of our company."

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