# Walter and Vargus establish 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 toolholders. Production is expected to start in November 2021 with some 20 employees.

- Type: Partnership
- Announced: 2021-06-01
- Where: Bucharest, Romania, Romania
- Jobs: 20
- Status: announced
- Products: toolholders, 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

- [mfgnewsweb.com](https://www.mfgnewsweb.com/archives/4/58921/Current-News-jun21/Walter-Announces-Joint-Venture-with-Vargus.aspx), 2021-06-01: "The joint venture in Romania is a further investment in the globalization 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.