Dalian Machine Tool Group

SIPPR (SINOMACH) won the EPC contract for the renovation of Dalian Machine Tool's key functional components R&D and industrialization base. The project involves about 100 million yuan investment and 80,000 sqm renovation.

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.

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.

China's Dalian Machine Tool Group (DMTG) will form a joint venture with Gazdevice in the Moscow region to produce high-precision CNC machine tools, with total investment of 11 billion rubles ($196 million) by 2020.

Dalian Machine Tool Group signed an agreement to invest 4.5 billion yuan to build an East China base in Zhangjiagang Economic and Technological Development Zone. The project will include machine tool manufacturing, remanufacturing, and incubation bases, with an expected annual output of about 10 billion yuan.