Gazdevice

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.