Vargus Ltd.

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.

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.

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.