A Belarusian-German joint venture for the production of metalworking centers is planned to be established in Vitebsk

February 17, Vitebsk / Sergey Kochetov - BELTA/. Vitebsk plant "Stankoremont" and German corporation AXA GmbH plan to establish a joint venture in Vitebsk for the production of CNC metalworking centers. This was reported to a BELTA correspondent by the director of the Vitebsk enterprise, Leonid Krivoshey. "We have reached a fundamental agreement with our partners from Germany on the possibility of establishing a joint venture at our production base," explained Leonid Krivoshey. Such high-level processing centers are not produced in Belarus, but the demand for them is high. The equipment is in demand in mechanical engineering, machine tool manufacturing, the metallurgical industry, and other sectors. Initially, it is planned to organize an assembly production of CNC metalworking systems in Vitebsk, and in the future, orders for the production of individual parts and mechanisms for finished products will be placed at enterprises in Belarus, Leonid Krivoshey added. For the organization of joint production, the German partner is ready to provide technologies, organize training for Belarusian specialists, and also supply control and measuring equipment for diagnosing the quality of assembly work. The parties are still negotiating the volume of investment support for the project, but according to preliminary data, it will amount to at least 60-70 thousand euros at the initial stage. UP "Vitebsk plant "Stankoremont" was established in 2000. It specializes in the development, repair, and modernization of metalworking equipment. In addition, the enterprise is the exclusive dealer of the German concern AXA in Belarus. -0-