German partner investing in machine building

Belarusian-German JV to produce metal processing machines in Vitebsk

By Sergey Kononov

A principal agreement has been reached between Vitebsk’s Stankoremont Plant and German AXA GmbH, creating a whole new level of machine building for our country. Demand is high, since the equipment is used in machine building, machine tool building, metallurgy and other branches.

Initially, only assembly manufacture is to be organised in Vitebsk, but individual components for metal processing machines are to be made in Belarus in the future at joint enterprises, with our German partner. The latter is to give us the necessary technologies and organise staff training while supplying control and measuring devices to assess the quality of production.

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