Niles-Simmons-Hegenscheidt to Launch Machine Tool Plant in Zelenograd
The German company Niles-Simmons-Hegenscheidt (NSH) has signed an agreement with the Government of Moscow to localize its manufacturing of machine tools in the city. The document has been signed by Natalia Sergunina, the Moscow deputy mayor for economic policy and land-and-property regulations; John Oliver Naumann, the president of NSH; and Ildar Kadyrov, the CEO of NSH Russ.
According to the agreement, construction works for the new plant will commence in Zelenograd at the end of 2017. “The Government of Moscow is striving to create truly favorable conditions for the localization of manufacturing, be it for Russian or international companies. Moreover, the government provides additional guarantees with regards to non-business risks to make sure that manufacturers feel comfortable in Moscow,” emphasized Natalia Sergunina. The deputy mayor believes that the new plant will generate new high-skill jobs for the city. “I would also like to point out that Moscow is becoming increasingly attractive for investors. According to the Bank of Russia, foreign fixed asset investments in Russia amounted to more than 66 billion dollars, with Moscow's share accounting for half of that sum,” said the deputy mayor. The German company is expected to invest more than 750 million rubles into its new facility. “We'll build the plant in three stages. At the beginning, we'll invest 750 million rubles, and over the course of the construction, investments are projected to reach 1.5 billion rubles,” said Ildar Kadyrov. The signing ceremony took place during the XVIII International Exhibition Metalloobrabotka running from May 15 to 19 at Expocenter.
24 июля 2017
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