Penza “Stankomashstroy” signs up $5 million investment agreement

18:35 | 18.02.2016 | Economy

Penza, 18 February 2016. PenzaNews. The company “Stankomashstroy” and two Chinese enterprises have signed an investment agreement during the session of the Penza Region Industry Workers Union, which took place in the aforementioned company on Thursday, February 18.

Penza “Stankomashstroy” signs up $5 million investment agreement

“This is a project of investment in machine tool industry of our company worth $5 million,” said Oleg Kochetkov, general director of “Stankomashstroy.”

The company has been cooperating with the two enterprises for 9 years, he added.

The signing of the agreement is a landmark moment for the company, pointed out Oleg Shapoval, board chairman of JSC “CeSIS NIKIRET,” president of Penza Region Industry Workers Association.

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Penza “Stankomashstroy” signs up $5 million investment agreement

18:35 | 18.02.2016 | Economy

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