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Penza delegation to visit South Korea for machine tool production experience exchange

10:18 | 28.05.2016 | Economy

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Penza, 28 May 2016. PenzaNews. The Penza region governor Ivan Belozertsev and the President of South Korean Namsun Machinery Corporation Jong-Hyun Sohn announced the upcoming visit of the regional delegation to Korea and a mutual experience exchange session after a joint meeting.

Penza delegation to visit South Korea for machine tool production experience exchange

Photo: Pnzreg.ru

During their talks on Friday, May 27, Ivan Belozertsev stressed that attracting investments and developing business are two of the crucial state priorities, and the regional and federal authorities alike pay particular attention to supporting the industrial field.

“The import replacement companies, particularly in the machine-tool industry, have a particular advantage in this case. We are glad to see you showing interest in our ‘Stankomashstroy’ enterprise, and we see good development potential for the cooperation between the two companies,” said the head of the region.

He also promised to provide all possible aid as the regional governor to support the machine-tool industry.

“We need to create a good foundation for machine-tool production. The sanctions showed us that we greatly need to use our own resources, and also gave us an opportunity. Our enterprises have big potential, and they did the first steps towards realizing it,” Ivan Belozertsev pointed out.

In turn, Jong-Hyun Sohn thanked the governor for the friendly reception, and pointed out that Russia is a large, strong and powerful country that has the capabilities for dynamic progress, says the press service of the regional government.

Namsun Machinery Corporation is involved in design and production of numerous types of machinery. They are supplying variable cutting machines and vertical lathes to consumers in South Korea and abroad. The company is known for its advanced R&D and experimental developments.

“Stankomashstroy” company has been developing its own import replacement project since 2014, with the aim to create the basis for up-to-standard assembly of metalworking machine tools. The first assembly hall opened in August 2015, with two more to come. The project is due to complete in 2018.

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