South West | Industry, manufacturing

VZTDN to build $61m springs plant

10 Sep '09
Volgograd Plant of Tractor Parts and Normals (VZTDN) intends to build a $61m plant to produce springs with hot and cold coiling in Volgograd region, regional officials report.

The main contractor for the project is German firm ROVEMA, officials said.

The plant is reportedly to create 100 new jobs.

The plant’s products are widely used in assembling of gas engines, gear boxes, clutches and other aggregates in car and tractor manufacturing industries.

The project is scheduled to be carried out within three years.

The project will be presented at the 8th International Investment Forum Sochi-2009, to be held on September 17-20.
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