Request a call

Assistance in the creation of the newest machine tool enterprise

Print

Assistance in the creation of the newest machine tool enterprise

MTE KOVOSVIT MAC - a modern Russian-Czech joint venture of the MTE Group  and KOVOSVIT MAS for the production of high-precision metalworking equipment.

In November 2013, MTE KOVOSVIT MAC opened an assembly plant  in the city of Azov, Rostov region on an area of 33.6 thousand sq.m. with a localization level of 40%.

Vnesheconombank, as a development institution,  supported the newly opened enterprise  The support will result in achieving a localization level of 95%.

In order to minimize risks (in the interests of Vnesheconombank) Industrial Information Agency in December 2013 - January 2014 conducted a study of the metalworking equipment market, which confirmed the validity of the plans announced by MTE KOVOSVIT MAC.

In May 2014,  as part of the St. Petersburg International Economic Forum Vnesheconombank, the Government of the Rostov Region, MTE Group LLC; and the company "KOVOSVIT MAS, a.s." signed a cooperation agreement.

Link to Vnesheconombank website

In November 2014, SME Bank (Vnesheconombank Group) provided guarantee support to Azov MTE Kovosvit MAS. The state guarantee in the amount of 400 million rubles will provide 50% of the amount of the loan raised by the enterprise in the Moscow bank "International Financial Club", which will provide a loan in the amount of 1.1 billion rubles for the creation of production. It is planned that the volume of investments in the project will amount to 3.4 billion rubles, of which 750 million have already been disbursed.