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Kaluga SEZ Resident Reaches Agreement with Lamina Тесhnologies S.A. on Technologies Transfer

VAKTEK AO, a resident of Kaluga SEZ, and Lamina Тесhnologies S.A. have reached an agreement on cooperation in the field of construction of VAKTEK AO plant to manufacture hard alloy cutting tools. According to the provisions of the agreement on transfer of metal cutting tool technologies signed on August 28, 2019, Lamina Тесhnologies S.A. experts are to render technology support to VAKTEK AO, which constructs a modern industrial facility.

VAKTEK AO production facility is to be built in Kaluga SEZ site in Borovsk district, Kaluga Region.  185 new jobs are to be created.  

Products to be manufactured by the new plant will be in high demand in the metal-working market, as the demand for such tools is high and constantly grows. The company is to  manufacture tools suitable for import substitution in the industry.  

VAKTEK AO, a resident of Kaluga SEZ, and Lamina Тесhnologies S.A. have reached an agreement  on cooperation in the field of construction of  VAKTEK AO  plant to manufacture hard alloy cutting tools. According to the provisions of the agreement on transfer of metal cutting tool technologies signed on August 28, 2019, Lamina Тесhnologies S.A. experts are to render technology support to VAKTEK AO, which constructs a modern industrial facility.