Acting Governor Anatoly Gredin chaired a meeting with Okuma Europe GmbH’s Chairman of the Supervisory Board and Director-General Karl-Heinz Dreyer and President and Managing Director Kaoru Aoyama and with Director-General of UMK Pumori-SIZ Alexander Balandin at Sverdlovsk Region Government House. The meeting resulted in Sverdlovsk Region Government, Germany-based Okuma Europe GmbH, Japan-based Okuma corporation, and Yekaterinburg-based UMK Pumori-SIZ signing a protocol of intent regarding the construction of a metal-cutters manufacturing plant.

According to Alexander Balandin, the construction of the new plant will begin in Yekaterinburg in 2012 and will take two to three years to complete.