Siemens to invest some 50 million Euros in JV with Russia

19th May 2010, Comments 0 comments

The German concern Siemens is setting up a joint venture with the Russian company Iskra-Avigaz in the Ural city of Perm, to manufacture compressors. Siemens is expected to invest some 50 million Euros in the project. The first product delivery to consumers is slated for 2013.

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