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Kaufil has decided to enter into a Joint
Venture with Uralelastotechnika in Yekaterinburg,
Russia.
The objective of this Joint Venture is to
deliver all non-Russian automotive brands being produced
in Russia.
Both Companies have agreed to the details
of establishing the new Company Kaufil –
Uralelastotechnika OOO during the last visit of Kaufil´s
CEO, Werner Gehring, after meeting with Jury Gritzay,
Managing Director and Shareholder of Uralelastotechnika.
This is a further important step for
Kaufil to follow an internalization strategy and to
attend the OEM demand for local content in the Russian
market.
Uralelastotechnika is currently supplying
sealing parts to the Russian OEMs and has production
equipment for mixing, rubber and PVC extrusion and
finishing of sealing systems.
As a first step, Kaufil and
Uralelastotechnika have agreed to do an intensive
Know-How exchange to guarantee the same quality level in
Russia as in Europe.