A Joint Venture Contract Signed during Evgeny Kuivashev’s Visit to Japan

First cooperation agreements during the Japanese visit of the Sverdlovsk Region delegation headed by Evgeny Kuivashev have been concluded on the 18th of February.

Currently the delegation finds itself in the city of Kitakyushu. The Governor had a meeting with the city’s Mayor, during which the mutual interest in cooperation was expressed. Around 50 Japanese companies are attending the Sverdlovsk Region presentation. Several of these companies, such as Mishima Kosan and Yaskawa Electric, have expressed interest to have a personal meeting with Evgeny Kuivashev and receive more detailed information about the opportunities for partnership.

“These companies are world leaders in their areas. In particular, Mishima Kosan Corporation interests us from the point of transfer of high technologies into the metallurgical industry. We had initial contacts at the INNOPROM 2012 Exhibition, and established preliminary agreements regarding cooperation within the framework of the Titanium Valley SEZ project. This involves continuous steel casting machines. Based on the results of today’s meeting in Kitakyushu, a contract was signed with CJSC NPP Mashprom on establishing of a joint venture. The JV will make it possible to increase the efficiency of metallurgical production in the region”, says Alexander Kharlov, Sverdlovsk Region’s Minister of International and Foreign Economic Relations who is visiting Japan at this time.

According to him, Yaskawa Electric is the leading manufacturer of electrical equipment. The company makes controllers, direct current motors, electric switches and robotics. Yaskawa Electric consists of 78 subdivisions in Japan, America, Europe and India and has a strong position on the world market.

As the Minister also pointed out, “Taking the mutual interest in these negotiations into consideration, we hope for further development of contacts with these corporations and for their involvement in modernization of our region’s industry complex”.
According to him, all meetings were worked through by the Ministry in advance, with involvement of the Russian Embassy and Trade Mission in Japan.

It must be added that the group of officials participating in our region’s presentation includes Sergey Egorov, Trade Representative of Russia in Japan, Vadim Tretyakov, Deputy Director of the SEZ and Regional Development Projects Department of the RF Ministry of Economic Development and Trade, and management of Titanium Valley SEZ OJSC.