The Mining Machines Group, Donezk (UA) acquires from the MTV NT GmbH a license for the use of the know-how for the Bronze and Hard Chrome plating of mine equipment in the Ukraine as well as a complete plating line from company Driesch. For this purpose Mining Machines carries out an investment in the two-digit million areas.
Mining Machines is the biggest producer of mine equipment in East Europe and belongs to the holding company System Capital Management (SCM) of billionaire Rinat Achemetow which controls more than 30 coal and steel companies.
The MTV NT GmbH will invest the money in the development of new surface technologies as for example a Hard Chrome replacement to meet the requirements of the market or to be even ahead. In addition, the manufacturing capacities at the locations Solingen and Mühlheim will be expanded and another production for the plating of large and special components for the East European market will be originate in the Czech Republic.