Ural Turbine Works (part of Renova Group) and ElSib Scientific Production Association of Novosibirsk declared their cooperation as being strategic in nature, which was confirmed in the corresponding agreement signed at the end of September. They will now be partners not only in the field of power engineering projects but also in more general spheres of business and scientific activity.

‘This mutually beneficial cooperation with the Siberian company will allow us to expand our sales of goods and services and master a higher level of performing on the power engineering industry market,’ says GD of Ural Turbine Works Vitaliy Nedelskiy.

The two companies are going to do a good deal of marketing together; this includes researching the markets of goods and services and exchanging information on the potential customers’ needs as well as on the activities of their rivals. Together, they will start supplying equipment (in the turnkey format) and provide for repair and maintenance of each other’s machines, reports the spokesperson for Ural Turbine Works.