subscribe to news Professionals speak about the prospects for the industry development

A two-day Forum on the Potential and Prospects for the Machine Tool Industry in the New Economic Environment has opened the conference programme of Metalloobrabotka 2022, the international exhibition for equipment, instruments and tools for the metalworking industry. The event was organised by EXPOCENTRE AO and the Industry Project Management Centre, with participation of the Russian Ministry of Industry and Trade. 

At the plenary session, Yury Kuznetsov, Deputy Director of the Department of Machine Tool Building and Heavy Engineering of the Russian Ministry of Industry and Trade, spoke about import substitution in the machine tool industry in the new economic environment and about state support measures to strengthen the establishment of the industry. He noted that the problem of the Russian machine tool industry worries many. There is a need to jointly seek solutions and solutions to the problems that have not only accumulated in the industry in recent years, but have also developed over the past few months.

"The first serious sanctions against our equipment manufacturers were imposed back in 2014," said Yury Kuznetsov. “And our manufacturers have experience of working under such pressure. The gloomiest expectations of Russian manufacturers regarding the current situation did not come true. The Ministry of Industry and Trade is implementing a number of support measures, with a focus on import substitution of components”. A representative of the Ministry of Industry and Trade noted that despite the difficulties, enterprises understand where they need to go and are ready to provide customers with modern equipment and do it on time.

Vasily Dedkov, Head of the Project Implementation Directorate of the Defence Industry Financial Recovery Department at Promsvyazbank, stressed in his speech that the bank was fully prepared for the situation that had occurred. He spoke about the measures being taken to safeguard the financial interests of customers while maintaining an acceptable level of risk for the bank.

Fayaz Shabayev, First Deputy Director General of Mehanics AO, part of Rostec State Corporation, said that Mehanics’ range of activities covers all stages of the life cycle of machine tool products, which is a significant competitive advantage in the current environment, as it makes it possible to achieve effect throughout the entire production and service chain. "The departure of foreign manufacturers from the Russian market has forced a fundamental reconsideration of all previously practiced approaches in commercial production relations. The difficulties encountered in acquiring components, sub-assemblies and finished equipment have dealt a serious blow to the country's enterprises," said the speaker.

Two more events were held today as part of the forum: the Conference on Synchronising the Supply and Demand between Metalworking Equipment Manufacturers and Major Government Customers, and the Panel on the Priority Areas for the Development of the Tool Industry.

The forum will continue to run until May 24.

Press Service, EXPOCENTRE AO