ODK-Gas Turbines to strengthen its position in Southeast AsiaA joint memorandum with the Chinese company Kerui Group outlined the path to reach new marketsThe company ODK-Gas Turbines has announced the start of a strategic partnership with Kerui Group, a leading engineering company in the oil and gas industry.
The company ODK-Gas Turbines has announced the start of a strategic partnership with Kerui Group, a leading engineering company in the oil and gas industry.
The memorandum was signed by ODK-Gas Turbines managing director Igor Yudin and Kerui Group vice president David Wu. The agreement between the two parties will open the Southeast Asian market for the Russian company and the CIS market for the Chinese partner.
Enterprises in the holding company Rostec are in active cooperation with Chinese partners. Asian investors have taken part in financing the development of Russia’s largest copper mine, the Udokan mine (Rostec has a 25% share in the project). Also, for example, during a recent visit to China, Russian President Vladimir Putin discussed the production in China of the Mi-26 heavy helicopter, designed by Russian Helicopters.
In 2012, Russia and China signed a contract worth around $700 for the supply of 140 AL-31F aero engines, which are produced at ODK factories. The two parties also reached an agreement for the supply of the Amur-1650 diesel-electric submarines.
In 2013, Beijing acquired more than $1.8 billion of Russian military technology. A large segment of this military-technical equipment came from enterprises forming part of the state corporation Rostec, including the Ufa Engine Industrial Association, Research and Production Association Saturn, Aircraft Engine Factory, and enterprises of the concern KRET.
In 2013, an agreement was reached on the number of Su-35 fighters to be provided to the Chinese Air Force (24 planes with three spare engines for each). A few unresolved issues remain with these contracts, but it is planned to resolve everything as soon as possible after the visit of delegation headed by Putin.