FIT and NIK form joint venture to open up Russian Additive Manufacturing market
November 16, 2017
FIT Additive Manufacturing Group, Lupburg, Germany, has partnered with Russian research and engineering company NIK Ltd to form a new joint venture company aimed at opening up the Russian market for Additive Manufacturing.
The new company, FITNIK, will be based in Zhukovsky, Russia, with production at the site expected to be fully operational within two years. Zhukovsky, 30 km south of Moscow, is known as an important Russian aircraft centre for scientific research and development. This carefully chosen location is said to be an environment for creative innovation and allows access to excellent engineering expertise and talent.
“Through FITNIK, we gain incredible synergy,” stated Carl Fruth, Founder and CEO of the FIT Group. “Not only are we able to penetrate the Russian market very quickly via access to many target markets, this joint venture also gives us the opportunity to offer our international customers qualified additive engineering at very competitive prices. We are happy to team up with NIK.”
Alexander Korneev, NIK CEO, added, “By creating this joint venture, we are ensuring a robust manufacturing process, incorporating the entire chain of product creation with the help of additive technologies — from designing, according to the customer’s specifications, to production implementation, certification, and post-production support. FITNIK combines the expertise of two leading companies regarding additive design and manufacturing, thereby allowing for the realisation of truly comprehensive services.”