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AKOM Group is planning an expansion

20 June 2019

On June 18, a joint delegation of AKOM Group and Eternity Technologies had a meeting with the local administration, to present their new project, aimed to launch the production of industrial batteries. Eternity Tech is one of the world leaders in the sphere, while AKOM is the leader of the Russian market, prepared to contribute its own assets and local expertise into the new venture.

The application of the new industrial-type batteries is versatile: from telecom to energy storage, requirements of the national railroads and the metro service.

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A. Buzinnyi, the deputy head of the city in charge of finance, economy and development, presented to the delegation members the most important benefits of doing business in Togliatti, especially in view of the status of the Priority development area of the city. Mikhail Zhdanov, the Minister of industry and trade of Samara region, pointed out that the approved Strategy of development of the region envisages further development of the automotive cluster, and the launch of such a project would be yet another step towards attainment of that goal.

In his turn, Dr. M. Stevenson, the CEO of Eternity Technologies, has made it very clear that the company already having its production premises in 8 countries around the globe, is very enthusiastic about establishing itself in Russia, and sees the local market as extremely promising, especially jointly in cooperation with its Russian partner AKOM and the support of the minicipal and regional authorities.

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