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Poster on Russia’s localization policy with President Putin’s picture

The partners involved in the joint venture are: From left: Transneft
Transneft Oil Pumps facilities: production area • Transneft PJSC (51%), the local giant company PJSC’s Chairman,
Nicolay Tokarev (with
managing pipeline transport in the country;
H aving good references, finding the • components for the oil & gas sector; Russian President,
his arm up) and
Konar CJSC (24%), a local manufacturer of key
•
Vladimir Putin, in front
right partners and being perseverant
Termomeccanica Pompe (25%), the foreign
of a pump produced
by TOP
are key ingredients to establish a
company chosen as technological partner.
successful joint venture in Russia.
Pompe’s
Termomeccanica
th
inaugurated in the presence of the Russian Prime
experience in the country dates back
Minister, Dmitry Medvedev.
to the Seventies. Over the years, it gained the reputation On April 25 2016, Transneft Oil Pumps JSC (TOP) was
of a reliable supplier for both new products and after- Following the Russia-Kazakhstan Interregional
sales service, and, in 2013, it opened its first local Cooperation Forum which took place in Chelyabinsk on
company based in Moscow in order to better evaluate November 9 2017, TOP received another prominent
th
the market and create a logistics / sales base. That, visit, that of the Russian President himself, Vladimir
however, was only the beginning. Putin. Both visits testify to the crucial importance of this
In 2014, Termomeccanica came in contact with an company for the government’s industrial localization
important local company and got involved in setting up program undertaken several years ago in sectors
a joint venture whose aim is to engineer, manufacture considered “strategic” following the international
and test pumps for the oil&gas market, in compliance sanctions resulting from the Crimea crisis, which
with Russian and international standards. started in 2014.

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