# TEMZ invests over 1 billion rubles in Gazprom equipment production in Tomsk

Tomsk Electromechanical Plant (TEMZ) has invested more than 1 billion rubles in a new production facility making equipment for Gazprom, with a total project investment of 1.5 billion rubles. The project includes a joint venture to produce anti-surge and control valves and electric drives.

- Type: Investment
- Announced: 2017-03-24
- Where: Tomsk, Russia
- Value: $26.0M (1.50B RUB)
- Status: under construction
- Products: anti-surge valves, control valves, electric drives
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [TEMZ](https://endata.com/companies/1152.md)
- [Gazprom](https://endata.com/companies/1153.md) (partner)

## Sources

- [kommersant.ru](https://www.kommersant.ru/doc/3250353), 2017-03-24: "В проект создания нового производства по выпуску оборудования для «Газпрома» на площадке Томского электромеханического завода им. Вахрушева (ТЭМЗ) инвестировано более 1 млрд руб."
- [gt-tomsk.ru](https://gt-tomsk.ru/companynews/investproekt-temza/), 2017-03-24: "Инвестиции в этот проект составляют 1,5 миллиарда рублей. Сегодня полным ходом идут строительно-монтажные работы."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.