Russia's Commission on Foreign Investments approved Saudi investors acquiring a 20.5% stake in Novomet, a Russian artificial lift equipment maker, for about 5 billion rubles (around $78 million); RDIF will take a 10.2% stake.

CHEMAGREGAT is completing the design of a new plant for pumping equipment and valves in the Center special economic zone near Voronezh. The investment is 200 million rubles and the project is planned to create 60 jobs.

Chelyabinsk Metallurgical Plant, part of Mechel Group, produced 1.2 thousand tons of fittings for Gazprom's Portovaya and Divenskaya compressor stations in the Leningrad Region, supplied via Mechel-Service. Construction completion is scheduled for October 2020.

Udmurtia oil and gas equipment maker Technovek plans to expand its foundry section in Votkinsk with a 297 million ruble project, of which 146 million rubles may come as a concessional loan from the Fund for Industrial Development. The upgrade aims to raise monthly output of gate valves and fountain fittings and to boost exports by 202% by 2023.

German pump maker KSB opened a new 5,000 square metre pump plant in the Indigo industrial park in New Moscow, Russia, with about RUB 750 million of foreign investment and 110 jobs planned.

Czech firm MPower Engineering and PKF SpetsTekhKomplekt signed a memorandum to localize production of valves and pumps in Tatarstan, Russia, creating up to 70 jobs by 2020 with annual output of 2,000-3,000 valve units.

Axios-Jet has completed the first stage of a production line in Krasnoslobodsk making seals and components for shut-off valves, invesing 50 million rubles of a 150 million ruble project. The report is dated 7 February 2019.

Korean Apollo group opened a valve manufacturing plant in Tatarstan, Russia, with an investment of $50 million. The 2,200 square meter facility produces pneumatic actuators and control and shut-off valves, with capacity of up to 7,000 units per year rising to 15,000 by 2021.

Emerson's Metran plant in Chelyabinsk will build a second production building of about 20,000 sq m on the northwest side, with construction starting May 2019 and completion by end-2020; experts estimate costs above $50 million.

Emerson's Metran industrial group will build a second phase of its Chelyabinsk production complex, adding about 20,000 square meters for a total site of 50,000 square meters, with completion planned by the end of 2020. The first phase had an investment of $40 million, and the second-phase investment amount was not disclosed.

Splav corporation won a tender to produce and supply more than 8,000 shut-off safety valves for innovative tank wagons built by JSC TikhvinKhimMash. The first batch ships in November 2018 and production runs through 2019.

Schlumberger opened a plant in the Lipetsk special economic zone to produce components for electric submersible pumps used in the oil industry, with an investment of 3.8 billion rubles. About 20% of the plant's workforce will be robots.

Russian industrial group Metran, part of Emerson, has started production of ASCO solenoid valves series 327 and filter-regulators series 342 in Russia, its first ASCO production there. The products are rated for oil, gas, petrochemical and fertilizer industries.

Austrian company Hawle committed to further localising production in Chaplygin, Lipetsk Oblast, and to launching new products for the Russian market. About 200 million rubles is planned for production, sales and operations in 2019.

Metran, an Emerson-owned industrial group, will build a second production phase at its Chelyabinsk complex, adding about 20,000 square meters to reach roughly 50,000 square meters. Completion is expected by the end of 2020; the investment amount was not disclosed.

Sibenergoresurs group launched production of high-pressure plunger pumps for mining and metallurgy in Leninsk-Kuznetsky, Kemerovo region, with a 160 million ruble investment, using technology from Hauhinko.

Gusar valve plant in Gus-Khrustalny, Vladimir region, is launching a new foundry to start serial production of pipeline valves for Russia's fuel and energy sector in late February 2018. The investment is about 1.7 billion rubles, capacity 7-8 thousand tonnes of steel per year, and 400 jobs will be created.

Ampo Poyam Valves is supplying more than 2,000 engineered gate, globe and check valves to Tecnimont for EuroChem's Kingisepp ammonia plant in Russia. The plant has a design capacity of 2,700 tonnes per day and is due for commissioning in 2018.

Samson Ringo supplied more than 20 pneumatic cage-guided globe control valves for the Yamal LNG plant, which has obtained a commissioning license for its first LNG train.

Ringo Válvulas finished manufacturing more than 500 manual, motor-operated and pneumatic valves for Baltic Shipyard's nuclear icebreaker construction. The scope includes bellow-sealed globe and stop-check valves up to DN300.

Samson's Surgut unit will supply large-diameter pipeline valves for the ZapSibNeftekhim petrochemical complex being built by SIBUR in Tobolsk, Russia. Total contracts with Russian suppliers for the project exceed 220 billion rubles.

Russia's Ministry of Industry and Trade, Moscow Oblast and Germany's WILO signed a special investment contract on 13 October 2017 to modernise pump production, with over RUB 750 million invested and output over RUB 29.5 billion.

A new production line for import-substituting anti-surge valves, control valves and electric drives for Gazprom was launched at the Tomsk Electromechanical Plant on September 5, 2017. Gazprom invested 1.2 billion roubles in the project.

Gazprom is set to purchase 6 billion rubles worth of anti-surge valves and electric drives for the Power of Siberia pipeline from Tomsk Electromechanical Plant (TEMZ), with production starting in September 2017.

Tomsk Electromechanical Plant (TEMZ) is completing a new production line for import-substituting anti-surge valves for Gazprom, with series output expected to start in September 2017 in Tomsk. Gazprom is investing 1.5 billion rubles in the project.

Weir Flow Control France was awarded a contract by Yamgaz to engineer and supply critical service safety valves for the Yamal LNG Project in Russia.

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.

Schlumberger is starting construction of a plant in the Lipetsk special economic zone to produce components for electric submersible pumps used in oil production, with serial production planned by 2018 and an investment of 3.8 billion rubles.

NPO Regulator opened a production facility in Yaroslavl for axisymmetric control valves for the oil and gas industry, a 878.9 million rubles project financed in part by a 150 million ruble loan from the Russian Industrial Development Fund.

Halliburton filed with Russia's Federal Antimonopoly Service over a potential acquisition of an interest in Novomet Oil Services Holding, an electrical submersible pump maker, possibly up to 100%. No agreement had been reached.

Schlumberger plans to begin construction of a plant making stages for electric submersible pumps in the Lipetsk special economic zone, Russia, by end of 2016. Total investment is 3.8 billion rubles, with serial production targeted for Q1 2018.