German RMA Pipeline Equipment launches its largest plant in Russia

May 15, 2014

German producer RMA Pipeline Equipment has launched its largest plant in the Alabuga special economic zone in Russia’s Volga River republic of Tatarstan, ITAR-TASS reported on May 14. Declared investments in the Alabuga production project of ball valves for needs of oil and gas industry have made 1.7 billion rubles (around $48.7 million). The plant’s annual capacity will make 11 thousand ball valves.

Russian gas giant Gazprom is RMA largest partner in the country. The project will be implemented in several stages. At first stage RMA Pipeline will invest 1,118 billion rubles (around $32 million) in the production of 500mm ball valves which will start in 2014. The other part of declared investments will be used for manufacturing 700 and 1,400mm products which will be turned out starting from 2016 and 2021, respectively.

According to forecasts of RMA Rus, a RMA subsidiary in Russia, the annual output will permit to the enterprise to provide for a 50% market share within next ten years.

Copyright: ITAR-TASS, 2014