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.
RMA Pipeline Equipment is a producer and supplier of structures and high-quality pipeline equipment as well as controlling and measurement technologies and special components for gas, water and heating supplies.
The company’s annual sales make 150 million euro in Europe and 50 million euro in Russia. The number of its employees totals 500.
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.