Moscow, Russia – US-based Waukesha Bearings Corporation and Russian-based state owned enterprise VNIIEM (All-Russian Scientific Institute of Electro-mechanics with a plant named after A.G. Iossifian) have finalized a long-term strategic alliance agreement. The agreement includes provisions to conduct joint development, manufacturing and commercialization of active magnetic and fluid film bearings for compressors, turbo expanders and other turbomachinery for oil & gas, power generation and other industrial markets. The signing ceremony took place in Moscow on July 9th and was attended by Waukesha and VNIIEM management as well as a representative from OAO Gazprom, the world’s largest natural gas company.
Waukesha Bearings is a leader in the design and manufacturing of fluid film and active magnetic bearing solutions for turbomachinery. The company has engineering, sales and manufacturing locations in the US, UK and Mexico as well as representative offices in China, Japan and Italy. As an integral part of the strategic alliance agreement, Waukesha Bearings is opening a branch office in Moscow.
VNIIEM is a leading worldwide multi-discipline enterprise performing a full range of research and development, design and manufacturing of high-tech electro-mechanical products, including magnetic bearing systems.