General Electric Company

PJSC Rosneft, GE Energy Power Conversion Technology Ltd. and Applied Engineering and Training Center Sapphire LLC signed a License Agreement for the use of Integrated 15 MW steerable propeller technology of high ice class during the VI Eastern Economic Forum. The agreements will contribute to the extension of further local content of component equipment of ice-class marine vessels which are under construction at the Zvezda shipyard. Production of 7.5 MW steerable propellers has already been established at the site of LLC VRK Sapphire Plant.

02 September 2021

Rusatom Healthcare, a member of Rosatom State Corporation, will be engaged in the production of medical equipment of GE Healthcare, a subsidiary of General Electric, USA, a producer of locomotives, power plants, aircraft engines and other equipment.

04 June 2021

Andrei Murov, the head of the Federal Grid Company (FGC, part of Rosseti) and Ron Pollett, the head of General Electric in Russia and the CIS discussed plans to localize the production of electrical power equipment in the Russian Federation, as well as prospects for its use in power grids as part of work on digitalization of the power grid complex. This news is reported in the statement of FSK.

29 May 2019

Inter RAO expects that its JV, founded together with GE, will manufacture its first localized gas turbine in 2025. The company also wants to provide after-sales service, said two sources to RIA Novosti following a meeting of the company's management with analysts and investors.

05 December 2018
RIA Novosti

Andrey Vorobyev, governor of the Moscow region, has opened a new production of General Electric medical equipment in the city of Lyubertsy, where modern computer tomographs and ultrasonic scanners will be manufactured, the press service of the governor and the regional government reports.

"On December 21, Andrey Vorobyev, governor of the Moscow region, launched a new production of General Electric medical equipment at the site of MTL, AO in the Lyubertsy urban district," the report said.

21 December 2017

General Electric is considering the possibility to localize its production of electric grid equipment in Russia, as the Company’s statement said.

GE and Elektroapparat, a high voltage equipment plant, signed an agreement of intent aimed at assessing the possibility to localize the production of electric grid equipment and components for the power grid complex in Russia.

22 August 2017
RIA Novosti

North Caucasus Development Corporation, JSC (NCDC, Vnesheconombank Group) and GE Healthcare signed an agreement on intent, at the St. Petersburg International Economic Forum (SPIEF), to implement a project for creating an innovative medical cluster in Caucasian Mineralnye Vody, NCDC press service announced.

01 June 2017

The Corporation of North Caucasus Development and GE Healthcare, one of the world’s leading producers of hi-tech medical solutions, intend to cooperate in the establishment of an innovation medical cluster in Caucasian Spas, the Russian company’s press office said.

The agreement of intent was concluded within the framework of 2017 St. Petersburg International Economic Forum held in Russia. The document provides for the cooperation of the Corporation of North Caucasus Development and GE Healthcare in the creation of working groups engaged in the project’s implementation.

The parties also agreed to jointly determine perspective areas and key requirements to technical equipment of the medical cluster’s facilities, as well as to define possibilities for the introduction of all sorts of advanced technological solutions.

01 June 2017

More than 100 new jobs will be created at the General Electric Healthcare’s new plant for the production of medical equipment, the opening of which is planned in Lyubertsy in the autumn of 2017, as Interfax was informed in the press office of the Lyubertsy Town Administration.

15 May 2017

Rosneft and the American concern General Electric (GE) agreed to extend their cooperation in the development and introduction of digital products, process solutions for marine engineering and the use of standard designs, the statement of the press office of the Russian company says.

Rosneft OC PJSC, Sibintek IC LLC and GE signed the trilateral agreement for the commencement of work on establishing a joint venture to promote advanced standards of the Industrial Internet of Things and digital solutions among the enterprises of Rosneft OC PJSC and in the Russian oil and gas industry. The project implies the establishment of a joint venture in Russia, which will develop and introduce digital products and services,” the statement says.

In 2013, Rosneft and GE entered into the strategic cooperation agreement on implementing innovative technology projects. In 2015, GE and Rosneft established the joint venture Experimental Engineering and Training Centre Sapfir, with its main task of Rosneft projects development using the advanced technologies of GE. The complex Zvezda is the location of the following two joints ventures of Rosneft and GE: Steerable Thruster Plant Sapfir LLC and Ship Electrical Equipment Plant Sapfir LLC. The companies also set up the joint venture Wellhead Fittings Plant Sapfir in the Murmansk Region.

30 January 2017
RIA Novosti

President of Transmashholding Andrey Bokarev and CEO of General Electruc in Russia and CIS Ron Pollett think that the plants, products will be sold not just in Russia but also in the international market.

17 June 2016

General Electric intends to start an enterprise to produce ship equipment in Primorye jointly with Rosneft. The official start of the project is to take place at the Second Eastern Economic Forum in the beginning of September. The Ministry for Development of Russian Far East reported so upon the results of the negotiations of the Minister for Development of Russian Far East Aleksandr Galushkin and Ron Pollett, President and CEO of GE in Russia and CIS at the Saint Petersburg International Economic Forum (SPIEF-2016).

17 June 2016

Rosneft and General Electric agreed to expand the programme of innovative technologies in oil and gas sector and marine engineering in Russia. Russian company announced the news on Friday.

Agreements also include potential construction of a Christmas tree production plant in the Russian Federation. Rosneft stresses that the two companies may build a joint venture for production of naval pod drives in the Primorye Territory.

CEO of Rosneft stated that cooperation between Rosneft and GE is an alliance of strategic importance. He added that localization of western technologies lays the course to modernization of Russia’s oil and gas industry.

Rosneft and GE signed their first agreement to build joint ventures in February 2014. The American company has been running business in Russia for almost a century. More than 1,500 GE employees are working in Russia and the CIS. The company’s regional headquarters is located in Moscow.

03 September 2015

In the course of the XIX St. Petersburg International Economic Forum (SPIEF) General Electric (NYSE: GE) reached new agreements with its strategic partners in Russia to expand its advanced technology localization program and promote demand for Russian-made products. The agreements envisage the implementation of projects that address the key infrastructure challenges of the Russian Federation in the oil and gas sector, electricity, transport machine building and healthcare.

“The strengthening of mutually beneficial collaboration with our Russian partners confirms the company’s commitment to long-term development plans and GE investment program in the region. We are proud of our involvement in infrastructure modernization, creation of new jobs and possibility to provide our Russian partners with state-of-the-art technologies facilitating their continued growth and improvement in efficiency,” said Ron Pollett, President and CEO, GE in Russia and CIS.

In the oil and gas sector:

Pursuing technology cooperation within the framework of the joint R&D center, GE and Rosneft signed a project agreement to develop a heat-exchange unit with improved performance for LNG facilities and create industrial prototypes of such units.

GE and Itera (a 100% subsidiary of Rosneft) signed an agreement of intent to explore possibilities for cooperation in natural gas processing with the use of GE solutions for small-tonnage LNG production.

The initiatives are part of GE’s previously updated general plan to invest $1 billion in Russia’s oil and gas sector by 2020.

In electricity

GE and Rosseti reached the agreement to explore possibilities for cooperation in the implementation of joint projects with the use of GE’s high-technology electrical equipment for the modernization of the Russian power grid.

As part of the program to involve Russian manufacturers of components for power engineering equipment, Russian Gas Turbines (RGT), a joint venture between GE, Inter RAO and ODK, and Elsib signed a memorandum of understanding to qualify and organize supplies of 90-MW generators to be used in the GE 6FA gas-turbine unit localized at RGT’s Rybinsk-based company. The company began operations in October 2014; its annual capacity is 14 gas-turbine units. The first localized turbine is to be manufactured at the end of 2015.

In transport machine building

As part of an earlier arrangement, GE and Transmashholding (TMH) have announced a joint project to localize the production, assembly and maintenance of GE diesel engines at the TMH facility in Penza. The engines are designed for locomotives, civil sea vessels and Russian industrial facilities.

To further expand scientific and technical collaboration within the framework of strategic partnership, GE and Rosneft agreed to carry out joint activities in the localization of technology and production of electric propulsion systems for civil sea vessels operated by Rosneft and other Russian customers.

In healthcare

GE and the Government of the Moscow Region signed an agreement for GE to locate its production facility to manufacture medical equipment in the Moscow Region. GE and its strategic partner Medical Technologies Ltd. thus plan to considerably expand the lineup of medical equipment localized in Russia to facilitate access of the local population to high quality medical services.

18 June 2015

Within the scope of the XIX St. Petersburg International Economic Forum, GE Healthcare and the Government of the Moscow Region concluded an agreement providing for expanded production of GE medical equipment in the Region. The agreement was signed by Ron Pollett, President and Chief Executive Director of GE in Russia/CIS and Andrey Vorobiev, Governor of the Moscow Region. The signing was attended by Veronika Skvortsova, Minister of Health of the Russian Federation, and Denis Maturov, Minister of Industry and Trade of the Russian Federation.

The document fixes the agreements reached in December 2013 between GE Healthcare and the Government of the Moscow Region for raising the standard of healthcare and creating the requisite infrastructure in the Region.

In partnership with ZAO Medical Technologies Ltd (MTL), GE plans to concentrate primarily on manufacturing high-tech medical equipment for perinatal centres, including intensive care systems for premature babies, patient monitors, computer tomographs and ultrasound equipment.

Within the scope of its partnership with the Moscow Region, GE also plans to conduct educational programmes for healthcare specialists and to develop programmes for medical equipment maintenance.

Ron Pollett, President and Chief Executive Director of GE in Russia/CIS: “Our company is particularly proud of its participation in developing the healthcare system in this key Russian Region. The given agreement is a new stage in our successful partnership with the Government of the Moscow Region and another practical step towards creating the medical infrastructure and improving the quality of life throughout the country.”

18 June 2015
76.2 mln
Jobs: 50
Moscow region, Yaroslavl region, Primorsky Krai

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General Electric Company

Connecticut, USA

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Public company (NYSE: GE)

Contact: Mr Ferdinando Becalli-Falco, Chief Executive Officer International

General Electric Company (GE) operates as a technology, engineering, media and financial services company worldwide.