GERS secures over 149 million roubles for equipment in Tver

GERS Group has purchased new equipment for oil and gas machinery production in Tver, using more than 149 million roubles in preferential financing, the Tver regional government’s press service said on October 16.

According to the regional government, the equipment comprises an automated supersonic spraying system, a computer-controlled milling machine for rotors and cores, a ball-grinding machine and electrical discharge machines.

The regional Industrial Development Fund helped the company arrange federal support. The new equipment is intended to expand metalworking facilities and production capabilities, the authorities said.

GERS develops and manufactures equipment used to locate, explore, assess and prepare hydrocarbon and mineral deposits for development. Its products are also used for other operations in oil and gas wells.