The enterprise for the production of high-voltage electric motors, RUSSIAN ELECTRIC MOTORS, Joint Stock Company was established in October 2015 in Chelyabinsk with the participation of Transneft (51%) and KONAR, JSC (49%).

The plant will have a complete production cycle of electric motors: components production, assemblage, products testing. Estimated planned quantity of issuing high-voltage electric motors for line and booster pump units at the plant is up to 300 pieces per year.

The first foundation stone was laid by the Chairman of the Government of the Russian Federation D.A. Medvedev during the official ceremony on 25 April 2016 with the participation of President of Transneft N.P. Tokarev and the Director General of KONAR, JSC V.V. Bondarenko. The plant will be inaugurated in 2018.

As a joint venture partner in the framework of a cooperation agreement for development and production of electric motors technological exchange, including employees internship, Nidec ASI S.p.A. (Italy), one of the world production leaders of high-voltage electric motors is involved.