June 11, 2021

Novomet to participate in RENWEX 2021

The Renewable Energy & Electric Vehicles International Exhibition and Forum, commonly referred to as RENWEX, will be held at EXPOCENTRE in Moscow on 22–24 June 2021.  The 3-day exhibition and forum gives visitors the opportunity to learn about new developments in renewable energy and electric vehicles.

The exhibition will feature equipment and technologies that both consume and generate energy from renewable energy sources, including wind, solar, hydro, geothermal, and biological energy. Electric vehicles will be a focus, as will products and services related to installing, commissioning, and maintaining various types of equipment.

More than 300 representatives of governmental bodies and more than 100 experts will take part in the exhibition and forum.

More than 60 companies will show their solutions and technologies. Among the participants of the exhibition are Huawei Technologies, WRS Towers, Novomet, Vector-Battery, Volt-SPb, DKC, Zelenodolsk Electrotechnical Plant, Kosmos-Neft-Gaz, MicroART, Novy Polyus, Avtonomye Resheniya, Promenergo, Systemy Postoyannogo Toka, Smart Batteries, and Energy Center among others.

The exhibition will present more than 50 brands from 10 countries, including Fronius, Delta, Froling, Victron Energy, and Hoppecke.

Novomet will exhibit its latest green-energy related technologies and innovative developments. The main feature in the Novomet booth will be its Geyser geothermal submersible pumping system, an energy-efficient thermal-corrosion-resistant system for lifting water from geothermal reservoirs. The Geyser pumping system has been widely deployed in geothermal projects in Turkey with expansion into Iceland ongoing.

Novomet is located in booth 3D52 during RENWEX. The booth can be found on Level 1 of Pavilion No. 3 at EXPOCENTRE.

Wil Faubel Novomet USA

Wil Faubel Named President of Novomet USA

Novomet announced today that Wil Faubel has joined the company as President of Novomet USA. In this newly created role, Wil will be responsible for guiding company strategy in the US to impact growth. He has more than 40 years of leadership experience in oil and gas with positions at Hughes Christensen, Centrilift, Baker Atlas, Baker Hughes Corporate and Borets among others.

“We are pleased to welcome Wil Faubel to the Novomet family as President of our US operations. As a highly respected executive in oilfield services and artificial lift, Wil is a transformational leader with a strong track record of delivering significant growth,” said Polina Plotnikova, Vice President International, Novomet. “His leadership and industry experience, client relationships and organizational development expertise will be an invaluable resource for our US team as we continue to grow in North America.”

Wil joins Novomet from Borets, where he spent the last four years as Senior Vice President and President. Before joining Borets, he was Chief Commercial Officer and Senior Vice President of Global Business Development for MHWirth, formerly Aker Solutions Drilling Technologies. Wil holds a Bachelor of Science degree in Mechanical Engineering from Southern Methodist University.

February 9, 2021

Novomet Celebrates 30 Years, Targets New Technologies

On February 5, 2021, Novomet celebrated its thirtieth anniversary. The company meets this milestone in good shape with recent increases in export potential to meet the growing global demand for its innovative technologies. Novomet will soon open its own cable production facility and is actively developing offerings to help drive efficient, responsible energy production.

The company was founded in 1991 as a manufacturer of pump stages for use in oil production pumps. Through a differentiating powder metallurgy manufacturing process, Novomet developed and supplied pump stages that consistently outperformed those offered by its competitors. The company leveraged its superior technological advantages to expand its offerings to pumps, motors, and other systems used to improve oil production.

Today, Novomet is a large oilfield services holding with service bases around the world. Its growth can be directly linked to its commitment to technological advancement. In recent years the company has led its Russian competitors in both product volume and exports.

A strong engineering backbone and cutting-edge test facilities in Perm and Moscow enable Novomet to compete with world market giants. For more than a decade, innovative products have represented more than 25% of total products sold and have enabled Novomet to enter highly competitive international markets. The company is well positioned to transform itself to meet the changing needs of energy production. It will focus on technological developments in new areas and continue to drive toward ever-greater efficiencies.

In a statement, Novomet CEO Maxim Perelman said, “Over half of our company revenues now come from foreign markets, and our percentage of exports continues to grow. Novomet is recognized as a leading innovator in the oil industry and we are not going to stop here. We have made it a goal to diversify the business by going in some completely new directions. In five years, we expect one-third of sales to come from new areas such as wind and geothermal energy. By way of example, our Geyser geothermal pumps have proven their efficiency and are now in high demand in European countries.”

He explained that, “We have a new downhole power cable production facility scheduled to open later this year. It will meet our current cable needs and enable us to enter the high-temperature power cable market. We are currently developing multiple cable types, including cable needed in green energy applications.”

Evgenii Poshvin, VP Russia and CIS, stated that, “The world is entering a global energy transition to renewable sources. There is a rapid turn towards green energy, decarbonization, and reductions in global consumption of hydrocarbons. Novomet has a pool of highly efficient technologies that will help us maintain and strengthen our leadership position in the global market.”

In talking about the future, he continued, “The ability to change rapidly and adapt to the needs of global markets is a trait that every company should have in the coming decade. We are constantly innovating to improve our technologies, our processes, and our quality while increasing efficiencies at our main site in Perm and in all remote locations.”

Three decades of Novomet have included ups and downs, periods of economic instability, and multiple crises. During that time, the company has updated its manufacturing capacity, implemented new technologies, and opened service bases to meet demand. Today it is developing new technologies related to green energy. Through all the change over the last thirty years, one thing remains the same. That is the drive to work hard, to move forward, and to be at the forefront of progress.

Happy anniversary, Novomet!

February 5, 2021

Dear colleagues and friends,
Congratulations on the 30th anniversary of Novomet!

Whatever challenges we have faced throughout our history, we have persevered and worked to find optimal solutions. In times of crisis, we launched new products, developed new niches, expanded to new countries, and found new opportunities for development. The greatest strength of Novomet is our ability to change! Our willingness to learn and constantly improve has made us the world-class company we are today. Understanding what made us who we are and believing in our potential, we look confidently into the future.
The world is changing rapidly, giving us yet another opportunity to make a place for ourselves at the forefront of progress. Novomet people have always distinguished themselves through incredible dedication, staying focused on results, being fearlessly creative, and committing to collaboration. Thank you for the part you have all played in making Novomet what it is. Thank you for your loyalty. Your honest and hard work, your perseverance, and your patience are to be commended! As we step into tomorrow, may the work we do bring us all happiness, fulfillment, and pride!
Happy birthday, Novomet!
And happy anniversary, friends!