A Major Event for Russia’s Power and Energy Sector
In September 2008, the Russian power-production industry will witness a landmark event: the arrival of Dover International Corporation, a leading Western industrial conglomerate with more than 50 years of global market experience. Dover will officially mark its entrance into Russia by hosting Dover’s Day in Russia in Moscow.
About Dover International Corporation
Dover is a global manufacturer of innovative equipment and industrial products, operating through four key segments and over 40 companies worldwide. Its expertise spans electronic technologies, engineering systems, industrial products, and fluid management solutions.
One of Dover’s flagship companies is Waukesha Bearings, a world leader in bearing technologies and solutions for turbomachinery.
To learn more about Dover’s expansion into Russia, we present an exclusive interview with Pavel Goldman, President of Waukesha Bearings’ Moscow branch.
Why Dover Chose to Enter the Russian Market
According to Pavel Goldman, the decision was driven by Russia’s position as one of the fastest-growing global economies. Unlike China, Russia’s power industry relies heavily on domestic mechanical engineering, creating strong demand for component suppliers in the power, oil, and gas sectors.
“No international company focused on growth can ignore Russia’s market potential,” Goldman explains.
Dover’s Global Structure and Strategic Priorities
Dover operates more than 50 companies worldwide, serving markets in:
Electronic technologies
Engineering systems
Industrial products
Fluid management solutions
Its top priorities include expanding global reach, leveraging technology synergies, and making strategic investments to remain a leader across industries.
Key Priorities for Entering Russia
Dover’s main tasks in Russia include:
Introducing Russian clients to Dover’s products
Understanding local market needs and business culture
Building partnerships with leading companies
Establishing long-term relationships with power, oil, and gas producers
Dover’s Outlook on Russia’s Economy
Dover’s leadership views Russia’s economy as healthy, stable, and rapidly growing, particularly in the power sector. Strong infrastructure investment is expected to continue for the next decade, presenting significant opportunities for component suppliers like Dover.
Waukesha Bearings’ Role in Russia
The Moscow office represents Dover’s first direct corporate presence in Russia. While focusing on Waukesha Bearings products and services, the office also supports other Dover brands such as OPW and the Pump Solutions Group, helping them enter the Russian market.
Dover’s Day in Russia: Event Highlights
Date: September 10, 2008
Location: The Metropol Hotel, Moscow
Attendees: Senior Dover executives, Russian government officials, equipment manufacturers, and major oil & gas companies
The program will feature industry reports, product introductions, and discussions on business cooperation. The official session will conclude with a reception and concert.
Who Will Represent Dover at the Event
Senior executives, including Bill Spurgeon, CEO of Dover Fluid Management, along with technical and commercial leaders from various Dover companies, will attend the event.
Russian invitees include Gazprom, Rosneft, Transneft, BP, and leading manufacturers of turbines, generators, compressors, and pumps.
Competition and Market Position
Goldman notes that while competition exists in every sector, Dover views it as a driver of innovation and improvement. For Waukesha Bearings, the focus is on delivering advanced fluid film and active magnetic bearing systems that outperform standard OEM solutions.
About Waukesha Bearings
Founded in 1946, Waukesha Bearings specializes in:
Friction bearings
Magnetic bearings
The company serves global leaders such as Siemens, GE, Alstom, Mitsubishi, and Solar Turbines, with applications in centrifugal compressors, gas and steam turbines, and expanders. Waukesha operates research centers and facilities in the US, UK, Mexico, Russia, Japan, China, and beyond.
Dover’s Unique Business Culture
Goldman, who has been with Dover for over four years after working at General Electric, highlights Dover’s culture as a balance of entrepreneurial spirit and structured performance metrics. The PERFORMANCE COUNTS system ensures each operating company maintains world-class standards while pursuing its own strategy.
What Dover Offers the Russian Power Industry
Dover and Waukesha Bearings aim to provide high-quality component parts that:
Boost competitiveness of Russian manufacturers without replacing local manufacturing practices.
Enhance production efficiency by allowing companies to focus on core processes while outsourcing specialized components.
A Message to Russian Clients
Goldman concludes:
“We want to build partnerships that expand opportunities for all. By working together, we can achieve results greater than the sum of our individual efforts.”
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