Head of instrumentation division at Hasheminejad refining company Ali Bayat said the device known with Woodward PG-550 trade mark, was being exclusively manufactured by the U.S and European countries with wide use in rotating machinery, high speed and highly sensitive machines.
Bayat said the company has spent just one fifth of the cost it spent already to buy the foreign-made item for manufacturing the device.
The company has saved 3.88 billion Rial by managing to manufacture the device domestically, Bayat told Shana.
Shahid Hasheminejad Gas Refining Company is located in Khorasan Razavi province, northeast of the country.
Bayat concluded that instrumentation division of the company decided to make the device in order to reduce dependency on foreign-made devices, halting foreign exchange exodus and achieving self-sufficiency.
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