Borets company history can be traced back to more than 105 years.

The company was founded by a German businessman Gustav List in 1897. The plant produced at first man-powered firewater pumps, and then piston and rotary pumps.
In 1910 specialists of the plant developed the first unit for compressed air supply, putting the start for inland compressor manufacturing.
Having won the projects tender the plant designed and manufactured 20 unique propeller pumps of high capacity for the Moscow-Volga channel locks, which are still fit for use and remain in service.
In the years of the Great Patriotic War the plant manufactured rockets for the famous "Katyusha" and ammunition for large-calibre mortars. Hero of the Soviet Union Zoya Kosmodemyanskaya worked at the plant in 1941.
After World War II the machinery produced by Borets helped to restore the damaged coal mines of Donbass, the oilfields of Grozny, Ukraine's industry enterprises. The plant began to export its production.
Borets was the first company in Russia, which in 1951 started manufacture of submersible centrifugal pumps designed for oil production. The main part of Russian oil is produced now with their utilisation.
In 1990s Russia started serial manufacture of Ni-resist double-thrust stages made of wear-corrosion resistant cast iron that possess better reliability.
In 1998 serial manufacturing of the original design gas separators was started at the plant, providing operation possibility for using submersible centrifugal pumps in the wells with increased gas content. Serial manufacturing of hydro-protectors with increased reliability for submersible electric motors was started.
In 2000 design and serial manufacturing of electric switchboards for submersible electric motors control was started. Powder metallurgy manufacturing of the stages for submersible centrifugal pumps and production of the most modern submersible electric motors for centrifugal pump systems were started.