Hydromashservice- the trading company of HMS Group- signed a contract for production and delivery of a large set of pumping equipment for Siberian Generating Company.
According to the contract, HMS Group will manufacture and deliver high performance feed and condensate pumps of PE, Ks and KsV types for 4th and 5th generating units of Belovsk regional power station and 4th and 5th generating units of Tom-Usinsk regional power station that are currently under reconstruction.
Previously this year HMS Group signed two contracts with Siberian Generating Company for production and delivery of feeding and circulation pumps for Abakan TPP.
The HMS Group is the leading pump manufacturer and provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS. The HMS Group’s products are mission-critical elements of projects across a diverse range of industries. It has participated in a number of large-scale infrastructure projects in Russia, including providing pumps and modular equipment to the Vankor oil field and pumping stations on recent trunk pipelines projects linking Russia’s core oil producing areas to export ports on the Pacific Ocean and Baltic Sea. The Group reported revenues of RUB 14.9 billion, adjusted EBITDA of RUB 2.5 billion and profit for the period of RUB 1 billion for the 6 months ended March 31, 2012. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange