OJSC “HMS group” will deliver pumping equipment for the enterprises of OJSC “LUKOIL”

CJSC “GIDROMASHSERVICE”, a part of OJSC “HMS Group”, has won the tender of OJSC “LUKOIL” to deliver pumping equipment for the enterprises of its subsidiary company OJSC “LUKOIL-Western Siberia”.

The tender results stipulates that CJSC “GIDROMASHSERVICE” supplies the oil company with pumps type CNS for formation pressure maintenance in the process of oil extraction. The pumping equipment will be manufactured and delivered to the territorial industrial enterprises of LLC “LUKOIL-Western Siberia” – “Kogalymneftegaz” and “Urayneftegaz” in the third quarter of 2009. The volume of the supply exceeds RUB 30 million.

OJSC “LUKOIL” is one of the major consumers of pumping and oil and gas equipment manufactured by the enterprises of HMS Group. In 2008 this oil company purchased various oil and gas equipment for the total amount of more than RUB 300 million.

OJSC “HMS Group” (up to September, 2008 – LLC “Investment Industrial Group “Hydraulic machines and systems”) holds the strong position in the production of pumps for oil and gas industry, electric power industry, housing and public utilities, water industry and other branches of economy. It is one of the leading manufacturers of oil and gas equipment and a rapidly developing company in the sphere of engineering and construction services for oil and gas complex. The Group’s assets include 7 machine building enterprises (OJSC “Livgidromash”, OJSC “Livnynasos”, OJSC “Bavlensky Plant “Elektrodvigatel”, OJSC “Neftemash”, CJSC “NPO “Gidromash”, OJSC “Plant “Promburvod”), oil service enterprise “Nizhnevartovskremservice”, construction and assembly company OJSC “Tomskgazstroy”, engineering company OJSC “Trust “Sibkomplektmontazhnaladka”, technical research centers and joint sales company CJSC “Gidromashservice”.

In 2007, the Group’s sales volume under the IFRS reached RUB 13.4 billion, EBITDA – RUB 1.5 billion, net profit — RUB 0.5 billion. The financial statements under the IFRS over 9 months of 2008 are as follows: sales volume – RUB 11.2 billion, EBITDA – RUB 1.5 billion, net profit – RUB 0.5 billion