HMS Group to provide Transneft with trunk pipelines equipment

HYDROMASHSERVICE, a subsidiary of HMS Group, won a tender, announced by Transneft, for production and delivery of a large run of pig trap stations that will be manufactured at Dimitrovgradkhimmash. 

The equipment will be used for launching and receiving scrapers – detectors and other tools for cleaning and diagnostic of trunk pipelines.

Transneft is one of the major customers of the oil and gas equipment produced by the Group subsidiaries. Along with production and delivery of the equipment, the Group renders overhaul and modernization services of the pumping equipment installed on the different facilities of the Customer. In November 2011 the Group signed another contract with Transneft for service, maintenance and replacement of the pumping equipment in accordance with the Customer`s Complex Program of trunk pipelines facilities reconstruction and overhaul.  

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. The Group reported revenues of RUB 20 billion, adjusted EBITDA of RUB 4.4 billion and profit for the period of RUB 2,9 billion for the nine months ended September 30, 2011. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.