HMS Group signs Rub 900 million compressor contract
Moscow, Russia – February 16, 2017 - HMS Group (LSE: HMSG) announces today that it has signed a contract for delivery of compressor equipment worth almost Rub 900 million.
Kazankompressormash (KKM) will produce and deliver the compressor equipment, including a gas transportation unit, to an oil & gas condensate field, situated in the Yamal region, Russia. The project is to be completed in the first quarter of 2018.
HMS Group (LSE: HMSG) is the leading pump and compressor manufacturer, as well as 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. 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, providing pumps, oil & gas equipment and compressors. HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.
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