HMS Group signs Rub 3.9 BN compressor contract
Moscow, Russia – March 14, 2017 - HMS Group (LSE: HMSG) announces today that it has signed a contract for delivery of compressor equipment worth almost 3.9 billion rubles.
Kazankompressormash (KKM) will produce major and accessory processing equipment for reconstruction of gas booster stations at the customer’s oil & gas condensate field. The equipment will be delivered in 2017- 2018.
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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.