HMS Group announces winning an international competitive bidding for EUR 18 mn contract for Jiangsu Tianwan NPP (China)

Moscow, Russia – September 3, 2012 – HMS Group (LSE: HMSG), the leading Russian pump manufacturer and provider of flow control solutions and related services in Russia and the CIS, announces today that it has been awarded the international competitive bidding held by China Nuclear Energy Industry Corporation on behalf of Jiangsu Nuclear Power Corporation with the total СIF bid price of EUR 18mn ($22.5mn).

In accordance with the bidding terms, HMS shall sign a direct contract with Jiangsu Nuclear Power Corporation for production and delivery of high/low pressure emergency injection pumps driven by electrical motor, spray water pumps and intermediate cooling water pumps for Units 3&4 of Jiangsu Tianwan Nuclear Power Plant (JTNPP) located in China.

Launched in 2007, The JTNPP is so far one of the largest industrial projects between China and Russia, and was listed among the “Key Nuclear Power Projects” in China’s “Ninth Five-Year Plan Program”.  Previously, HMS supplied a set of engineered pumps for the Units 1&2 of the JTNPP.

The pump systems produced by HMS Group for nuclear power industry were installed on a number of Russian and overseas power plants, including Rostov, Kursk, Leningrad power stations, Tianwan (China) and Kudankulam (India).

Artem Molchanov, CEO of HMS Group commented:

“I’m pleased to say that we continue our steady international expansion in the target overseas markets. Winning the international bidding for a direct contract with Jiangsu Nuclear Power Corporation demonstrates our proven track record and competitiveness in the technologically demanding areas with the strict safety requirements.” 

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 7.3 billion, adjusted EBITDA of RUB 1.4 billion and profit of RUB 485 million for the 3 months ended March 31, 2012. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.

For further information, please contact:

Investor Relations: Sergey Klinkov, Head of Investor Relations
Phone: +7 (495) 730-6601 x 1302,

Media Relations: Nozima Karimova, Head of Press Service
Phone: +7 (495) 730-6610,

The information contained herein has been prepared using information available to HMS Hydraulic Machines & Systems Group Plc (“HMS Group” or “HMS” or “Group” or “Company”) at the time of preparation of the presentation. External or other factors may have impacted on the business of HMS Group and the content of this presentation, since its preparation. In addition all relevant information about HMS Group may not be included in this presentation. No representation or warranty, expressed or implied, is made as to the accuracy, completeness or reliability of the information.
Any forward looking information herein has been prepared on the basis of a number of assumptions which may prove to be incorrect. Forward looking statements, by the nature, involve risk and uncertainty and HMS Group cautions that actual results may differ materially from those expressed or implied in such statements. Reference should be made to the most recent Annual Report for a description of the major risk factors. This presentation should not be relied upon as a recommendation or forecast by HMS Group, which does not undertake an obligation to release any revision to these statements.
This presentation does not constitute or form part of any advertisement of securities, any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for, any shares in HMS Group, nor shall it or any part of it nor the fact of its presentation or distribution form the basis of, or be relied on in connection with, any contract or investment decision.

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