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HMS Group to produce pumping equipment for Norilsk Nickel

HYDROMASHSERVICE, a susbisidiary of HMS Group, has won a tender by Norilsk Nickel for delivery of a bulk of pumping units for Norilsk-Taimyr Energy Company – NTEC (Norilsk city).

The pumping equipment will be produced by Nasosenergomash, a subsidiary of HMS Group. These powerful pumping units PE 580-195 and SE 5000-70-5 are designed for two thermal power plants (TPP-2 and TPP-3) that are included in the structure of NTEC.

Norilsk Nickel is a key customer of HMS Group. The company has been constantly placing orders for the equipment produced by HMS Group companies such as main-line pumps of SE type, overhung pumps of K type and multi-stage horizontal centrifugal pumps.

NTEK is an operating company comprising energy assets of Norilsk Nickel and Taimyrenergo. Main areas of NTEC activity are production, delivery and distribution of electric and thermal energy as well as extraction, purification and distribution of service and drinking water in Norilsk industrial area.

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 7.1 billion, adjusted EBITDA of RUB 1.6 billion and profit for the period of RUB 1 billion for the three months ended March 31, 2011. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.

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