OJSC “HMS Group” will deliver pumping equipment to the enterprises of Group “TNK-BP”

CJSC “Gidromashservice”, a part of OJSC “HMS Group”, has won the tender for a bulk supply of pumping equipment for the oil extracting enterprises of Group “TNK-BP”.

The pumping equipment, designed for pumping petroleum products, oils and water, is stipulated by the tender conditions to be manufactured and delivered to the enterprises of Group “TNK-BP” by the end of the third quarter of 2009. The first shipments are planned on the second quarter of 2009. The volume of the supply exceeds more than RUB 20 million.

Group “TNK-BP” is one of the main consumers of pumping and oil and gas equipment manufactured by the enterprises of HMS Group. In 2008 this oil company purchased various oil and gas equipment for the total amount of more than RUB 800 million.

OJSC “HMS Group” (up to September, 2008 – LLC “Investment Industrial Group “Hydraulic machines and systems”) holds the strong position in the production of pumps for oil and gas industry, electric power industry, housing and public utilities, water industry and other branches of economy. It is one of the leading manufacturers of oil and gas equipment and a rapidly developing company in the sphere of engineering and construction services for oil and gas complex. The Group’s assets include 6 machine building enterprises (OJSC “Livgidromash”, OJSC “Livnynasos”, OJSC “Bavlensky Plant “Elektrodvigatel”, OJSC “Neftemash”, CJSC “NPO “Gidromash”, OJSC “Plant “Promburvod”), oil service enterprise “Nizhnevartovskremservice”, construction and assembly company OJSC “Tomskgazstroy”, engineering company OJSC “Trust “Sibkomplektmontazhnaladka”, technical research centers and joint sales company CJSC “Gidromashservice”.

In 2007, the Group’s sales volume under the IFRS reached RUB 13.4 billion, EBITDA – RUB 1.5 billion, net profit — RUB 0.5 billion. The financial statements under the IFRS over 9 months of 2008 are as follows: sales volume – RUB 11.2 billion, EBITDA – RUB 1.5 billion, net profit – RUB 0.5 billion.

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