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HMS Groups subsidiary certified by Chinese nuclear safety regulator

Nasosenergomash, one of the subsidiaries of HMS Group, received design and production quality certificates for its pumps for nuclear power plant applications from Chinese National Nuclear Safety Administration (NNSA). These certificates (in effect till 2017) are mandatory for foreign companies participating in the projects of Chinese nuclear industry.

Starting from late 90-s Nasosenergomash delivered a large number of high-end pumps for 1st and 2nd stages of Tianwan nuclear power plant in China. Pumping equipment produced by Nasosenergomash is operated on the majority of Russian and on several nuclear power plants abroad.

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. 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 33.7 billion, adjusted EBITDA of RUB 6.2 billion and profit for the period of RUB 2.3 billion for the 12 months ended December 31, 2012. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.

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