Moscow, February 16, 2017
HMS Hydraulic Machines & Systems Group plc
(the “Company”, and together with its subsidiaries, the “HMS Group”)
HMS Group signs Rub 900 million compressor contract
Moscow, Russia – February 16, 2017 - HMS Group (LSE: HMSG) announces today that it has signed a contract for delivery of compressor equipment worth almost Rub 900 million.
Kazankompressormash (KKM) will produce and deliver the compressor equipment, including a gas transportation unit, to an oil & gas condensate field, situated in the Yamal region, Russia. The project is to be completed in the first quarter of 2018.
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About HMS Group
HMS Group is the leading pump and compressor manufacturer, as well as the provider of flow control solutions and related services for the oil and gas, petrochemistry, nuclear and thermal power generation, water and wastewater sectors in Russia and the CIS headquartered in Moscow, Russia. HMS Group’s products are mission-critical elements of projects across a diverse range of industries. HMS has a listing on the London Stock Exchange in the form of global depositary receipts (LSE: HMSG).
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