Moscow, March 14, 2017
HMS Hydraulic Machines & Systems Group plc
(the “Company”, and together with its subsidiaries, the “HMS Group”)
HMS Group signs Rub 3.9 BN compressor contract
Moscow, Russia – March 14, 2017 - HMS Group (LSE:HMSG) announces today that it has signed a contract for delivery of compressor equipment worth almost 3.9 billion rubles.
Kazankompressormash (KKM) will produce major and accessory processing equipment for reconstruction of gas booster stations at the customer’s oil & gas condensate field. The equipment will be delivered in 2017- 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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