OREANDA-NEWS. September 7, 2012. HMS Group (LSE: HMSG), the leading Russian pump manufacturer and provider of flow control solutions and related services in Russia and the CIS, announces today that it has been awarded the international competitive bidding held by China Nuclear Energy Industry Corporation on behalf of Jiangsu Nuclear Power Corporation with the total СIF bid price of EUR 18mn (\\$22.5mn).

In accordance with the bidding terms, HMS shall sign a direct contract with Jiangsu Nuclear Power Corporation for production and delivery of high/low pressure emergency injection pumps driven by electrical motor, spray water pumps and intermediate cooling water pumps for Units 3&4 of Jiangsu Tianwan Nuclear Power Plant (JTNPP) located in China.

Launched in 2007, The JTNPP is so far one of the largest industrial projects between China and Russia, and was listed among the “Key Nuclear Power Projects” in China’s “Ninth Five-Year Plan Program”. Previously, HMS supplied a set of engineered pumps for the Units 1&2 of the JTNPP.

The pump systems produced by HMS Group for nuclear power industry were installed on a number of Russian and overseas power plants, including Rostov, Kursk, Leningrad power stations, Tianwan (China) and Kudankulam (India).

Artem Molchanov, CEO of HMS Group commented:

“I’m pleased to say that we continue our steady international expansion in the target overseas markets. Winning the international bidding for a direct contract with Jiangsu Nuclear Power Corporation demonstrates our proven track record and competitiveness in the technologically demanding areas with the strict safety requirements.”

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 7.3 billion, adjusted EBITDA of RUB 1.4 billion and profit of RUB 485 million for the 3 months ended March 31, 2012. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.