About HMS in 2018
# 1 producer of pumps and oil gas equipment as well one of the leading compressor producers in Russia and the CIS.
Business platform and core expertise are established and provide a strong base for future growth.
Key industries: oil & gas, nuclear and thermal power generation, petrochemistry and waste water industry.
25 years: from a start-up to the industry leader
1993 – 1998
Three founders (German Tsoy, Artem Molchanov, and Kirill Molchanov) established the trading company Hydromashservice and brought together a core team of three founders and five sales managers.
Hydromashservice actively increased sales in Russia and the CIS and built relations with key clients (primarily with companies in water utilities and metals & mining sectors).
Ambitions for Market Leadership
1999 – 2003
Hydromashservice demonstrated boosting growth of the client base, expanded relations with the largest oil & gas and energy companies and gained leading positions in the pumps market in Russia and the CIS.
The company gained experience in large commercial projects and humanitarian programs outside of Russia (such as the UN Oil-for-Food Programme).
The largest Russian pump manufacturer, Livgidromash, joined Hydromashservice in 2003.
From Sales to Production
2004 – 2008
The company acquired its key production facilities: Neftemash (Tyumen), Nasosenergomash (Sumy), and Livnynasos (Orel region, Central Russia).
The investment industrial group Hydraulic Machines & Systems was established as an industrial holding (since 2008 - HMS HYDRAULIC MACHINES & SYSTEMS GROUP PLC).
HMS Group continued to develop long-term relations with its key customers.
The company successfully implemented its first large projects in specialist pumps for nuclear power plants in India (Kudankulam) and China (Tianwan).
The shareholders established HMS Group Management Company LLC. The extended management team was formed to achieve new ambitious goals.
Diversification and Complex Solutions
2009 – 2013
The Board of Directors approved the strategy for accelerated growth for 2009-2015 with a focus on M&A and complex solutions.
HMS Group acquired Giprotyumenneftegaz, the leading project and design institute for oil and gas fields, as well as new production assets: Sibneftemash, Dimitrovgradhimmash, Bobruisk Machinery Plant, and Apollo Goessnitz, and entered the market of equipment for oil refining and petrochemistry.
HMS Group ran a successful IPO on the London Stock Exchange in 2011.
The company gained access to the compressor market via acquisition of the alliance: Kazankompressormash – NIIturbokompressor, the largest manufacturer of compressor equipment in Russia and the CIS.
HMS Group became the provider of key technological units for large projects in oil extraction and transport: Vankor oilfield, the system of export pipelines BPS-2, ESPO-1, ESPO-2, Zapolarye-Purpe, Purpe-Samotlor and many others.
The Group introduced a new line of pumps for oil trunk pipelines (NM, NPV, and NOU series) and mastered production of large-scale technological modules, as well as tanks, vessels and heat exchangers.
Engineering and Gas Technologies
2014 – 2018
HMS Group increased its expertise in design and manufacturing of equipment for natural and associated gas extraction and treatment on the base of Giprotyumenneftegaz and HMS Neftemash.
The company (Kazankompressormash) started sales of complete gas compression systems for booster compressor stations and gas trunkline compressor stations of Gazprom.
HMS Livgidromash plant expanded its engineering and manufacturing capabilities. The new mechanical treatment shop and the new unique testing unit were built.
HMS Group supplied technological units for large scale gas projects.
The Group implemented a large-scale investment programme covering all production units, renewed and expanded the product portfolio, and developed new product lines for pumps, compressors, measuring and other equipment for oil & gas.
The top management developed the new strategy for sustainable growth with a focus on operational efficiency and leadership in the market of technological units for large-scale investment projects .
We feel confident in the company’s future in light of the current order portfolio and the volume of potential contracts under negotiation.
We delivered what we promised. And we managed to increase revenue by 18 percent to Rub 52.6 billon, prevent net income from significantly falling, maintaining the level of Rub 1.9 billion.