History

Foundation

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 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 – 2019

  • 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 Neftemash.
  • The company (Kazankompressormash) started sales of complete gas compression systems for booster compressor stations and gas trunkline compressor stations of Gazprom.
  • Livgidromash plant expanded its engineering and manufacturing capabilities. The new mechanical treatment shop and the new unique testing unit were built.
  • 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.
  • HMS Group supplied technological units for large scale gas projects, including:
    • Technological equipment for ROSPAN INTERNATIONAL (East-Urengoyskoye field, Rosneft)
    • Equipment for the extraction, transportation and processing of liquid hydrocarbons (Nadym-Pur-Taz region, Gazprom)
    • Helium concentrate membrane separation unit (Chayandinskoye field, Gazprom)
    • Equipment for LNG plants based on the "Arctic cascade" technology (PAO NOVATEK), followed by the Memorandum on Strategic Partnership, signed with PAO NOVATEK in 2019, as a part of the import-substitution program
  • In 2019, total revenue, generated by the gas sector, reached almost a third of HMS' consolidated revenue, improving diversification.
  • 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.


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