NOMOS-Bk ups credit limit for Hydraulic Machines and Related Sys

’s NOMOS-Bank has increased its credit limit for investment and industrial group Hydraulic Machines and Related Systems to 5 billion rubles from 3.1 billion rubles, the bank said Wednesday.

The credit limit is valid for 3.5 years.

NOMOS-Bank set a credit limit of 2 billion rubles for the company in 2006 and increased it to 3.1 billion rubles in 2007, according to earlier reports.

Hydraulic Machines and Related Systems is one of the leading producers of pumping and oil and gas equipment in Russia. The group owns five plants: Russia-based Livgidromash, Livnynasos, Bavlenskiy Zavod Electric motor, and Neftemas, as well as Ukraine-based Sumskiy zavod Nasosenergomash. It also owns oilfield service company Tomskgazstroy, engineering company Trest Sibkomplektmontazhnaladka, and sales company Gidromashservis.

The group’s sales amounted to 12.9 billion rubles in 2007.