Sumy Frunze to deliver 54 pumps to Russian NPP

Sumy Frunze (SMASH) signed contracts to deliver 54 pumping units to Russia’s Novovoronezh nuclear power plant by April 2011 and 3 pumps to the Smolensk NPP by March 2010, Interfax reported yesterday. The contract was valued at RUR 154 mln (USD ~5.1 mln). Yegor Samusenko: This contract adds ~1% in revenue to Sumy Frunze over 1.5 years; we estimate its 2009E sales at USD 323 mln.