Summa Group News 2015 - January PT1

Wrapping up the results of the Summa Group in 2014 takes the news into 2015.

Transcript

1. Summa Group News All the latest news from the Summa Group Summa Group 2015 FESCO - NCSP- STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY January 2015 – Part 1
2. PJSC NCSP’S BOARD OF DIRECTORS RESOLUTIONS: The Summa Group’s NCSP is Russia’s largest port operator and is the third largest operator in Europe for cargo turnover. On the 16th of January 2015, the PJSC NCSP board of directors announced its approved amendments between PJSC NCSP and NFT Ltd: - Agreement amended regarding loading oil products onto tankers for coast shipping. - Service agreement for ship loading. Amendments between NCSP and PJSC Fleet of NCSP: - Environmental services agreement - Harbour patrol and waste collection services agreement. - Towing services and passenger boats service agreements. - Termination of bareboat charter agreement. Summa Group 2015 – Jan – PT1 FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
3. NSCP TURNS OVER 131 MILLION TONNES IN 2014 Novorossiysk Commercial Sea Port Group (known as the NSCP) has announced that its 2014 total consolidated cargo turn over amounted to 131 131.6 thousand tonnes. There was a decrease of 19 466.8 thousand tonnes which lead the group’s total overall cargo to decrease by 9850.4 thousand tonnes in 2014. CEO OF PJSC NCSP Sultan Batov comments, “Negative effect on our volumes in 2014 was produced by factors beyond our control.” In 2014, grain volumes increased by 82.9% year on year. Ferrous metal and pig iron grew by 11.6% (twice the industry growth rate) and increases were seen in coal, timber and containers. Batov goes on to add, “Our key accomplishment in 2014 was increasing transhipment of bulk and general cargo by 40% and 12% year-on-year respectively. Summa Group 2015 – Jan – PT1 FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
4. ABOUT THE SUMMA GROUP Summa Group specialises and invests in port logistics, engineering, construction, oil and gas sectors as well as telecommunications. Summa Group is a diversified private holding that comprises of more then 10 000 people in 40 regions of Russia and abroad. Mr Ziyavudin Magomedov is the founder and shareholder of the Summa Group, which will reach its 10 year anniversary in 2014. Summa Group 2015 – Jan – PT1 FESCO - NCSP- STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY