Summa Group News Sept 2014 - PT2

- NCSP Reaches Tonnage Goal
- President of FESCO Resigns
- Stroynovatsiva Wins Khrabovo Airport Tender

Transcript

1. Summa News Latest news from Summa Group 2014 Summa News – Sept 2014 – PT2
2. NCSP Reaches Tonnage Goal Summa Group subsidiary NCSP has successfully reached 90 million tonnes between January and August of 2014, making it a record volume since the start of the year. The tonnage included: • Liquid cargo - 71.2 mln tonnes • Bulk cargo - 7.3 mln tonnes • Container cargo - 3.8 mln tonnes • General cargo - 8 mln tonnes Summa News – Sept 2014 – PT2 The group’s CEO, Sultan Batov, commented on the success, stating that NCSP’s achievement was in increasing grain handling to 985 000 tonnes a month. This is a positive reflection on what the year has to hold as Russia’s largest port operator. Coal dynamics remained strong and saw a growth in percentage of 11% to 24.7% year on year. Ferrous metals also grew as did timber volumes. While there is still a lag on iron ore and fertilizers, the gap has started to shorten over the 2014 period, seeing Europe’s third-largest port operator showing positive growth and efficiency of service.
3. President of FESCO Resigns Summa News – Sept 2014 – PT2 FESCO President, Ruslan Alikhanov, has resigned as the 5th president of FESCO as of September 2014. His 18 month tenure saw him accomplish the company’s most important goal – the development of the long-term strategy for 2020. By 2020, FESCO should strengthen its position as the largest transportation group in Russia with the goal of connecting Russia’s Far East, Asia and Europe via the Trans-Siberian container trains as well as shipping lines. Alikhonov has resigned in order to pursue personal endeavours and says of his resignation, “I am sincerely grateful to shareholders of FESCO for the cooperation and the opportunities. Now I’ll take care of the implementation of my own projects, and I would like to continue my career in my new capacity.” The new President of FESCO, Konstantin Sokolov, graduated from the Leningrad Higher Naval Engineering School, worked as general director of JSC, headed JSC Novorossiysk Commercial Sea Port and has extensive experience in the transportation industry. He now moves from his role as vice- president of FESCO to president in 2014.
4. Stroynovatsiva Wins Khrabovo Airport Tender Summa News – Sept 2014 – PT2 Stroynovatsiya (Summa group subsidiary) has won the open tender for the second stage of the reconstruction of the Khrabrovo airport in Kaliningrad. The 3 173 452 billion rubles will see the construction and assembly works of the Federal State Unitary Enterprise Administration of Civil Airports (Aerodomes). Khrabovo airport is situated just short of 20 kilometres northeast of Kaliningrad (in the north east of Russia). The reconstruction of the airport will allow for larger aircrafts to use the airport as well as lower class aircrafts and the IL-96-300 aircraft. The project sees the extension of the runway by 850 meters (from 2500 m to 3350 m), the expansion of the apron and the reconstruction of taxiways. The harmful effects of surface water and ground water from the airport will also be treated by the reconstruction of the drainage system and construction of water treatment plants in the area. The entire airport extension project should be completed by the end of 2016.
5. About 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 News – Sept 2014 – PT2