Brother of Summa Group founder Ziyyavudin Magomedov, Magomed Magomedov, will co-own some of the group’s companies. Summa News – Jan 2014 Novorossiysk Commercial Sea Port have had issues regarding their engineering division, telecommunications business and assets of late. The Russian Federal Antimonopoly Service recently granted relevant applications for the legal formalization for Magomed Magomedov’s rights as a co-owner last December, 2013.
January 22nd 2014 Summa Group joined with Kremenchug Plant of Road Machines, from the Ukraine, to supply three asphalt concrete plants in Dagestan, western Russia. Summa News – Jan 2014 Kremenchug Plant of Road Machines will deliver the three plants and set up each plant that has a capacity of 1, 536 tons per day. These will produce high-quality asphalt with the use of mineral additives using advanced technology. The project will modernize the region’s road industry which needs upgrading. Image by survincity.com
Group working company Stroynovatsiya, Ltd working in the oil and gas industry has won a tender to link Astrakhan and Makhachkala. The tender is worth nearly RUB 7.148 billion. Summa News – Jan 2014 The Caucasus Highway Administration of the Federal Road Agency tender grants the building of two R-215 road segments linking the areas through the Republic of Kalmykia. The two road segments will be approximately 95km long. Stroynovatsiya aims to have the road completed by 2017.
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 – Jan 2014