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Summa Group News Aug PT1

Russia's Summa Group and its subsidiary shares their company news.

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<strong>Summa</strong> <strong>News</strong> – <strong>Aug</strong> 2014 – <strong>PT1</strong><br />

<strong>Summa</strong> <strong>News</strong><br />

Latest news from <strong>Summa</strong> <strong>Group</strong> 2014


<strong>Summa</strong> <strong>News</strong> – <strong>Aug</strong> 2014 – <strong>PT1</strong><br />

YATEC Promotes Social Issue<br />

<strong>Summa</strong> <strong>Group</strong> subsidiary YATEC has been helping to create awareness in the Yakut capital.<br />

JSC YATEC with the Yakutsk traffic department conducted a social campaign called,<br />

“Beware! There is a Motorcyclist!” which aimed to promote awareness during the short<br />

northern summers. Two wheeled motor vehicles such as bicycles, motorcycles and<br />

scooters are more frequently involved in road accidents.<br />

The Traffic police and YATEC have joined<br />

forces to create awareness by offering<br />

special stickers, at YATEC gas stations,<br />

which draw attention to the issue. Police<br />

officers were also present at the YATEC<br />

Gas Stations to share information about<br />

preventing the rate of two-wheeled<br />

vehicle accidents. The participants<br />

comment on the initiative, “If at least one<br />

of the hundred drivers remember to look<br />

in the mirror it can help to save another<br />

human life.”


<strong>Summa</strong> <strong>News</strong> – <strong>Aug</strong> 2014 – <strong>PT1</strong><br />

Batov Steps In As New NCSP CEO<br />

NCSP (Novorossiysk Commercial Sea Port <strong>Group</strong> under <strong>Summa</strong><br />

<strong>Group</strong>) has elected a new CEO (General Director). Sultan Batov was<br />

elected into the position by the general meeting of PJSC NCSP<br />

shareholders, truncating the position time of former CEO Yuriy<br />

Matvienko.<br />

Sultan Batov commented on his election, “I’m thankful for the<br />

confidence of the shareholders and will in turn apply all efforts to<br />

further development of NCSP <strong>Group</strong>. It is a great honour, and even<br />

greater responsibility, to lead the country’s largest transportation<br />

company.”<br />

Originally from Kazakstan, Batov joined the NCSP <strong>Group</strong> in 2002<br />

after working at the LLC Baltic Stevedoring Company (BSC), which<br />

joined the NCSP group in 2008. It is now the largest port operator<br />

in Russia and the third-largest in Europe, turning over 141 million<br />

tonnes in 2013.


<strong>Summa</strong> <strong>News</strong> – <strong>Aug</strong> 2014 – <strong>PT1</strong><br />

FESCO Sets New Historic Record<br />

<strong>Summa</strong> <strong>Group</strong> subsidiary FESCO set a new historic record for the most VMTP (Vladivostok<br />

Commercial Seaport) handling this past June. The VMTP, which is part of the FESCO<br />

Transportation <strong>Group</strong>, handled over 47 777 Twenty Foot Equivalent Units (TWEU being the<br />

unit used to measure a container ship). The previous record was for November 2013, where<br />

VMTP reached 46 463 TEU.<br />

During the first half of 2014, 242 632 TEU were<br />

handed by VMTP, seeing an increase of 8.4% year on<br />

year. During June 2014 there was a 22% increase for<br />

year on year. FESCO managed to achieve these<br />

results by modernizing their<br />

port infrastructure, attracting<br />

new customers and<br />

optimising their processes to<br />

speed up quality and quantity<br />

of their services.


<strong>Summa</strong> <strong>News</strong> – <strong>Aug</strong> 2014 – <strong>PT1</strong><br />

About <strong>Summa</strong> <strong>Group</strong><br />

<strong>Summa</strong> <strong>Group</strong> specialises and invests in port logistics, engineering, construction, oil and<br />

gas sectors as well as telecommunications. <strong>Summa</strong> <strong>Group</strong> is a diversified private holding<br />

that comprises of more then 10 000 people in 40 regions of Russia and abroad.<br />

Mr Ziyavudin Magomedov is the founder and shareholder of the <strong>Summa</strong> <strong>Group</strong>, which<br />

will reach its 10 year anniversary in 2014.

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