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<strong>Summa</strong> <strong>Group</strong> <strong>2015</strong><br />
<strong>Summa</strong> <strong>Group</strong> News<br />
All the latest news from the <strong>Summa</strong> <strong>Group</strong><br />
<strong>Sept</strong> <strong>2015</strong> – Part 1<br />
FESCO - NCSP- STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
<strong>Summa</strong> <strong>Group</strong> <strong>2015</strong> – <strong>Sept</strong> – PT 1<br />
RDIF COLLABORATES WITH NORTHERN COAL TERMINAL<br />
The Primorneftegazprom, managed by the <strong>Summa</strong> <strong>Group</strong>,<br />
is leading a project between the Vostochny Port and<br />
Russian Direct Investment Fund (RDIF). The North coal<br />
terminal construction project will see the RDIF help lead<br />
international investors to the port in the Primorsky region.<br />
Chairman of the <strong>Summa</strong> <strong>Group</strong>’s board of directors,<br />
Ziyavudin Magomedov, comments on the new<br />
relationship,<br />
“As President Vladimir Putin has frequently emphasized,<br />
we must strengthen the position of Russian coal in<br />
international markets, including the promising Asia-Pacific<br />
region. Without the development of efficient transport<br />
infrastructure, this would not be possible. The planned<br />
“equal access” terminal will be specifically aimed at<br />
servicing small and medium-sized coal mining companies<br />
that lack their own transshipment facilities.”<br />
FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
<strong>Summa</strong> <strong>Group</strong> <strong>2015</strong> – <strong>Sept</strong> – PT 1<br />
RDIF COLLABORATES WITH NORTHERN COAL TERMINAL<br />
CEO of the Russian Direct Investment Fund says,<br />
“Vostochny port is essential in connecting one of Russia’s<br />
most important railroads with sea routes to leading Asia-<br />
Pacific countries. It has the potential to become a major<br />
transport link within Russia’s Far East region. The new<br />
terminal will improve Russian companies’ export<br />
potential, making it easier for them to access<br />
international markets. It will also boost the development<br />
of the Primorsky region.”<br />
The coal terminal will be used to ship Russian coal to<br />
countries in the Asia-Pacific region. With an initial<br />
capacity of 7 million tons per year, the terminal is<br />
scheduled to open in 2018 and plans to increase its<br />
capacity to 20 million tons per year.<br />
FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
<strong>Summa</strong> <strong>Group</strong> <strong>2015</strong> – <strong>Sept</strong> – PT 1<br />
PJSC NCSP IS RENAMED IN RUSSIAN<br />
The NCSP, part of the <strong>Summa</strong> <strong>Group</strong>, has amended their name, officially, in compliance with Federal<br />
law. The Civil Code of the Russian Federation required the official name to be recoded in Russian; it<br />
will remain the same in English.<br />
The official name has changed from Open Joint Stock Company Novorossiysk Commercial Sea Port<br />
to the Public Joint Stock Company Novorossiysk Commercial Sea Port, which was effective from the<br />
15 th of July <strong>2015</strong>.<br />
While the NCSP <strong>Group</strong> remains the third largest port operator in Europe and the largest port<br />
operator in Russia, they continue to trade on Russia’s Moscow exchange and on the London stock<br />
exchange.<br />
FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
<strong>Summa</strong> <strong>Group</strong> <strong>2015</strong> – <strong>Sept</strong> – PT 1<br />
FESCO RELEASES 6 MONTHS’ RESULTS FROM <strong>2015</strong><br />
Highlights of FESCO’s Transportation group saw the company improve its financial results in the<br />
following manner:<br />
• Export-Import sea container services through Russian Far East 45.9%<br />
• Import container handling in Far East basin with market share of 34.7%<br />
• <strong>Group</strong> EBITDA increased year on year by 2.3%<br />
• CAPEX decreased by $9.1million in <strong>2015</strong> by 36.3%<br />
• Rail cargo load increased to 10 million tons year on year by 1%<br />
• Rail container decreases improved year on year by 2.3%<br />
Pressure put on FESCO by the macroeconomic environment lead the company to address market<br />
headwinds, and to successfully implement its cost-cutting initiatives with targeted effect of $40<br />
million in <strong>2015</strong> alone.<br />
FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
<strong>Summa</strong> <strong>Group</strong> <strong>2015</strong> – <strong>Sept</strong> – PT 1<br />
ABOUT THE SUMMA GROUP<br />
<strong>Summa</strong> <strong>Group</strong> specialises and invests in port logistics,<br />
engineering, construction, oil and gas sectors as well as<br />
telecommunications. <strong>Summa</strong> <strong>Group</strong> is a diversified<br />
private holding that comprises of more then 10 000<br />
people in 40 regions of Russia and abroad.<br />
Mr Ziyavudin Magomedov is the founder and<br />
shareholder of the <strong>Summa</strong> <strong>Group</strong>, which celebrated its<br />
10 year anniversary in 2014.<br />
FESCO - NCSP- STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY