Summa Group News, May 2014
News from the Summa Group, May 2014.
News from the Summa Group, May 2014.
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<strong>Summa</strong> <strong>News</strong> – <strong>May</strong> <strong>2014</strong><br />
<strong>Summa</strong> <strong>News</strong><br />
Latest news from <strong>Summa</strong> <strong>Group</strong> <strong>2014</strong>
<strong>Summa</strong> <strong>News</strong> – <strong>May</strong> <strong>2014</strong><br />
YATEK Supplies Heat to Momsky District<br />
The management team of Yakutsk Fuel and Energy Company (YATEK, a subsidiary of the<br />
<strong>Summa</strong> <strong>Group</strong>) have stepped in to provide heat in the Momsky district. Due to a<br />
complication at the mouth of the Indigirka River during the 2013 shipping season, local<br />
residents and public utilities were unable to access a sufficient supply of boiler fuel.<br />
Zairbek Kamilievich Yusupov, the general director of Yakutsk Fuel, arranged for a supply<br />
of boiler fuel to provide fuel for the daily needs of the district’s residents.<br />
Over 1500 tons of boiler fuel were trucked into<br />
the MagadanHefto interim oil terminal from<br />
the village of Kysyl-Syr. The Interdepartmental<br />
Commission to Coordinate the Winter<br />
Transportation of Goods has confirmed that<br />
the Momsky District now has sufficient fuel for<br />
the needs of businesses and organisations.
<strong>Summa</strong> <strong>News</strong> – <strong>May</strong> <strong>2014</strong><br />
NCSP <strong>Group</strong> Handles 33.6 Million Tons in First Quarter<br />
<strong>Summa</strong> <strong>Group</strong> subsidiary company NCSP has consolidated their turnover for January –<br />
March <strong>2014</strong> and the results show that it amounted to 33.6 million tonnes. General<br />
Director of the JSC “NCSP” <strong>Group</strong>, Yuri Matvienko, comments on the turnover saying,<br />
“Last month was the stronger in the quarter, turnover growth in March compared to<br />
February of this year was 13.3% or 1.4 million tons.”<br />
More specifically, there was a lag in terms of<br />
crude oil which decreased to 18.8% year on year<br />
but with a monthly increase from 9.1% to 10.2%<br />
in the first two months. Liquid cargo over the<br />
January – March semester amounted to 26 944<br />
tons. Bulk cargo amounted to 2406 tons. General<br />
cargo amounted to 2964 tons, while<br />
containerized cargo amounted to 167 000 TEU,<br />
5% more than year on year of 2013.
<strong>Summa</strong> <strong>News</strong> – <strong>May</strong> <strong>2014</strong><br />
Stroynovatsiya Wins Caucasus Highway Tender<br />
<strong>Summa</strong> <strong>Group</strong> subsidiary Stroynovatsiya has won a tender to build a new section of the<br />
M-29 Caucasus Highway in Russia, and reconstruct an existing section. Passing through<br />
the Kabardino-Balkaria territory, the project will construct a new 10km long section with<br />
two lanes in each direction.<br />
The section that will be reconstructed passes through Zalukokoazhe and Psyndakha of<br />
the Zolsky District. The reconstuction should be completed by the end of 2017. The<br />
tender, which is to the value of 3.92 billion RUB, was ordered by the North Caucasus<br />
Highway Administration.
<strong>Summa</strong> <strong>News</strong> – <strong>May</strong> <strong>2014</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 <strong>2014</strong>.