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Summa Group News, 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>.

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