OREANDA-NEWS. November 6, 2012. Rado Antolovic, CEO of PJSC “NCSP” (LSE: NCSP, MICEX-RTS: NMTP), presented the "Strategy of NCSP Group until 2020" to the Mayor of Novorossiysk Vladimir Sinyagovsky and to the City Administration.

The presentation focused on the Group's master plan to achieve the goals set for the new management team: to become the most efficient port operator in Russia, to strengthen the Group’s position as Russia’s largest port-logistics company and one of the largest in the world, to be an etalon in terms of quality of services, integration of advanced technologies, as well as social and ecological responsibility.

The social partnership between the Port of Novorossiysk and City Administration was also among topics discussed at the meeting. In particular, Vladimir Sinyagovsky highlighted the assistance that NCSP provided to help the recovery from the consequences of the flooding that hit the region in July, and the Company’s support for the families of flooding victims.

NCSP CEO Rado Antolovic said: "The port intends to continue its constructive cooperation with the city, where it has been an important part of everyday life for over 160 years. As a major employer, taxpayer and a socially responsible business, NCSP intends to make its contribution to the development and prosperity of Novorossiysk and its residents. I believe that the recent repair of Portovaya street represents a good to the cooperation of NCSP’s new management and the City Administration."

About NCSP Group

NCSP Group is the largest Russian port operator in terms of cargo turnover. NCSP shares are traded on Russia's MICEX-RTS exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). 50.1% shares of PJSC “NCSP” belong to Novoport Holding Ltd, the beneficial owners of which are OJSC “Transneft” and Summa Group. NCSP Group cargo turnover in 2011 totalled 157 million tonnes. Consolidated revenue according to IFRS in 2011 totalled USD 1,050 million and EBITDA was USD 550 million. NCSP Group combines the following stevedoring and other companies: OJSC “Novorossiysk Commercial Sea Port”, LLC “Primorsk Oil Terminal” (since 2011), PJSC “Novorossiysk Grain Terminal”, OJSC “Novorossiysk Ship Repair Yard”, OJSC “NCSP Fleet”, OJSC “NLE”, OJSC “IPP”, CJSC Baltic Stevedore Company, CJSC “SFP” and LLC NFT (joint venture).