OREANDA-NEWS. November 13, 2012. NCSP Group (LSE: NCSP, Moscow Exchange: NMTP) reports that its CEO Rado Antolovic has been elected chairman of the Committee for Marine and River Transport of the Krasnodar Regional Branch of the Russian Union of Industrialists and Entrepreneurs (RSPP).

Commenting on his appointment, Mr Antolovic said: "The RSPP’s decision to create the Krasnodar Branch Committee for Marine and River Transport is a logical step, as the region accounts for almost one third of Russian ports’ total turnover. I am honoured to have been asked to chair the committee. Working with the RSPP creates a good opportunity to develop effective solutions to the issues the region and its largest businesses are facing. One of which, the development of the Krasnodar region’s transport infrastructure, concerns not only port operators, but almost every other business in the region."

The decision to create the Committee for Marine and River Transport of the RSPP’s Krasnodar Regional Branch was made on 14 September, 2012, by the general meeting of its Coordinating Council.

The Russian Union of Industrialists and Entrepreneurs is an all-Russian organization representing the interests of the business community. RSPP represents over 320,000 industrial, scientific, financial and commercial organizations throughout Russia. The companies that are members of the RSPP represent more than 60% of Russia’s GDP.

The Krasnodar Branch of the RSPP represents the interests of the regional business, forming a consolidated position of the business community on the most important economic and social development issues the region and the country are facing.

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: PJSC “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).