PJSC NCSP: NCSP joins the national project to improve workforce productivity

PJSC 'Novorossiysk Commercial Sea Port' (NCSP) 
PJSC NCSP joins the national project to improve workforce productivity 
 
12-Aug-2020 / 13:00 MSK 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
Press Release 
 
   PJSC NCSP joins the national project to improve workforce productivity 
 
12.08.2020 
 
        NCSP Group (LSE: NCSP, MOEX: NMTP) hereby announces the signing of a 
  cooperation agreement with the Federal Center of Competence with a view to 
     implementing the national project Workforce Productivity and Employment 
Support, as well as federal and regional projects called Targeted Support of 
              Improvement of Workforce Productivity at Business Enterprises. 
 
    PJSC NSCP employees will undergo a six-month training on lean production 
      conducted by experts of Autonomous noncommercial organization «Federal 
    center of competence in the field of labor productivity». The purpose of 
 NCSP's participation in this project is to increase the productivity of its 
employees by finding losses and shaping a culture of continuous improvement. 
 
The national project's key goal is to ensure growth of labor productivity at 
enterprises that work in basic non-primary sectors of the Russian economy by 
at least 5% each year by 2024 through the establishment of a culture of lean 
   production. A total of over 1,600 businesses in 64 regions of the Russian 
         Federation take part in the project. The Workforce Productivity and 
  Employment Support national project is aimed at the continuous development 
     of the priority program that has been carried out in Russia since 2017. 
 
    NCSP Group is the largest port operator in Russia by cargo turnover. Its 
                            controlling shareholder (62%) is PJSC Transneft. 
 
 NCSP Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as 
      global depositary receipts (NCSP). NCSP Group's cargo turnover in 2019 
amounted to 142.5 million tons. The Group's consolidated revenue as per IFRS 
          totaled USD 866.4 million in 2019. NCSP Group is comprised of PJSC 
 Novorossiysk Commercial Sea Port, Primorsk Trade Port LLC, JSC Novorossiysk 
Ship Repair Yard, JSC NCSP Fleet, JSC NLE, IPP LLC, Baltic Stevedore Company 
      LLC, and JSC SFP. PJSC NCSP and PJSC Transneft own NCS LLC on a parity 
                                                                      basis. 
 
                                       For more information, please contact: 
 
                                                For press: [e-mail] 
 
ISIN:          US67011U2087 
Category Code: MSCH 
TIDM:          NCSP 
LEI Code:      LEIA0010014976 
Sequence No.:  81610 
EQS News ID:   1115353 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

August 12, 2020 06:00 ET (10:00 GMT)