PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
PJSC NCSP joins the national project to improve workforce productivity
12-Aug-2020 / 13:00 MSK
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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: MSidorov@ncsp.com
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)
