Novolipetsk Metallurgical Plant (the flagship enterprise of NLMK Group) has supplied one of the largest Russian manufacturers of electrical machines, the RUSELPROM concern, with electrical dynamo steel, from which generators will be made for the first renewable energy project in the Rostov region - the Azovskaya wind power plant.
The declared capacity of the Azov wind farm is 90 MW. The wind farm will be able to generate 300 GWh per year, while avoiding the emission of about 260 thousand tons of carbon dioxide into the atmosphere.
NLMK will manufacture asynchronous generators with phase rotors with a capacity of 3.5 MW each. To implement the project, NLMK supplied RUSELPROM with dynamo steel with low magnetic losses, its use makes it possible to increase the energy efficiency of electric machines by 10-15%.
“NLMK Group and RUSELPROM are connected by more than 20 years of mutually beneficial cooperation. The high quality of our products provides the client with additional competitive advantages and allows the client to be a leader in the market of electrical equipment, "commented Ilya Gushchin, Vice President for Sales of NLMK Group.
NLMK Group produces dynamo steel at the Lipetsk site ... The company's share in the Russian production of these high-tech products in 2018 was 81%.
Information about NLMK Group
NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the most efficient steel producers in the world.
NLMK Group's steel products are used in various industries, from construction and mechanical engineering to power equipment and offshore wind turbines.
NLMK's production assets located in Russia, Europe and the USA. The company's steel production capacity exceeds 17 million tonnes per year.
NLMK demonstrates high cost competitiveness among global manufacturers, the company's profitability is one of the highest in the industry. The company's revenue in 2018 amounted to $ 12 billion, EBITDA - $ 3.6 billion. The Net Debt /EBITDA ratio was 0.25x. The company has investment grade credit ratings from S&P, Moody's, Fitch and RAEX (Expert RA).
NLMK's common shares, which have a free-float of 18.6%, are traded on the Moscow Stock Exchange (ticker “NLMK”), global depository shares - on the London Stock Exchange (ticker “NLMK: LI”). The share capital of the Company is divided into 5,993,227,240 ordinary shares with a par value of 1 Russian ruble. More information about NLMK's share capital can be found here.
You can download photos and corporate videos of NLMK Group from the media bank at the link.
