Novolipetsk Metallurgical Plant, the flagship site of NLMK Group, supplied the Russian plant of LG Electronics, a leading international manufacturer of "white" equipment, a pilot batch of rolled products with an improved quality polymer coating, which will be used to manufacture washing machine casings.
A trial batch was tested at the LG Electronics RUS plant near Moscow. Testing using a multi-stage quality assessment system confirmed the compliance of metal properties and polymer coating quality with LG Electronics RUS standards.
Especially for LG Electronics RUS, NLMK has developed rolled products with narrow ranges of deviations in physical, mechanical and chemical properties of metal and mastered the technology the application of such a polymer coating, which is distinguished by high surface purity, color stability and gloss, flexibility and hardness.
In the near future, NLMK and LG Electronics RUS are planning to switch to serial supplies. The general agreement will become the first direct contract in the practice of LG Electronics RUS with a local Russian manufacturer for the supply of polymer-coated steel.
"High quality products will provide our client with additional competitive advantages and allow us to be leaders in the market", - said vice-president of sales for NLMK Group <-! dle_leech_begin -> Ilya Gushchin Ilya GushchinVice President, Sales Biography .
Information about LG Electronics ENG
LG Electronics is a global leader and technology innovator in consumer electronics. LG Electronics is one of the world's leading manufacturers of TVs, refrigerators, air conditioners, washing machines, smartphones, products with LG ThinQ artificial intelligence technology.
LG Electronics RUS plant has been operating since September 2006 and is located in Ruzsky city district of the Moscow region. It covers an area of 47 hectares and is considered one of the largest factories in Europe for the production of household appliances and electronics. Today the Russian enterprise LG Electronics produces 168 TV models, 75 refrigerator models and more than 100 washing machine models.
Information about NLMK Group
NLMK Group - a vertically integrated metallurgical company, the largest in Russia and one of the most efficient producers of steel products in the world.
NLMK Group's metal products are used in various industries, from construction and mechanical engineering to power equipment and offshore wind turbines.
NLMK's production assets are located in Russia, Europe and the United States. 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.