NLMK-Metiz, an enterprise in the Russia Long Products Division of NLMK Group, has started supplying a new type of metal product that is used in the production of cabinet furniture - a 7x50 mm galvanized furniture screed. The first batch of this popular fastener has been sent to consumers.
Furniture screed is used for assembling furniture, joinery and building products, it provides a stable connection of parts and is easy to use.
For production furniture screed, the machines of the fasteners shop of NLMK-Metiz were equipped with the necessary tools - dies, bushings, punches, etc. The plant will produce about 650 tons of confirmation annually. in the production of products with high added value. Mastering the furniture screed is the first step in this direction. The new product will allow the company to take a place in a segment in which the share of imports was about 80% in 2018, "said Dmitry Stopkevich, Head of the Long Products Division Russia.
NLMK-Metiz is one of the largest manufacturers of hardware products in Russia. The enterprise has mastered about 900 standard sizes and types of wire, screws and nails.
Photos of new products can be downloaded here
Information about NLMK Group
NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the world's most efficient producers of steel products.
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, and the company's profitability is one of the highest in the industry. The company's revenue for 2018 was $ 12 billion, EBITDA was $ 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 free-float is 16%, 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.
