NLMK La Louvière, one of the leading producers of flat rolled products in Belgium and the company of NLMK Group, has received the first batch of main equipment for the modernization of hot rolling mill. A project worth 150 million euros will allow the plant to produce more delicate and high-hire. As a result, consumers in Europe will be able to make this product more productive and environmentally friendly machines and structures.
Tuesday, may 5, two 100-ton frame for the first finishing rolling stand (in total, the company plans to install three new crates) arrived at NLMK La Louvière.
the Equipment was manufactured by the company Primetals Technologies, a leading provider of engineering solutions for the metallurgical market, which in 2019 was selected as the partner for the modernization of the mill.
the Modernization of hot rolling mill NLMK La Louvière includes the introduction of the newest automation system, the installation of three new and modernization of the three stands of the finishing rolling, replacement of drives and motors stands, new discharge conveyor and cooling system, upgraded water treatment system and the replacement of one coiler rolling mill.
Investing in the modernization of the mill are part of a Strategy 2022 of the Group. The project will enable NLMK La Louvière to increase the production of products with thickness up to 1.2 mm, to expand the range of high-strength grades with tensile strengths over 1,000 MPa, and also to offer customers the market's best surface quality and accuracy of the target parameters.
the First phase of the project will be completed in late 2020, the second - in 2021.
Information about NLMK La Louvière
Located in Belgium, NLMK La Louvière specializiruetsya on the production of hot-rolled and cold-rolled steel for automotive, construction and engineering sector. The production capacity is up to 2 million tons of hot-rolled steel to 1.5 million tons of hot rolled pickled and rolled to 0.6 million tons of cold-rolled steel a year.
Information about NLMK Belgium Holdings
NLMK Belgium Holdings (NBH) is a joint venture NLMK Group (49%) and the Belgian investment Fund SOGEPA (49%); another 2% are Treasury shares.
NBH brings together European producers of flat steel NLMK la Louviere and NLMK Strasbourg, NLMK service center Manage, as well as producers of thick plates NLMK Clabecq (Belgium) and NLMK Verona (Italy).
about the company
NLMK Group is a vertically integrated steel company and Russia's largest and one of the world's most efficient producers of steel products.
NLMK's metal Products are used in various industries, from construction and engineering to power-generating equipment and offshore wind turbines.
the Production assets of NLMK are located in Russia, Europe and the USA. The production capacity of steel companies over 17 million tonnes a year.
Ordinary shares of JSC "NLMK", free float which is 18.6%, are traded on the Moscow Stock Exchange (Ticker "NLMK"), global Depositary shares on the London stock exchange (Ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of 1 Russian ruble.
read More of stockholders ' equity NLMK can be found at the link.
Information about SOGEPA
Investment Fund SOGEPA was founded in 1984 to support economic development of the Walloon region. SOGEPA contributes to the creation of sustainable businesses by investing in industrial projects and assets. The Foundation operates on the principles of effective private investments, playing an active role in the strategic management of the companies at the level of boards of Directors.
Together with private investors, SOGEPA is a reliable partner located in Walloon region companies and other enterprises of the industrial sector.
