Novolipetsk Metallurgical Plant is commissioning new equipment for the production of steel products - a continuous casting machine (CCM-9).
The machine's capacity is 1.8 million tons of steel per year. The equipment is planned to master the production of a premium assortment, which will be used in the production of components for wind power plants, sea vessels and oil drilling platforms, large diameter pipes. The products will be supplied to both the Russian and export markets.
The project for the construction of a new machine was completed within 14 months, during peak periods up to 700 employees of NLMK and contractors worked on it. More than 5 thousand tons of equipment and metal structures were installed for the project.
Total investments amounted to over 12 billion rubles.
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 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 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 for 2019 was $ 10.6 billion, EBITDA was $ 2.6 billion. The Net Debt /EBITDA ratio was 0.7x. 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.
For more information about NLMK Group, visit the website.
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