As part of the program for the modernization of blast furnace and steelmaking facilities at Novolipetsk Metallurgical Plant, the environmental impact will be reduced and the productivity of equipment will be increased.
tons of cast iron of a modern air purification system from dust. Filtered materials will be used in production.
In accordance with a long-term environmental program, the last of the six converters will be equipped with new dust and gas collection equipment during modernization, which corresponds to the best purification technologies and allows to capture 99.9% of dust. The collected converter gas is planned to be used to generate electricity at NLMK's new thermal power plant.
The converter capacity will increase from 7.6 thousand to 8.9 thousand tons of steel per day (+ 17%).
Completion date - 4th quarter of the current year. A total of 24,000 tonnes of equipment and metal structures are planned to be assembled for the two projects.
Total investments in blast furnace and converter modernization projects will amount to RUB 36 billion.
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, 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.
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