NLMK La Louviere, an NLMK Group company and one of the leading flat products manufacturers in Belgium, has started assembling three new finishing stands as part of the reconstruction of the hot rolling mill. The renovation will allow the company to increase production of thinner, stronger and more sustainable steel for European consumers.
Assembly will continue until November 2020. The old finishing stands will then begin to be dismantled and replaced with pre-assembled and tested new stands.
The finishing stands were supplied by Primetals Technologies, a leading provider of solutions for the steel industry. The contract with Primetals Technologies for the modernization of the hot rolling mill was signed in 2019.
The large-scale reconstruction and modernization of the mill includes the installation of the latest automation system, three new and three modernized rolling mill stands, new drives and motors, an output roller table, coiler, modernized cooling systems and water supply.
This project will increase the production of high-strength thin hot-rolled coils, expand the range of high-strength products and provide the market's best tolerance for surface quality.
Invest in modernization of the hot rolling mill will amount to 150 million euros.
The completion of the first phase of the mill reconstruction is scheduled for the end of 2020. The second phase will be completed in 2021.
Information about NLMK Group
NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the most efficient in the world of steel producers.
NLMK Group's steel 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 in 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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