NLMK Group, an international metallurgical company, supplied Quard 450 wear-resistant steel manufactured by NLMK Clabecq to TPK Phoenix, which manufactures special equipment based on KAMAZ, MAZ, Ural, Isuzu chassis. The unique wear-resistant properties of steel of this grade allow more than three times increase the service life of individual components of special equipment.
Phoenix uses Quard 450 steel in the production of sides of the bodies of loading equipment. Side panels often come into contact with the load, so they can quickly wear out. Quard 450 steel provides a high level of wear resistance and resistance to shock loads due to the optimal combination of hardness and toughness.
“The use of Quard wear-resistant steel can significantly increase the service life of excavators, dump trucks, bulldozers and other special equipment compared to ordinary steel grades. The company plans to develop the product and introduce new brands of wear-resistant rolled products into production for domestic and foreign customers, ”commented Ilya Gushchin, Vice President of Sales at NLMK Group.
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 energy 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 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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