Novolipetsk Iron and Steel Works delivered the first batch of electrical dynamo steel to the Riga Electric Machine Building Plant ("REZ", part of the "Transmashholding" structure). The enterprise will use NLMK steel in the production of traction electric motors.
REZ produces traction motors and electrical equipment for electric locomotives, passenger trains, trams and electric forklifts.
“NLMK steel is in 9 out of 10 electric locomotives in Russia and we are happy to start working with new partners in the railway transport sector. The high quality of our products provides our customers with additional competitive advantages, "commented Ilya Gushchin, Vice President of Sales, NLMK Group.
Information about NLMK Group
NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the most efficient producers of steel products in the world.
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 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 ordinary 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, please visit the website.
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