Novolipetsk Metallurgical Plant has started a project for the reconstruction of a polymer coating unit (APP-1) with a capacity of 195 thousand tons of painted metal per year. The modernization will improve the surface quality of the strip, double the production of rolled products with premium polymer coatings and reduce the cost of production.
During the reconstruction, the unit will, in particular, be equipped with a more energy-efficient system for cooling the metal strip using water ... The APP will be equipped with thickness gauges that will allow you to control the thickness of the applied polymer coating. At present, the control of this indicator is possible only in laboratory conditions after the completion of the technological cycle.
The project is being implemented jointly with the Italian company DANIELI. The design documentation is currently being developed. In March 2021, construction and installation work will begin, which will last about two months. Investments in the project will amount to over RUB 500 million.
Information about NLMK Group
NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the most the world's most efficient steel producers.
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 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 - $ 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 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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