NLMK Group, an international metallurgical company, supplied premium electrotechnical transformer steel with laser processing for the leading manufacturer of power equipment in Russia - SVEL Group. This steel was used to make a 630 MVA three-phase power transformer for the Krasnoyarsk HPP.
The second largest hydroelectric power plant in Russia, the Krasnoyarsk HPP, was built in 1972 on the Yenisei River near the town of Divnogorsk and provides electricity to the Krasnoyarsk aluminum plant. Currently, the hydroelectric power plant is undergoing a comprehensive upgrade of electrical equipment and installing super-power transformers. By 2024, NLMK plans to supply SVEL with about 2 thousand tons of steel for the production of six more such transformers. The properties of NLMK steel will make it possible to reduce the specific magnetic losses in transformers by up to 15% compared to commercial grades.
Information about SVEL
SVEL Group is one of the leading manufacturers of electric power equipment along the chain from generation to consumption. The enterprises of the group specialize in the production of various types of transformers, current-limiting reactors, and complete switchgears. Cooperation between SVEL Group and NLMK has been going on for over 15 years.
Information about NLMK Group
NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the most efficient steel producers 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, and 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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