NLMK-Metiz, a NLMK Group company, has completed the installation of the main process equipment for a new wire galvanizing line in the town of Berezovsky, Sverdlovsk Region. At the moment, the enterprise is undergoing commissioning. The project will allow NLMK-Metiz to increase its production of galvanized wire by 40%, as well as to offer the market a new product - zinc-aluminum-coated wire.
Zinc-aluminum coating is several times superior in corrosion resistance to pure zinc coating , and also provides metal resistance to high temperatures and adverse weather conditions. Important advantages of this coating are increased ductility and improved weldability. Zinc-aluminum coated wire can significantly increase the service life of products made from it: gabions, geogrids and fences.
Investments in the project amounted to 540 million rubles. It is planned to receive the first products in February 2021.
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, and the company's profitability is one of the highest in the industry. The company has investment grade credit ratings from S&P, Moody's, Fitch and Expert RA.
NLMK's common shares, which have free-float of 20.7%, 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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