Two digital services of NLMK Group were awarded as part of the STAR 4.0 digital industrial innovation competition, held by Siemens together with the organizers of the Innoprom exhibition and IPWeek 2021 International Productivity Week.
The Hephaestus digital service received a diploma in the nomination "life cycle cost reduction". The service allows you to optimize the logistics of moving liquid metal in one of the steelmaking shops of the Novolipetsk Metallurgical Plant. The introduction of the service allows you to save up to 100 million rubles a year.
The digital service "Video analytics of emissions into the atmosphere" was awarded in the category "sustainable development". Based on machine learning algorithms, he conducts online monitoring of the plant's emissions into the atmosphere. The solution shortens the reaction time to deviations, and the system of deep analytics of incidents allows them to prevent their occurrence.
NLMK Group's digital transformation program involves dozens of cross-functional product teams that develop, implement and improve hundreds of digital solutions. The company has created a digital ecosystem that ensures effective team work, the sustainability of the products created, the accumulation of knowledge and an environment for interaction with more than 30 partner companies, including through the creation of their own platforms for collaborative development and machine learning.
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.
The Group's steel products NLMK is used in a variety of industries, from construction and mechanical engineering to power 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 has investment grade credit ratings from S&P, Moody's, Fitch and Expert RA.
NLMK's common shares, which have a 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.
For more information about NLMK Group, visit the website.
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