Novolipetsk Metallurgical Plant received the first batch of the main technological equipment for the construction of a continuous hot-dip galvanizing unit No. 5 (ANGTs-5) with a capacity of 450 thousand tons of rolled metal per year. The project, worth more than 12 billion rubles, will make it possible to produce thin and high-strength rolled products with a high degree of corrosion protection. As a result, manufacturers of cars, household appliances, builders will receive a product from which they can make lighter, stronger and more environmentally friendly products.
The equipment for the unit is manufactured by Tenova (Italy). The technological line will be installed in a separate building with an area of more than 15 thousand m2. Currently, foundation work is underway, metal structures of the future production building are being assembled. Installation of technological equipment is scheduled for the 3rd quarter of 2021.
Currently, galvanized steel at the Lipetsk site is produced at four units with a total capacity of 1.25 million tons per year. The launch of ANGTs-5 in 2022 will allow NLMK Group to increase its output of high value-added products and strengthen its competitive advantage in the production of rolled products with promising types of protective coatings.
Information about NLMK Group
NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the world's most efficient manufacturers of steel products.
NLMK Group 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 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.
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