NLMK will increase its production capacity for galvanized steel
NLMK will increase its production capacity for galvanized steel
Novolipetsk Metallurgical Plant has started the implementation of the project for the construction of a continuous hot-dip galvanizing unit No. 5 (ANGTs-5) with a capacity of 450 thousand tons of rolled products per year. The new equipment will produce high-quality rolled products for the construction industry, the automotive industry and the production of household appliances.
In 2019, NLMK signed a contract with Tenova (Italy) to perform basic engineering and supply the main process equipment. The start-up of the equipment is scheduled for 2022. Investments in the project will amount to more than RUB 12 billion.
Currently, the production of coated rolled products at the Lipetsk site includes four continuous hot-dip galvanizing units with a total capacity of 1.25 million tons per year and three polymer coatings with a capacity of 0.55 million tonnes per year.
Information about NLMK Group
NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the most efficient producers in the world steel products.
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 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's revenue in 2019 was $ 10.6 billion, EBITDA was $ 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 ordinary shares, which free-float is 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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