NLMK Group, an international metallurgical company, has signed a long-term strategic partnership agreement with the leading European manufacturer of components for transformers and power generation devices - LTC Group (Italy and the Middle East).

The agreement provides for regular supplies of electrical transformer and dynamo steel from NLMK Group's facilities in Lipetsk and Yekaterinburg, technical support from NLMK Group and expanded cooperation in the development and marketing of new products.

"Strategic agreement with a key client - the company LTC - brings our long-term cooperation to a new level of development. The agreement reflects mutual interest in joint and long-term work. This will enable our partner to produce the best steel products from NLMK and fully comply with our strategy to increase the supply of premium products to key markets, ”commented Ilya Gushchin, Vice President of Sales of NLMK Group.

NLMK Group produces electrical transformer steel at sites in Lipetsk and Yekaterinburg. NLMK Group manufactures electrical dynamo steel at the Lipetsk site. NLMK's share in Russian transformer steel production is 100%, dynamo steel - 81%.

About LTC Group

LTC Group is a leader in the processing of transformer steel in Europe and the Middle East. The company produces cores for all types of transformers. Particular attention is paid to work in the green energy sector. LTC Group supplies products for the production of transformers for wind power generation, photovoltaic power plants, hydroelectric power plants, cogeneration systems.

About NLMK Group

NLMK Group is a vertically integrated metallurgical the company, the largest in Russia and one of the world's most efficient producers of 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 2018 amounted to $ 12 billion, EBITDA - $ 3.6 billion. The Net Debt /EBITDA ratio was 0.25x. The company has investment grade credit ratings from S&P, Moody's, Fitch and RAEX (Expert RA).

NLMK's common 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.

You can download photos and corporate videos of NLMK Group from the media bank at the link.

Полная версия