NLMK expands cooperation with transformer manufacturers in India, USA and Turkey
NLMK Group, an internation steel company, has signed long-term strategic partnership agreements with leading manufacturers of components for transformers: Enpay (Turkey), KRYFS (India), National Material Company (NMC, USA).
Under these long-term agreements, NLMK Group will regularly supply transformer steel from its production sites in Lipetsk and Yekaterinburg, and offer expanded technical support. The parties also commit to expand cooperation in the field of new product development and market entry.
Ilya Gushchin, NLMK Group Vice President, Sales, said:
“We see this step forward in fostering long-term cooperation with our key clients – Enpay, KRYFS and NMC – as a positive development. These new agreements reflect our commitment to working together and building long-term relationships. NLMK Group is willing to grow deliveries of premium products to our strategic markets and help our partners make the best products in the world from our steel.”
NLMK Group produces transformer steel at its production sites in Lipetsk and Yekaterinburg. NLMK’s share in the global transformer steel market is about 10%.
Enpay produces transformer components at its plants in Turkey, India, Slovakia, and Bulgaria. Its products are exported to over 50 countries worldwide. Enpay’s customers include ABB, GE, Siemens.
KRYFS is India’s leading manufacturer of electrical components for transformers. The company has nine manufacturing facilities for the production of distribution and power transformers. KRYFS supplies its products to Latin America, North America, South East Asia, the Middle East and Africa.
National Material Company (NMC) is one of the largest independent steel service centres in North America. NMC operates ten production facilities and service centers located in the U.S. and Mexico to serve the manufacturing needs of customers in a wide variety of markets. NMC specializes in supplying, servicing and processing steel with unmatched efficiency, quality and service.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore windmills
NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.
NLMK has the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In H1 2018, the Company generated $5.9 billion in revenue and $1.7 billion in EBITDA. Net debt/EBITDA stands at 0.31х. The Company has investment grade credit ratings from S&P, Moody’s and Fitch.
NLMK’s ordinary shares with a 16% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1. For more details on NLMK shareholder capital please follow the link.
NLMK Group received Steel Industry Leadership Award at the prestigious 2016 Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical.
For more information on NLMK Group, please visit our website.
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