NLMK Group presents digital transformation projects at SAP Forum
NLMK Group, a global steel company, presented its digital transformation projects, both already completed and those under development, at the international SAP Forum 2018.
Oleg Bagrin, Chairman of NLMK Group’s Board of Directors Strategy Committee spoke at the plenary of the Forum. He talked about the digital transformation projects that the Company has implemented or launched over the last several years. One of these projects involved the implementation of a new mining and geological IT system at Stoilensky, which uses a 3D model of the open-pit mine. The system enables simulation of the optimal mine development plan for 40 years ahead. This new technology makes mining ever more efficient with minimal costs. A promo video of the project is available here.
NLMK Group presented several joint projects with SAP at the Forum, including those being developed by the first Co-Innovation Lab in the Russian steel sector, established in February 2017. Heads of the Co-Innovation Lab presented a 3D worker positioning system for production facilities, which reduces safety risks and improves work time efficiency. For more info about the prototype, please follow the link.
NLMK also presented its "Cash Flow Forecasting" project, which can predict cash inflows from NLMK customers over a 30-day horizon, enabling the optimization of financial reserves. Specialists and managers from other Russian and CIS steel companies learned about a pilot model for predicting blast furnace tuyere replacement time, which will improve the efficiency of the furnaces and reduce unplanned downtime. For more info on the project, please follow the link.Oleg Bagrin, member of NLMK’s Board of Directors, said:
“Established in 2017, the NLMK-SAP Co-Innovation Lab is taking its first steps. Yet major Russian steel companies are already displaying keen interest in its projects. The key for us is to cultivate a culture of innovation, to create a conducive environment for such projects, that will drive the digital transformation of such a conservative sector as steelmaking down the line.”
For more photos of the panel session and other Forum events, please follow the link
SAP Forum Moscow is the largest annual SAP business forum in the CIS. As many as 5,000 people participated in the Forum in 2018. There were 70 stands from SAP, its customers and partners, as well as 17 expert zones showcasing technological solutions.
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 2017, the Company generated $10.065 billion in revenue and $2.655 billion in EBITDA. As of 31 December 2017, Net debt/EBITDA stood at 0.35х. 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 the 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.
For NLMK Group’s photos and corporate videos, please visit our media library.