NLMK to enhance quality of pre-painted steel
NLMK Lipetsk has commenced a project to overhaul its pre-painting line (PPL-1) with a productivity of 195,000 tonnes of pre-painted steel per year. This upgrade will enable the company to increase strip quality, double the output of premium pre-painted steel grades, and reduce production costs.
The line overhaul will include the installation of a more energy-efficient water cooling system. Additionally, the PPL will be equipped with thickness meters to control the thickness of the polymer coating applied. Currently, this indicator can only be measured in a laboratory setting after the process cycle is complete.
The project is implemented jointly with the Italian DANIELI. Work is currently underway to develop the design documentation. Construction and installation will begin in March 2021 and take approximately two months. Investment in the project will exceed RUB 500 million.
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 wind turbines.
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 a highly competitive competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2019, the Company generated $10.6 bn in revenue and $2.6 bn in EBITDA. Net debt/EBITDA stood at 0.7х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (Expert RA).
NLMK’s ordinary shares with a 18.6% 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.
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