NLMK Group, an international steel company, has signed a memorandum on industrial cooperation with electrical equipment manufacturers from the Eurasian Economic Union. NLMK plans to promote the development of the technology to manufacture next generation energy efficient transformers from high-permeability electrical steel (HGO).
The memorandum has already been signed by transformer manufacturers from Russia, Belarus, and Armenia, and cooperation is open to all Eurasian market participants.
Partnership members commit to carrying out joint R&D projects, developing and implementing new energy efficiency standards, and promoting Eurasian next generation transformer products on global markets, among other initiatives.
NLMK Group is Russia’s only manufacturer of transformer steel with advanced magnetic properties. NLMK’s share in the global transformer steel market is about 10%. (NLMK/Ukrainian metal)