At a meeting held on March 1, the Board of Directors of NLMK Group resolved to convene NLMK’s Annual General Shareholders’ Meeting (AGM) on April 19. The Board of Directors recommended shareholders re-elect Grigory Fedorishin as NLMK Group President (Chairman of the Management Board) and CEO. The following nine members were put forward for election…
Izhstal has capitally repaired the bar-wire mill-250, which accounts for some 40% of the plant output. The mill produces rolled metal in rods and coils with the diameter of 6.5 to 52 mm. The products are in demand by the enterprises of the car, aviation, machine-building, military and oil and gas industries. In 2018 the…
Karabashmed has started assembling metal structures and sites needed to operate four new moist electric filters in the sulfur acid shop. The assembly will last for a month. The electric filters will be commissioned in June. (Ukrainian metal)
At a meeting held on March 1, NLMK Group’s Board of Directors recommended the company’s shareholders approve payment of Q4 2018 dividends of 5.80 rubles per share at the upcoming Annual General Shareholder Meeting (AGM), which would be held on April 19. This is equivalent to 100% of the company’s free cash flow based on…
The European Bank for Reconstruction and Development is no longer a Centravis shareholder. “For 9 years we have been in partnership with the bank. It has provided us with financial assistance during the crises, as we have been under pressure. In 2018 we bought out its share. But thus we received experience of working with…
NLMK Group announces the launch of its new Strategy 2022 and changes to its dividend policy. Strategy 2022 targets net gains of +$1.25 billion to EBITDA per annum, with $0.5 billion from operational efficiency programs that require no additional capex. Strategy 2022 is based on enhancing NLMK Group’s competitive advantages. Through operational efficiency initiatives and…
Coal produced in Russia-occupied Donbas, Eastern Ukraine, is shipped not only to Russia but also to Turkey and countries in Europe, namely the European Union member states, without the latter’s knowing that, as shipping documents are falsified to show that the coal is of allegedly Russian origin. “This does not mean that these countries intentionally…
In 2019, Italy will become a new export destination for Azerbaijan’s Ganja Aluminum Plant, a source at the company reported. The source noted that presently, almost all of the plant’s production was exported. “The company’s products are exported to a number of European countries and the former USSR countries, and in the coming months, exports…