International rating agency Moody’s has upgraded the long-term credit rating of NLMK Group, an international steel company with operations in Russia, the United States, and the European Union, from Ba1 to investment grade Вaa3, with a positive outlook. The decision follows a rating action to raise Russia’s sovereign ceiling, which took place on January 25.…
In 2017 Lipetsk region exports grew by 41.6% YoY, to $3977.6 million. The main partners of the region were Turkey, Mexico, Belgium and Denmark. At the same time Novolipetsk Iron and Steel Works provided the lion’s share of all exports – 95.5%. (Ukrainian metal)
NLMK-Kaluga has finished the lighting modernization project. The project improved labor conditions and decreased electricity consumption 3-fold. The project began in 2016. The assembly of the new equipment was carried out in H2 2017. Investments totaled 39 million rubles. Some 2117 lambs were replaced, decreasing electricity consumption from 9.9 million kW-h per year to 2.8…
In 2017 NLMK Group steel output increased by 3% YoY, to 17.1 million tons. Group steelmaking capacities were running at 98%. NLMK Group sales in 2017 grew to 16.5 million tons, up by 3% YoY. Sales of finished steel increased by 5%, to 10.8 million tons, accounting for more than 65% in the group’s total…
At a meeting on January 16 directors of NLMK Group resolved to convene an Extraordinary Shareholder Meeting on March 12 to elect a new president (CEO) and chairman of the management board. The EGM will be held by absentee ballot. The date upon which the shareholders entitled to participate in the EGM will be determined…
NLMK-SAP Innovations Lab together with the National Center of Internet of Things (NCIT) have developed a pilot 3D positioning system for shop-floor employees of hot-dip galvanizing line No.1 at NLMK Group’s Lipetsk site. The system enables real-time tracking and analysis of equipment operating mode changes and employee positioning. The tracking information, amassed in a database,…
NLMK Group, an international steelmaking company with operations in Russia, the USA, and the European Union, is the first steelmaking company in the CIS to introduce new generation SAP S/4HANA business suite. This platform will not only streamline current business processes but also enable the use of cloud, Internet of Things and Machine Learning technologies…
NLMK Group, an international steelmaking company, has appointed Mikhail Arkhipov Vice President for Human Resources and Management System effective as of January 10. Arkhipov will coordinate HR management practices across all production sites of NLMK Group; ensure service support to business and further development of human capital management systems. The new VP will also promote…
