New equipment, designed for producing spare parts used in hydraulic cylinders of metallurgical facilities, has been commissioned at NLMK’s Maintenance Works.
OJSC Novolipetsk Steel NLMK (LSE: NLMK) is pleased to announce that it has agreed to acquire from a group of investors an 82% interest in "Altai-koks", coke-chemical plant, and a 100% interest in holding company Kuzbass Asset Holdings Limited, Gibraltar, which owns 100% of interest in "Prokopievskugol" Coal Company for about USD 750 million. The acquisition is to be financed in full from NLMK’s existing cash funds.
Novolipetsk Steel (NLMK) has been named The Best Steel Company in Russia by Global Finance Magazine.
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