Strategy 2017 target of $1 billion annual EBITDA gains has been achieved. Strategy 2017 delivered structural annual EBITDA gain of $1,019 million. Management initiatives contributed around $740 m (over 70%) to the result.
At a meeting held on 13 February 2018, NLMK’s Board of Directors considered the nomination for the position of the Company president (CEO) (Chairman of the Management Board) submitted by its majority shareholder. Grigory Fedorishin, who currently holds the position of Senior Vice President of NLMK, was approved as the top candidate to be voted on at the Extraordinary General Meeting of Shareholders. The Board of Directors also resolved to elect Oleg Bagrin as Chairman of the Strategic Planning Committee of NLMK’s Board of Directors.
NLMK Group has begun hot testing of its new turbine generator unit No. 5 at its Cogeneration Plant in Lipetsk. Once commissioned the new generator, which has a capacity of 60MW, will improve the reliability of the energy supply, reduce energy procurement costs by 3% and increase the share of in-house power generation from 53% to 59% of total energy consumption.
NLMK (LSE: NLMK) will be announcing its consolidated IFRS results for Q4 2017 on Tuesday, February 20, 2018.
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.
At a meeting held on the 16 th of January, directors of NLMK Group (LSE: NLMK), an international steel company, resolved to convene an Extraordinary Shareholder Meeting on the 12th of March 2018, with the following agenda: Election of a new President (CEO) and Chairman of the Management Board.
NLMK-SAP Innovations Lab together with National Centre 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.
NLMK Group (LSE: NLMK), an international steelmaking company with operations in Russia, the USA, and the European Union, is pleased to inform you that it has published its 2018 financial calendar on its web-site.
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.
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