NLMK Group has started hot-testing the pulverized coal injection (PCI) unit at one of the largest blast furnaces of its Lipetsk plant, namely blast furnace No. 6 with a capacity of 3.1 million tonnes of pig iron per year.
The newly elected Board of Directors of NLMK Group today held its first meeting following the Annual General Shareholders’ Meeting. Vladimir Lisin was re-elected as Chairman of the Board.
Shareholders of NLMK Group at its Annual General Meeting held on 2 June 2017 voted to confirm Oleg Bagrin as the Group’s President and Chief Executive Officer; and to elect a new Board of Directors, which includes five independent directors.
The NLMK Group Annual General Meeting was held in Lipetsk on 2 June 2017. NLMK shareholders approved the payment of dividends for FY2016 in the amount of 9.22 rubles per ordinary share. Taking into account the interim dividends paid for 9M 2016 in the amount of 5.84 rubles per ordinary share, the amount outstanding to be paid in dividends for Q4 2016 is 3.38 rubles per ordinary share. Shareholders also approved the payment of dividends for Q1 2017 in the amount of 2.35 rubles per ordinary share.
At an Annual General Meeting held on 31 May 2017 in St. Petersburg, members of the Russian Steel Association elected the Chairman of the Board of Directors of NLMK Group Vladimir Lisin as their new President. Mr. Lisin will preside over the Association for the next two years.
NLMK Group has taken steps to improve customer service by introducing guarantees of the decorative and protective properties of polymer coatings which range from 10 to 35 years.