NLMK Group (LSE: NLMK), the largest steel producer in Russia and one of the most efficient steel companies in the world, is pleased to announce the appointment of Galina Khristoforova as Director for the Environment.
Prior to joining NLMK, Galina Khristoforova was in charge of environmental safety at leading Russian and international companies.
The new role of Director for the Environment was introduced at NLMK Group in order to improve the environmental component of the unified global system of occupational health, safety and the environment.
Viktor Togobetsky, NLMK Group Vice President for Occupational Health and Safety and the Environment, said:
“NLMK Group’s environmental policy is based on the principle of ensuring efficient production while minimizing the environmental footprint. The new director will be charged with further improving the environmental management system at NLMK Group’s Russian and international assets through efficient management of environmental risks and implementing advanced environmental technologies.”
NLMK Group has achieved unprecedented results in improving the environmental characteristics of its operations and reducing its environmental footprint. Since 2007, NLMK Group has invested approximately $1 billion in environmental projects and initiatives. During this period, production has increased by 76%, while emissions have been reduced by 46%. Discharge into water is down to less than 2% of earlier levels thanks to, among other factors, a closed-loop water cycle at Novolipetsk, NLMK’s main production site in Lipetsk.
In May 2014, NLMK Group announced the launch of the third stage of its environmental programme, covering the period up to 2020 (Environmental Programme 2020). This programme is part of the Group’s development strategy and investment programme. It is aimed at further minimizing NLMK’s environmental footprint and achieving the best possible environmental standards in global steel production.
Galina Khristoforova graduated from the Physics and Chemistry Faculty of the Lensovet Leningrad Technological Institute, majoring in “Personal and environmental protection technologies”. She is a certified environmental auditor in accordance with ISO 14000 and ISO 19000 international standard requirements. Associated member of IEMA (Institute of Environmental Management & Assessment, Great Britain).
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world. NLMK’s metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and offshore wind turbines.
NLMK's production assets are located in Russia, Europe, and the United States. The Company’s liquid steel production capacity is over 17 million tonnes per year, of which about 16 million tonnes are produced in Russia.
NLMK has the most competitive cash cost among global manufacturers; and one of the highest profitability levels in the sector. The company generated $6.37 billion in revenue; $1.63 billion in EBITDA; and a net profit of $891 million in 9M 2015. Net Debt/EBITDA is 0.5.
NLMK’s ordinary shares are traded on the Moscow Stock Exchange (ticker symbol: NLMK), and its global depositary shares are traded on the London Stock Exchange (ticker symbol: NLMK:LI). The company has a BBB- credit rating.