Lipetsk Gipromez, one of the largest engineering and project design companies in the Russian metals and mining industry and part of NLMK Group, has been rebranded and renamed to NLMK Engineering. The changes to the company’s name, logo and strategic positioning are a reflection of the extensive development it has undertaken over the last two years.
The company was founded in 1960 as a branch of the State Institute for Design of Metallurgical Plants and was engaged in designing the facilities for Novolipetsk Metallurgical Plant, which has been known as NLMK Lipetsk since 1983. Today NLMK Engineering is involved in up to 400 engineering projects each year, more than 15% of which are for third-party customers in various industries.
The updated brand reflects the widespread changes at the engineering company. The former NLMK in-house design company has progressed to become a well-known engineering company in the global market. NLMK Engineering possesses unique expertise and extensive experience designing facilities in a variety of fields, including the metals industry, power engineering, mechanical engineering and transport.
Konstantin Lagutin, NLMK Engineering Chairman of the Board, NLMK Group VP for Investment Projects said:
“The company has been implementing its target efficiency improvement and development programme for more than two years. The changes that have been made during this period and the forthcoming development called for a new vision, new approaches and new positioning. The rebranding reflects our commitment to the highest standards of efficiency and quality in design services, for internal and external customers alike. I have no doubt that NLMK Engineering will bolster its leadership position in quality design services for industrial construction thanks to its extensive experience and advanced technologies for project design and management”.
NLMK Engineering is engaged in integrated design of industrial facilities using the best global practices and technologies, including BIM technologies (Building Information Modelling), project scope and cost management software, a unique performance standards system for designers and a project management information system, as well as advanced CRM*-techniques. More than 50 years of knowledge and expertise enable the company to offer a full range of services from pre-design studies through to operational support and maintenance. The company has successfully cooperated with leading Russian and foreign engineering companies and suppliers of core process equipment including Paul Wurth, Alstom, Tenova, Danieli, and Uralmashengineering, which all attest to the excellent professional reputation of the company.
In recent years NLMK Engineering has been the general design contractor of a number of major project at NLMK Group's Lipetsk site, including Blast Furnace No. 7, the TRT station complex and PCI units for Blast furnaces No. 3 – 5. NLMK Engineering has undertaken work for third party customers including a power station overhaul, construction of an automotive components plant and an oil products loading rack, and renovation of a protective coatings shop, among others.
About NLMK Engineering
The company was founded in Lipetsk in 1960 as a branch of the State Institute for Design of Metallurgical Plants (Gipromez). The main task the company was engaged in was ensuring the efficient management of everything related to the construction of facilities at Novolipetsk Metallurgical Plant (now NLMK Group's Lipetsk site).
Today, NLMK Engineering is NLMK's general designer. The company has 537 employees; it is included in the top-100 largest Russian companies engaged in activities relating to architecture, engineering design, industry and construction.
In 2002, the design company was included in the unified register of the Russian State Committee for Construction (Gosstroy) as the “Best Company of the Russian investment and construction complex” in the field of design. In 2010, the company was awarded a Building Honour badge, the top public award of the Russian construction community. It also has three diplomas "For achieving high performance in the current economic conditions” from the All-Russian competition.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s high-quality steel products are used in various industries, from construction and machine-building to the manufacturing of power-generation equipment and offshore windmills.
NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.
NLMK has the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 2016, the Company generated $7.64 billion in revenue and $1.94 billion in EBITDA. As of 31 December 2016, Net debt/EBITDA stood at 0.36х. The company has an investment grade credit rating from S&P and Fitch.
NLMK’s ordinary shares with a 16% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). For more details on NLMK shareholder capital, please follow the link.
NLMK Group received Steel Industry Leadership Award at the prestigious 2016 Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical.
* CRM – Customer relations management