NLMK Lipetsk has commenced a project to overhaul its pre-painting line (PPL-1) with a productivity of 195,000 tonnes of pre-painted steel per year. This upgrade will enable the company to increase strip quality, double the output of premium pre-painted steel grades, and reduce production costs.
NLMK Group's Board of Directors recommended NLMK shareholders to approve Q3'20 dividend in the amount of RUB 6.43 per share at the Extraordinary General Shareholder Meeting (EGM) which will be held on 18 December 2020. This sum includes one-off dividends of RUB 3.21 per share aimed at compensating the decrease in dividends in Q4 2019 following the resolution of the Meeting of Shareholders held on 24 April 2020.
NLMK Group (LSE: NLMK, MOEX: NLMK) is pleased to announce that in Q3 2020 its revenue increased by 3% qoq to $2.2 bn, EBITDA totalled $579 m (-1% qoq). NLMK Board of Directors recommended approving Q3 2020 dividends in the amount of RUB 6.43/share.
NLMK Clabecq, the leading Belgian producer of thin premium steel plates and a company of NLMK Group, has embarked on a 30 million euro project to upgrade its rolling mill, continuing to position itself as a key player in the thin-gauge steel plate market and in particular quenched and tempered steel plates.
NLMK Group, an international steelmaker, has topped the ‘People are the most valuable capital’ nomination in the annual SAP Value Award for integrating a system to evaluate employees’ individual contributions and remuneration based on the SAP HCM (Human Capital Management) software.
NLMK Lipetsk, an NLMK Group company has launched an anhydrous cooling system for blast furnace slag as part of its environmental upgrade programme. This will enable it to reduce hydrogen sulfide emissions in the corresponding area by 3.5x and keep the smell from this chemical compound to a minimum.