More NLMK Group companies join Steel Tree programme
NLMK Group, a global steel company, is pleased to announce the start of the third stage of its annual Steel Tree grant programme, which offers funding for environmental projects, landscaping and welfare improvement initiatives. In 2019, company employees in all major home regions in Russia will have an opportunity to compete for grants.
The programme was launched in early 2017 and enabled NLMK Lipetsk employees to implement more than ten community-oriented environmental initiatives with the financial support of NLMK’s ‘Miloserdiye’ charity fund. In 2018 the programme expanded its reach to include employees at NLMK’s companies in Stary Oskol (Belgorod region) and Zarinsk (Altai Krai). Now, an opportunity to participate in the grant competition is offered to employees at NLMK Kaluga (Kaluga region), NLMK Ural and VIZ-Steel (Sverdlovsk region).
The participants of the programme of the previous years implemented dozens of projects of social significance, which you can find on ‘Miloserdiye’ charity fund's website or on the programme's YouTube channel.
To participate in the competition, applicants should submit an application describing the project to firstname.lastname@example.org until June 1. After that, project management training will be organized for applicants free of charge; they will also receive support in elaborating their ideas. The competition committee, consisting of representatives of the fund, companies and local administrations, will sel ect authors of the best community-oriented initiatives who will receive grants of up to 300,000 rubles and organizational support for putting their ideas into practice.
About the Steel Tree programme
In the two years of the Steel Tree programme environmental enthusiasts completed as many as 33 community-oriented projects in Lipetsk, Zarinsk and Stary Oskol. Over 5,000 people participated in these initiatives. The programme gave an opportunity to environmental enthusiasts to clear public areas of garbage, renovate public gardens and city parks, plant trees, install interactive bins for waste sorting, set up special areas for sports, art and environmental research, and create symbolic works of art. Medical equipment was purchased for the Lipetsk regional out-patient clinic for drug addicts, which enables early detection of drug addiction in teenagers.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.
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 12M 2018, the Company generated $12 billion in revenue and $3.6 billion in EBITDA. Net debt/EBITDA stood at 0.25х. The Company has investment grade credit ratings fr om S&P, Moody’s, Fitch and RAEX (Expert RA).
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"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1. For more details on NLMK shareholder capital please follow the link.
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