NLMK Group almost halves occupational injuries at Russian sites
Systematic efforts have delivered a 41% year-on-year reduction of the Lost Time Injury Frequency Rate (LTIFR) per 1 million man-hours since the beginning of the year.
NLMK Group was able to achieve these results by using a preventive approach to organizing OHS management.
Victor Togobetskiy, NLMK Director of Occupational Health and Safety, said:
“Over the course of the year, we have made radical changes to our OHS management system. New rules and requirements; important initiatives aimed at improving working conditions and minimizing occupational risks; involving a wide range of personnel in OHS matters – all of these factors allowed us to significantly reduce the amount of injuries suffered. Our key goal is to achieve accident-free operations and to consistently reduce the level of occupational hazards.”
Victor Togobetskiy discussed the results of implementing best global OHS practices in the company at NLMK Group’s second Conference on Occupational Health and Safety held at the beginning of December in Lipetsk. Division heads and employees responsible for OHS at NLMK Group companies participated in the two-day conference.
Starting from 2014, all NLMK Group companies are running new programs entitled “Searching for Safety” and “Risk Management” which are aimed at identifying and mitigating risks that could lead to occupational incidents. NLMK is implementing a single methodology for identifying potential hazards; assessing risk criticality; and implementing advanced risk management practices. Staff are encouraged to get actively involved in the process of identifying occupational hazards and developing corrective measures.
About NLMK Group
NLMK Group is a vertically integrated steel company and Russia’s leading steel maker and manufacturer of rolled products with high added value. NLMK’s high-quality 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. During the first six months of 2014, the company generated $5.4 billion in revenue; $1,1 billion in EBITDA; and a net profit of $332 million.
NLMK’s ordinary shares are traded on the Moscow Stock Exchange (MICEX-RTS, ticker symbol: NLMK), and its global depositary shares are traded on the London Stock Exchange (ticker symbol: NLMK:LI).