NLMK Group at Startup Village 2021
Grigory Fedorishin, NLMK Group CEO, and other company executives took part in Startup Village 2021, an international technology conference.
In a discussion on the impact of digitalization on business sustainability during a crisis, Grigory Fedorishin noted that digital solutions alone are not enough to protect businesses during a downturn, yet they help ensure the required rate of adaptability to change.
Grigory also pointed out that a digital transformation can be successful if it is a tool for achieving strategic goals rather than an end in itself. Changes related to digitalization have to be systemic. Focus should not be on easily available solutions or hype tools, but on changing the company's processes across all levels.
Nikita Vorobyev, NLMK Group Director of Environmental and Climate Affairs, spoke about one of the company’s digital solutions at the Environmental Monitoring and the Carbon Footprint of Companies session. He presented the case of automated environmental monitoring systems that enable air quality monitoring in the cities where the company operates, including with the help of machine vision.
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 a highly competitive competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2019, the Company generated $10.6 bn in revenue and $2.6 bn in EBITDA. Net debt/EBITDA stood at 0.7х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (Expert RA).
NLMK’s ordinary shares with a 20.7% 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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