NLMK Group recognized at STAR 4.0 Digital Industrial Innovation Competition
Two of NLMK Group’s digital services took home awards at the STAR 4.0 Digital Industrial Innovation Competition, held by Siemens together with the organizers of the INNOPROM International Industrial Fair and IPWeek 2021, the International Productivity Week.
The Hephaestus digital service was awarded a diploma in the Life Cycle Cost Reduction category. The Hephaestus service, aimed at optimizing intra-shop liquid steel logistics, is running in one of NLMK Lipetsk steelmaking shops. The service enables savings of up to RUB 100 million annually.
The Video Analysis of Atmospheric Emissions digital service was recognized in the Sustainable Development category. Using machine learning algorithms, it conducts online monitoring of the company's emissions into the atmosphere. The solution reduces the reaction time to deviations, and the system of deep incident analysis allows preventing their occurrence.
NLMK Group's digital transformation programme involves dozens of cross-functional product teams that develop, implement and improve hundreds of digital solutions. The company has created a digital ecosystem that ensures the effective work of the teams, the sustainability of the products created, knowledge accumulation and an environment for interaction with more than 30 partner companies, including through the creation of their own platforms for joint development and machine learning.
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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