NLMK Group supplies heavy plate for large-scale wind power project in France
NLMK DanSteel, NLMK Group’s plant located in Denmark, has supplied heavy plate for an offshore wind farm project in the Bay of Saint-Brieuc, the first major wind farm in Brittany, France. NLMK DanSteel’s high-quality steel is used to manufacture components for wind turbine towers.
The Saint-Brieuc Bay wind farm, covering an area of 75 km2, will consist of 62 wind turbines. It is scheduled for launch in 2023. With the wind farm’s capacity close to 500 MW, there will be enough energy generated to supply electricity to more than 800,000 people, a quarter of Brittany’s population.
Leveraging the benefits of a recent capacity upgrade, NLMK DanSteel is planning to actively expand its product offering for the wind power sector.
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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