NLMK Group to open centre for 3D printing of spare parts
NLMK Lipetsk has signed a contract for equipping a new 3D printing centre that will be used to manufacture spare parts for operating equipment. The project will enable annual savings of close to RUB 200 million on the procurement and supply of spare parts for the Lipetsk site and other NLMK Group companies.
The center's 3D printers will manufacture molds for casting parts using material jetting technology by applying powder and gluing it with a binder. Previously, such molds would be made with wooden patterns. Digital simulation will make it possible to manufacture shapes of any geometric complexity and check them for defects before casting, as well as reduce the lead time to several hours.
Successful 3D printing tests, in particular, with molds for casting blast-furnace tuyeres, preceded the decision to set up a 3D printing center. It will start off by producing about 150 different types of spare parts.
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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