NLMK Metalware expands fastener production capacity
NLMK Metalware, a leading fastener manufacturer in Russia, has launched a new production line with a capacity of 3,400 tonnes of self-tapping screws per year. The launch of the new facility will enable the Company to expand its presence in the Russian fastener market, primarily through import replacement.
NLMK Metalware has been manufacturing self-tapping screws used to secure wood, metal and plasterboard since 2005 at its 6,500 tonne production line. The second production line will enable the Company to grow fastener output by 50%.
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 cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2018, the Company generated $12 billion in revenue and $3.6 billion in EBITDA. Net debt/EBITDA stood at 0.25х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch and RAEX (Expert RA).
NLMK’s ordinary shares with a 19% 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.
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About NLMK Metalware
NLMK Metalware is part of NLMK Group’s Russia Long Products Division. It specializes in the production of wire and fasteners. NLMK Metalware is a leading manufacturer of low-carbon metalware in Russia. The plant is located in Beryozovsky (Sverdlovsk Region).
For more information about NLMK Metalware, please visit https://metiz.nlmk.com/en/