NLMK pilots IoT and AI innovations
NLMK Group, a global steel company, has entered into a strategic partnership agreement with AILA, the Artificial Intelligence Laboratories Association, to strengthen cooperation in production process digitalization, including Internet of Things and artificial intelligence technologies.
NLMK and AILA already have a number of joint pilot projects. For instance, NLMK Group and AILA member BiometricLabs are currently testing mobile wireless vibroacoustic sensors for detecting leaks in production facility pipelines. Such sensors continuously monitor the condition of underground communications in real time, potentially enabling faster detection of damaged sections. This system will reduce the number of leaks and boost the reliability of equipment water supply.
NLMK Group has already screened thousands of startups via its external innovation evaluation platform, with over 100 solutions already implemented or being piloted.
To apply for cooperation with NLMK Group, please use the website.
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. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and 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.
For more details on NLMK Group, please visit our website.
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