Supply of main equipment begins for NLMK’s new hot-dip galvanizing line
NLMK Lipetsk has received the first batch of main process equipment for the construction of its new continuous hot-dip galvanizing line (HDGL-5) with an annual capacity of 450,000 tonnes of rolled steel. This project, worth over RUB 12 billion, will enable the production of thin high-strength steel with increased corrosion resistance. As a result, NLMK will provide the automotive, white goods, and construction sectors with steels for manufacturing lighter, stronger, and more eco-friendly products.
The equipment for the unit was produced by Tenova (Italy). The process line will be installed in a separate building with an area of over 15,000 m2. Foundation works are currently underway, along with the mounting of metal structures for the future industrial building. Process equipment installation is planned for Q3 2021.
Currently, galvanized steel at NLMK Lipetsk is produced at four lines with a total annual capacity of 1.25 million tonnes. The 2022 launch of HDGL-5 will enable NLMK Group to boost its output of high-value-added products and enhance its competitive advantage in the production of rolled products with advanced protective coatings.
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. 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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