NLMK supplies NGO steel for Rostov region’s first-ever wind farm
NLMK Lipetsk, NLMK Group’s flagship production site, has delivered electrical non-grain oriented (NGO, or dynamo) steel to Ruselprom (Russian Electrotechnical Group), a leading manufacturer and supplier of electrical machinery in Russia. NLMK’s NGO steel will be used to manufacture generators for the Azov wind farm, Rostov region’s first-ever renewable energy project.
The 90 MW Azov wind farm will generate around 300 GWh of clean energy each year, offsetting around 260,000 tonnes of CO2 emissions per annum.
NLMK steel will be used to make wound rotor induction generators, with a capacity of 3.5 MW each. The use of NLMK NGO steel with low magnetic properties will enable a 10-15% increase in the energy efficiency of Ruselprom’s electrical machinery.
Ilya Guschin, NLMK Group Vice President, Sales, said:
“NLMK Group and Ruselprom have a long-standing partnership, which stretches back for more than 20 years. The high quality of our steel delivers additional competitive advantages for our client, fueling their leadership in the electrical machinery market.”
NLMK Group produces non-grain oriented (dynamo) electrical steel at its facility in Lipetsk. NLMK’s share in Russia’s output of this high-tech product totaled 81% in 2018.
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 0.25x. The Company has investment grade credit ratings from S&P, Moody’s, Fitch and Expert RA.
NLMK’s ordinary shares with a 18.6% 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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