At NLMK Lipetsk, start-up is underway at a new facility for the production of steel products, a continuous casting machine (CCM-9).
The productivity of CCM-9 is 1.8 million tonnes of steel per year. The company plans to use the equipment to master the production of a premium mix of products that will be used to make wind turbine parts, marine vessels, oil drilling rigs, and large-diameter pipes. These products will be supplied both to the Russian and international markets.
The CCM-9 construction project was implemented over the course of 14 months, with up to 700 NLMK and contractor employees working on the project during peak periods. Over 5,000 tonnes of equipment and steel structures were assembled for the project.
Total investment exceeded RUB 12 billion.
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’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.