print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases  Novolipetsk Steel REGISTER LOG IN

Press Releases > Novolipetsk Steel  all about the company

company search
all press releases
all Novolipetsk Steel press releases

Novolipetsk Steel

September 16, 2009

NLMK resumes transformer steel production in Lipetsk

NLMK is pleased to announce that it has restarted its transformer steel production shop in Lipetsk, which was stopped last April due to a slow-down in electrical steel sales on the international markets. The decision to resume transformer steel production in Lipetsk was taken due to improvement in the transformer steel market after an unprecedented slump in demand in November 2008.

Since April 2009, transformer steel has only been produced at the company’s VIZ-Stal facilities located in the Urals, resulting in the optimization of equipment utilization and the reduction of fixed costs.

In accordance with the target production program from September until the end of 2009, the transformer steel shop at the main site in Lipetsk will produce up to 1,700 tonnes per month.  This will help the company to increase its sales in Q4 2009 in accordance with market demand.

NLMK is one of the world’s leading transformer steel producers with a 20% share of the global transformer steel market and a 100% market share in Russia.  Facilities in Lipetsk and VIZ-Stal have capacities of 160,000 tonnes and 190,000 tonnes of transformer steel respectively.  NLMK Group’s total transformer steel production capacity is approximately 350,000 tonnes.

During the first 6 months of 2009, NLMK Group produced 47,000 tonnes of transformer steel. Key consumers of transformer steel are large producers of electrical equipment in China, Europe, the USA and Russia.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer