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Novolipetsk Steel

July 5, 2019

NLMK Corporate University joins EFMD association

The Corporate University of NLMK Group, a global steel company, has become a member of the European Foundation for Management Development (EFMD), a leading international association.

This not-for-profit membership organization brings together leading business schools and companies committed to developing management systems. EFMD offers accreditation services to business schools, corporate universities, and training programmes, and promotes business education. The association numbers nearly 900 member organizations in 88 countries.

Valentina Satarova, Head of NLMK Corporate University, said:

“Joining the EFMD is an important step towards exchanging best practices and developing in line with international standards. EFMD is a professional community that brings together programme designers, professionals from academia, top global business school experts, business coaches, and corporate training experts. Joining the association will propel the development of NLMK Corporate University.”

About NLMK Corporate University

NLMK Group’s Corporate University is a training and re-training center for NLMK staff. Training is based on the “Leaders Teach Leaders” model with managers cascading knowledge down to the next level of management.

In addition to developing basic leadership training programmes, the NLMK Corporate University team supplies staff with scientific and technical materials, expands NLMK’s professional library, assists in holding conferences, strategic sessions and workshops, develops online courses and organizes e-learning for employees.

About NLMK Group

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.

NLMK Group’s high-quality 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 the most 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 0.25õ. The Company has investment grade credit ratings from S&P, Moody’s, Fitch and RAEX (Expert RA).

NLMK’s ordinary shares with a 19% 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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