NLMK Ural begins commissioning works at new wire galvanizing line
NLMK Metalware, an NLMK Group company, has completed the installation of main process equipment at its new wire galvanizing line in Berezovsky, Sverdlovsk region. Commissioning works are currently underway. The project will enable NLMK Metalware to increase its galvanized wire output by 40% and launch a new product: zinc-aluminium coated wire.
The corrosion resistance of zinc-aluminium coating is several times higher than that of pure zinc coating. It also ensures the metal’s resistance to high temperatures and adverse weather conditions. Key benefits of this coating include high ductility and improved weldability. Products made of zinc-aluminium coated wire, such as gabions, geogrids, and fences, have a substantially longer service life.
Investment in the project totalled RUB 540 million. The first products are planned for production in February 2021.
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. In 12M 2019, the Company generated $10.6 bn in revenue and $2.6 bn in EBITDA. Net debt/EBITDA stood at 0.7х. 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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