As a result of measures taken in 2013 to improve energy efficiency, NLMK Group (LSE: NLMK) has saved more than RUB 850 million.
NLMK Group’s Strategy 2017 forecasts that its energy efficiency improvements will lead to an annual increase in EBITDA of around USD 88 million.
NLMK Group has successfully passed certification audits confirming that its production of special-size slabs from high-strength and corrosion-resistant steel grades is compliant with the requirements set forth by certifying agencies Det Norske Veritas (Norway), Lloyd’s Register (Great Britain), and the Russian Maritime Register of Shipping (Russia).
Following the audits, which were conducted in accordance with the rules of the International Association of Classification Societies (IACS), NLMK obtained new certificates extending the scope of application for slabs from F and FH high strength steels and in new sizes – 355 mm thick and 2,200 mm wide.
On 7 February 2014, the Arbitrazh Court of Moscow decided to recover from Nikolai Maximov over RUB 7.3 billion in favor of NLMK, declaring invalid the Agreement of 2007, under which NLMK bought a controlling share (50%+1) in Maxi-Group, as concluded under the influence of fraud on the part of Mr. Maximov.
Moreover, an appraisal was conducted as part of the proceedings, revealing that the cost of the controlling shares in Maxi-Group at the moment of purchase was 2 times lower than the advance payment made by NLMK in favor of Mr. Maximov when concluding the deal.
NLMK had announced the launch of its “Strategy 2017”. “Strategy 2017” targets net gains of $1.0 billion per annum and contemplates total new investment of $1.6 billion. “Strategy 2017” is focused on unlocking significant internal potential of the Group’s businesses by boosting operational and process efficiency across the entire production chain, enhancing vertical integration into key raw materials, increasing sales of high-value added (HVA) products, and pursuing environmental, safety and human capital development programmes.
NLMK Group (LSE: NLMK) has joined the Russian Anti-Corruption Charter for Business, an initiative by the Russian Union of Industrialists & Entrepreneurs (RUIE).
Joining the Charter represents a strong statement of NLMK’s commitment to further promote best practices in transparent and responsible business and corporate governance in Russia, as applied by the Group. It is also testament to their contribution to the fight against corruption, as well as to developing standards for conducting business honestly and impartially, in close cooperation with the Russian authorities and other companies.
NLMK Group (LSE: NLMK) announces the appointment of Ilya Guschin as Vice President for Sales. Sergei Khorn, former acting Vice President for Sales, is appointed his deputy.
Ilya Guschin is responsible for coordinating NLMK Group’s sales divisions in order to enhance their efficiency. Service centers and sales companies currently offer an uninterrupted supply of NLMK Group’s steel products and a high quality of service to consumers in over 70 countries around the world.
NLMK Group has launched new OHS programs at all of its Russian sites. The initiative was announced by Oleg Bagrin, NLMK Group CEO, at NLMK Group’s First OHS Conference held on 10-11 December in Lipetsk.
The new programs are based on a preventative approach to management of OHS risks through application of a uniform methodology for identifying potential hazards; risk assessment; and introducing the most advanced risk management measures across all NLMK companies. The plan provides for the active involvement of all personnel in identifying production hazards and developing response measures.
NLMK Group (LSE: NLMK) continues to optimize its energy sector management. This process is part of developing an efficient and transparent functional/divisional management system covering all production sites in Russia and abroad; and a comprehensive program aimed at boosting business process efficiency.
At this new stage in developing the Energy Function, Alexander Starchenko, previously Director for Energy, was appointed to the newly created position of NLMK Group Vice President for Energy.
The July 2013 launch of NLMK Group’s next-generation steelmaking plant project, NLMK Kaluga, was recognized as the Event of the Year 2013 in Russian steelmaking. The decision was taken by a panel of experts as part of the international Metal Expo 2013 exhibition, taking place in Moscow on 12-15 November. The award was accepted by the CEO of the plant, Sergey Shalyaev, at the opening ceremony.
Russian steelmaker NLMK and pipemaking company OMK signed a new Agreement on long-term cooperation renewing the contract for the supply of slabs until and inclusive of 2016. These slabs will be rolled into plates at the new Vyksa Steel Works (VMZ) Mill-5000 (MKS-5000) to be further used for the production of large-diameter pipes.
The Agreement was signed by NLMK Group President Oleg Bagrin and OMK Group President Vladimir Markin, on 7 November at the Vyksa Steel Works as part of a ceremony to mark the supply of the half-millionth tonne of slabs from NLMK to VMZ. The companies signed the initial contract in 2012.
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