NLMK improves logistics of electrical steel

NLMK Group is growing the share of container deliveries of transformer steel coils in its total export supplies of this product.

NLMK has launched a pilot project to develop a new system of logistics at its main production site in Lipetsk: electrical steel coils will now be delivered in multi-tonnage containers. This will halve the costs of their transportation. 

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NLMK Brings Premium Products To The Russian Market – Abrasion-Resistant And High-Strength Quard And Quend Steels

NLMK Group is bringing new premium steel products to the Russian market – thick plate low-alloy abrasion-resistant Quard steel and structural high-strength Quend steel, both designed for use in the manufacture of construction and mining equipment and machinery.

NLMK will present these steel products, which are unique in Russia in terms of quality, in Moscow on 9–11 April, at the 18th International MiningWorld Russia Exhibition for the Mining and Processing of Metals and Minerals (Stand B 03). 

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NLMK Group expands funding for social programmes in 2013

In 2013, NLMK Group (LSE: NLMK) increased funding for social programmes by 6% to RUB 2.3 billion. Priority areas of NLMK Group’s 2013 Social Policy are: creating comfortable and safe working conditions; professional development and career growth; improved healthcare for NLMK employees and members of their families; organization of sporting and cultural events; and co-financing of additional non-state pension programmes.

Last year, approximately RUB 780 million was allocated for social programmes for NLMK Group employees: improvements in working conditions, disability and retirement benefits, and bonuses. 

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NLMK Group Saves Over RUB 850 Million in 2013 Through Increased Energy Efficiency

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.

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NLMK Obtains International Certificates For High-strength Steel Slabs

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. 

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Arbitrazh Court of Moscow orders Maximov to return RUB 7.3 billion to NLMK Group

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. 

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NLMK Group Enters A New Growth Phase With The Launch Of "Strategy 2017"

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. 

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NLMK Group Joins Russian Anti-Corruption Charter for Business

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. 

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NLMK Group appoints new Vice President for Sales

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.

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NLMK Group Improves Occupational Health And Safety Across Russian Sites

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. 

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