NLMK automotive sheet meets international standards, BSI audit confirms

The Lipetsk site of the NLMK Group has once again successfully passed a recertification audit confirming compliance of its output with the international standard ISO/TS 16949:2009 ‘Quality Management Systems. Particular requirements for the application of ISO 9001:2008 for automotive production and relevant service part organizations’.

British Standards Institution (BSI) experts examined the working documentation and technological processes that confirm metal quality testing at all stages of production. 

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Russian Helicopters: Attractive Investment In Russian Defense

Russian Helicopters is to raise up to $500 million via an IPO of 30% of its shares, $250 million of which will be newly issued shares and the other $250 million would be raised through the sale of some existing shares currently owned by Oboronprom. 

The cash raised by the IPO process will be distributed the following way. $250 million of the cash is to be spent on debt refinancing and buying out minorities of subsidiaries under the obligatory buyout offer. 

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