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Novolipetsk Steel

April 5, 2019

NLMK Group consolidates its digital transformation and IT practices

NLMK Group, a global steel company, is pleased to announce the appointment of Dmitry Kholkin to the newly created position of NLMK Group’s Vice President for Digital Transformation and IT. Previously, he served as Vice President for Digital Transformation.

The new function is formed by merging digital transformation and IT practices. Elena Demyanova, NLMK Group's former Vice President for the Development of Information Systems, moved to the Corporate Solutions Centre, where she will focus on building unified IT solutions for NLMK Group companies and Universal Cargo Logistics Holding international transport group.

Grigory Fedorishin, NLMK Group President, said:

“Consolidation of digitalization and IT under a single leader will link digital tools with the Company’s strategic goals and speed up our automation efforts aimed at streamlining our processes.” 

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 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 16% 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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