NLMK Group, an international steel company, won the ‘Leader in Competitive Procurement’ award, topping the ‘Company of the Year’ nomination.
The expert jury applauded the contribution of NLMK Group's procurement team to its procurement process development. Over the last five years, the Company has successfully implemented a Group-wide procurement information system that currently covers over 90% of NLMK Group's suppliers, and set up direct strategic partnerships with its key suppliers.
‘Leader in Competitive Procurement’ is a professional competition in trading and procurement. The mission of the competition is to create visibility for the most significant projects in procurement that boost business efficiency and contribute to overall market development. 220 Russian companies representing all sectors of the economy took part in this year’s competition . The Award’s Community Board made up of 70 independent experts in procurement named the winners in 14 nominations.
NLMK Group has previously won this competition as the ‘Leader in the Digitalisation of Procurement Processes’ in 2018, and as the ‘Leader in Procurement Efficiency’ in 2017. The award ceremony was held in Moscow at the Russian ‘Corporate Procurement 2019’ Summit.
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 Expert RA.
NLMK’s ordinary shares with a 18.6% 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.