NLMK Lipetsk, the flagship site of NLMK Group, has completed assembly of the main process equipment at its Continuous Casting Machine No. 9 (CCM-9), one of its key Strategy 2022 projects. Commissioning and start-up are currently in progress at the production complex.
The upgraded CCM-9 will enable NLMK to fully master the production of ‘heavy’ slabs with increased chemical purity and structural homogeneity, a one-of-a-kind product mix in Russia. The CCM will produce semis weighing up to 70 tonnes, up to 400 mm thick and up to 2,800 mm wide, for processing into thick plate. Such plates can then be used to produce large-diameter pipes, wind turbine parts, marine vessels, and oil drilling rigs.
Investment in the project amounted to RUB 12 bn. The new machine’s capacity will be 1.8 m t per year. NLMK plans to launch the complex and manufacture the first products in June 2020.
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’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.