Press releases
Novolipetsk Steel, NLMK (LSE: NLMK), the leading Russian steel producer, is pleased to announce that it has agreed to acquire 100% of the issued share capital of VIZ Stal, the second largest Russian electrical steel manufacturer, for USD 550 million. The acquisition is to be financed in full from NLMK’s existing cash funds.
NLMK has passed recertification audit for compliance of its quality management system with the requirements of ISO-9001 : 2000 international standard, as well as compliance audit of the quality management system used for the production of hot rolled coils from carbon steel grades in accordance with the requirements of EC Directive – 97/23/EG and German Technical Rules - AD 2000 W.
Novolipetsk Steel (NLMK) has started construction of the first in Russia grain-oriented electrical steel laser treatment system with planned annual production capacity of up to 40 thousand tonnes. The implementation of this project elaborated within the framework of Company’s R&D activities will allow producing a new high value-added steel product with high level of magnetic properties.
OJSC Novolipetsk Steel (NLMK) announces that it completed a tender offer for OJSC KMA Ruda ordinary shares on 27 April, 2006. As a result of the tender offer, NLMK purchased 8.59% ordinary shares increasing its ownership in KMA Ruda to 84.85%.
A new turbine generator with a total installed capacity of 25MW has been commissioned at the Cogeneration Plant of OJSC “NLMK”.
Novolipetsk Steel adopted its Resource Efficiency Policy declaring lowering production costs and reduction of energy intensity in steel production process as its primary goals.
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