We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNLMK.L Regulatory News (NLMK)

  • There is currently no data for NLMK

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

NLMK upgrades its transformer steel facilities

27 Sep 2010 09:01

RNS Number : 3336T
OJSC Novolipetsk Steel
27 September 2010
 



 

NLMK upgrades its transformer steel facilities

 

Production has commenced at a new facility producing electric insulation coating for transformer steel at NLMK's main site in Lipetsk. The launch of the 60,000 tpa line is a further step in designing a process chain for manufacturing a new steel product type in Russia in 2011 - nanostructured high-permeability transformer steel ('HPTS').

 

The capacity of this new facility exceeds that of NLMK's existing electric insulation coating lines by 30%. The line's technical parameters allow for the metal heating and cooling rates required for HPTS production.

 

Refurbishment of a normalization line for hot flats and the construction of a new reversing mill with unique process capabilities are nearing completion at the Lipetsk site. The commissioning of these facilities scheduled for the end of this year will make it possible to produce HPTS at the main site in Lipetsk. The planned production capacity for this product will be around 60,000 tpa.

 

HPTS, designed for the electrical industry, has an especially low rate of magnetic loss and complies with the best available technologies (BAT) standards. Its application in power transformers will reduce specific losses of electric energy by 10-15%. With a steadily high demand for high-permeability transformer steel in the global market, the company will be able to strengthen its position in the global transformer steel market and ensure stable sales for this product.

 

Investments into the construction of the electric insulation coating line for transformer steel totaled about RUR 1.5 bln (~USD 50 mln).

 

For reference:

NLMK Group is one of the global leaders in electrical transformer steel production. Production capacities of the Company at the main site in Lipetsk and in its Yekaterinburg based subsidiary VIZ-Stal exceed 340,000 tpa.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCKKODPOBKKCCB
Date   Source Headline
26th Dec 20229:00 amEQSNovolipetsk Steel: Upcoming delisting of Global Depositary Shares
26th Dec 20228:00 amEQSNovolipetsk Steel: Upcoming delisting of Global Depositary Shares
20th Dec 20222:00 pmEQSNovolipetsk Steel: Update on NLMK's depositary receipt programme
20th Dec 20221:00 pmEQSNovolipetsk Steel: Update on NLMK's depositary receipt programme
28th Nov 20224:00 pmEQSNovolipetsk Steel: Update regarding the coupon payment for the Eurobonds due 2024
28th Nov 20223:00 pmEQSNovolipetsk Steel: Update regarding the coupon payment for the Eurobonds due 2024
17th Oct 20221:00 pmEQSNovolipetsk Steel: Q3 & 9M 2022 NLMK Group Trading Update
17th Oct 20221:00 pmEQSNovolipetsk Steel: Q3 & 9M 2022 NLMK Group Trading Update
27th Sep 20223:30 pmEQSNovolipetsk Steel: NLMK GROUP PROVIDES UPDATE ON NOTEHOLDERS’ CONSENT SOLICITATION
27th Sep 20223:30 pmEQSNovolipetsk Steel: NLMK GROUP PROVIDES UPDATE ON NOTEHOLDERS’ CONSENT SOLICITATION
20th Sep 20221:08 pmEQSNLMK GROUP PROVIDES UPDATE ON NOTEHOLDERS’ CONSENT SOLICITATION
20th Sep 20221:08 pmEQSNLMK GROUP PROVIDES UPDATE ON NOTEHOLDERS’ CONSENT SOLICITATION
13th Sep 20229:00 amEQSNLMK GROUP PROVIDES UPDATE ON NOTEHOLDERS’ CONSENT SOLICITATION
13th Sep 20229:00 amEQSNLMK GROUP PROVIDES UPDATE ON NOTEHOLDERS’ CONSENT SOLICITATION
6th Sep 20223:30 pmEQSNLMK GROUP PROVIDES UPDATE ON NOTEHOLDERS’ CONSENT SOLICITATION
6th Sep 20223:30 pmEQSNLMK GROUP PROVIDES UPDATE ON NOTEHOLDERS’ CONSENT SOLICITATION
18th Aug 20223:00 pmEQSNovolipetsk Steel: Automatic conversion notice
18th Aug 20223:00 pmEQSNovolipetsk Steel: Automatic conversion notice
15th Aug 20224:30 pmEQSNovolipetsk Steel: LAUNCH OF NOTEHOLDERS’ CONSENT SOLICITATIONS
15th Aug 20224:30 pmEQSNovolipetsk Steel: LAUNCH OF NOTEHOLDERS’ CONSENT SOLICITATIONS
9th Aug 20229:00 amEQSNovolipetsk Steel: Notice to holders of depository receipts
9th Aug 20229:00 amEQSNovolipetsk Steel: Notice to holders of depository receipts
25th Jul 20229:00 amEQSQ2 & 6M 2022 NLMK Group Trading Update
25th Jul 20229:00 amEQSQ2 & 6M 2022 NLMK Group Trading Update
19th Jul 202212:00 pmEQSNovolipetsk Steel (NLMK): NOTICE TO NOTEHOLDERS
19th Jul 202212:00 pmEQSNovolipetsk Steel (NLMK): NOTICE TO NOTEHOLDERS
1st Jul 20222:00 pmRNSNLMK holds Annual General Meeting of Shareholders
7th Jun 20228:00 amRNSBoD recommends not to pay out 4Q21 & 1Q22 dividend
30th May 20228:30 amRNSChange in the composition of the BoD
24th May 20223:00 pmRNSNLMK Board of Directors resolves to convene AGM
16th May 202211:30 amRNSNLMK depositary receipts remain in circulation
4th May 20221:00 pmRNSChange in the composition of the BoD
22nd Apr 20222:00 pmRNSChange in the composition of the BoD
19th Apr 20225:00 pmRNSNotice on depositary receipts
4th Apr 20223:00 pmRNSS&P, Moody’s, and Fitch withdraw NLMK's rating
1st Apr 202212:00 pmRNSClarification on financial statements
5th Mar 20224:20 pmEQSFitch takes rating action on NLMK Group
1st Mar 20224:43 pmRNSSecond Price Monitoring Extn
1st Mar 20224:38 pmRNSPrice Monitoring Extension
3rd Feb 20228:00 amRNSNLMK GROUP 12M AND Q4 2021 IFRS FINANCIAL RESULTS
3rd Feb 20228:00 amRNSNLMK BoD recommends dividends for Q4'21
27th Jan 202210:00 amRNSNOTICE OF NLMK Q4 2021 IFRS RESULTS
20th Jan 202211:00 amRNSQ4 2021 AND 12M 2021 NLMK GROUP TRADING UPDATE
23rd Dec 202111:06 amRNSNLMK 2022 Financial Calendar
26th Nov 20211:00 pmRNSNLMK shareholders approve 3Q 2021 dividends
21st Oct 20219:00 amRNSNLMK Group Q3 2021 IFRS Financial Results
21st Oct 20219:00 amRNSNLMK BoD recommends dividends for Q3'21
13th Oct 202110:00 amRNSQ3 2021 and 9M 2021 NLMK GROUP TRADING UPDATE
27th Sep 20211:00 pmRNSNOTICE OF NLMK Q3 2021 IFRS RESULTS
27th Aug 20212:00 pmRNSNLMK shareholders approve 2Q 2021 dividends

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.