If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them 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
16th Jul 20141:08 pmRNSResults of Tender Offer
8th Jul 20142:55 pmRNSTENDER OFFER FOR NOTES DUE 2018 AND 2019
6th Jun 201412:32 pmRNSNLMK's Board of Directors meeting
6th Jun 201412:26 pmRNSResults of the 2014 Annual General Meeting
22nd May 201411:00 amRNSNLMK Group announces Environmental Programme 2020
20th May 20147:41 amRNSNLMK Q1 2014 US GAAP results
14th May 20148:04 amRNSNotice of Q1 2014 US GAAP results
30th Apr 20144:02 pmRNSNLMK Annual Report and Accounts 2013
22nd Apr 20148:20 amRNSNLMK Q1 2014 Trading update
16th Apr 20142:24 pmRNSNotice of AGM
28th Mar 20141:03 pmRNSNLMK 12M 2013 RAS financial results
27th Mar 20149:06 amRNSNLMK Q4 AND 12M 2013 US GAAP results
21st Mar 201412:11 pmRNSNotice of Results
10th Feb 20147:06 amRNSNLMK Strategy 2017
27th Jan 20147:16 amRNSNLMK Group Q4 and 12M 2013 Trading Update
13th Dec 201312:32 pmRNS2014 Financial Calendar
8th Nov 20137:08 amRNSNLMK Q3 and 9M 2013 US GAAP Results
29th Oct 20137:12 amRNSAccounting treatment of the transaction
29th Oct 20137:03 amRNSNotice of Results
18th Oct 201310:39 amRNS9M 2013 RAS financial results
17th Oct 20137:58 amRNSNLMK Group Q3 2013 Trading Update
30th Sep 201312:21 pmRNSNLMK brings in strategic investor for NLMK Europe
12th Aug 20137:59 amRNSNLMK Q2 and H1 2013 US GAAP results
7th Aug 20137:58 amRNSNotice of Results
23rd Jul 201310:49 amRNSNLMK launches next-generation EAF mill
22nd Jul 201310:38 amRNSNLMK Q2 2013 RAS financial results
18th Jul 20138:12 amRNSNLMK Group Q2 2013 Trading Update
7th Jun 20131:05 pmRNSResults of the 2013 Annual General Meeting
17th May 20138:13 amRNSNLMK Q1 2013 US GAAP results
14th May 20138:00 amRNSNotice of results
30th Apr 20131:45 pmRNSNLMK Annual Review 2012
19th Apr 20131:56 pmRNS2012 Dividend Recommendation and Notice of AGM
19th Apr 20131:16 pmRNSNLMK Q1 2013 RAS Financial Results
18th Apr 20132:49 pmRNSNLMK Q1 2013 Trading Update
26th Mar 20137:36 amRNSNLMK 12M 2012 and Q4 2012 US GAAP Results
25th Mar 20137:20 amRNSNotice of Results
18th Mar 20138:27 amRNSNLMK Q4 2012 and FY2012 RAS Financial Results
20th Feb 20137:00 amRNSUS$800 million 5-year Eurobond deal closed
30th Jan 20137:28 amRNSNLMK Group Q4 2012 and 2012 Trading Update
27th Dec 20127:04 amRNS2013 Financial Calendar
4th Dec 20124:29 pmRNSNLMK issues RUB10 billion bonds
9th Nov 20127:42 amRNSNLMK Q3 2012 US GAAP Results
6th Nov 201212:55 pmRNSNotice of Results
25th Oct 20122:36 pmRNSOleg Bagrin Elected President of NLMK
24th Oct 20122:33 pmRNSQ3 2012 RAS financial results
18th Oct 20127:50 amRNSNLMK Q3 2012 Trading Update
27th Sep 20128:05 amRNSNLMK closes its debut US$500m 7-year Eurobond
4th Sep 20124:51 pmRNSNLMK closes the order book BO-04 series bond issue
16th Aug 20124:51 pmRNSNLMK new position of Executive Vice-President
13th Aug 20122:06 pmRNSNLMK Board of Directors meeting results

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.