NLMK La Louvière continues hot strip mill upgrade
NLMK La Louvière, an NLMK Group company and one of the leading strip product manufacturers in Belgium, has begun the pre-assembly of three new finishing mill stands for its hot strip mill upgrade that will enable the company to expand the production of thinner, stronger and more environmentally friendly steel for customers in the EU.
The pre-assembly is planned to last until November 2020, then dismantling of the old finishing mill stands will begin, followed by the installation of the pre-assembled and tested new ones.
The finishing mill stands are supplied by Primetals Technologies, a leading supplier of solutions for the metals industry. In 2019, Primetals Technologies were awarded the contract to modernize the hot strip mill.
The extensive upgrade and modernization include the installation of a state-of-the-art automation system, three new and three upgraded roll mill stands, new drives and motors, as well as a new run-out table, modernized cooling and water systems, and a new down-coiler.
The project will enable the mill to expand the production of high strength thin hot rolled coils, to increase the range of high-strength products and to provide customers with best-in-class surface tolerances.
Investment in the hot strip mill modernization will amount 150 million euro.
The first phase of the mill transformation is scheduled for completion by the end of 2020; the second phase will be completed in 2021.
About NLMK La Louvière
Located in Belgium, NLMK La Louvière focuses on the production of hot- and cold-rolled coils for the automotive, construction, and engineering industries. The site production capacity will be enhanced to 2,200,000 tonnes of hot-rolled steel and 1,500,000 tonnes of pickled steel. NLMK La Louvière is continuously expanding its range of products and steel grades of cold forming & deep drawing, structural and pipe steels, quenchable boron & high carbon steels, dual phase, ferro-bainitic steels and other advanced steel grades.
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 a highly competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2019, the Company generated $10.6 bn in revenue and $2.6 bn in EBITDA. Net debt/EBITDA stood at 0.7х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (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.
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