Novolipetsk Steel
.gif) |
|
| Public () | |
| Traded as |
MCX: NLMK : |
| Industry | Steel |
| Founded | 1931 |
| Headquarters | Lipetsk, Russia |
|
Key people
|
Vladimir Lisin (Chairman) Oleg Bagrin (President, Chairman of the Management Board) |
| Products |
Steel Steel products |
| Revenue |
 US$8.008 billion (2015)
|
 US$967 million (2015)
|
|
|
Number of employees
|
60,200 (2013) |
| Website | www |
Novolipetsk Steel, or NLMK, is one of the four largest steel companies in Russia. NLMK's share of domestic crude steel production is about 21%. It primary produces flat steel products, semi-finished steel products and electrical steels. NLMK also produces specialty coated steels, plus high-ductility and micro-alloyed steels.
Historically, the Lipetsk area in central Russia has had substantial iron ore deposits. In 1702, Peter the Great ordered the construction of an iron foundry there.
In 1931, Novolipetsk Iron and Steel began construction of a plant on the site of the iron ore mine. Prospering down through the decades, Novolipetsk became a in 1992 and then in 1993 began the process of privatization by distributing company shares to its employees. The company seems to be acquisitive; see list of related organizations. In 1998, Vladimir Lisin became the chairman. The manufacturing area in Lipetsk covers 27 square kilometers.
Less than half of NLMK's output of steel is sold in Russia.
The company's primary source of iron ore is now Stoilensky GOK, a company which is 350 km from the mills at Lipetsk.
Currently Novolipetsk Steel (NLMK) located in Lipetsk is one of the world's most profitable steel companies per tonne of production and by far the most profitable steel-making company in Russia, with an EBITDA margin of $2,28 bln (-3%). Company's revenue (US GAAP) in 2013 is $10,909 bln, net profit — $189 mln.
NLMK's assets are technically advanced and on par with its global peers. NLMK is fully self-sufficient in iron-ore through its 97% stake in Stoilensky GOK, Russia's 3rd-largest iron ore producer.
On December 15, 2005, the company listed 42 million (8.3% of the total number of shares) of its Global Depositary Shares (GDSs) on the (: ). Each GDS represents 10 ordinary shares.
In June 2006 NLMK altered its dividend policy and increased its target payout ratio from 15% to 20% of its net income under US GAAP. The company pursues the goal of bringing its total dividends over a five-year period to 30%.
NLMK's global M&A activity has been focused on assets which the company could effectively leverage for processing its low-cost slabs into high-value-added products in its key export markets. The largest of NLMK's acquisitions was a 50% stake in a joint venture with the Group in December 2006. The venture includes one steel plant and five rolling mills in Western Europe and the United States. The joint venture also includes service and distribution facilities located in Europe.
...
Wikipedia