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 Novolipetsk Steel plant | |
Native name | OAO Новолипецкий металлургический комбинат |
|---|---|
| Company type | Public (OAO) |
| MCX: NLMK LSE: NLMK | |
| Industry | Steel |
| Founded | 1931; 94 years ago (1931) |
| Headquarters | Lipetsk,Russia |
Key people | Vladimir Lisin (Chairman) Sergey Karataev (President, Chairman of the Management Board) |
| Products | Steel Steel products |
| Revenue | $16.2 billion[1] (2021) |
| $6.67 billion[1] (2021) | |
| $5.05 billion[1] (2021) | |
| Total assets | $12.2 billion[1] (2021) |
| Total equity | $6.44 billion[1] (2021) |
Number of employees | 60,200 (2013) |
| Website | http://nlmk.com/en/ |
Novolipetsk Steel, orNLMK, is one of the four largeststeel companies inRussia. NLMK's share of domestic crude steel production is about 21%. It primarily produces flat steel products, semi-finished steel products, and electrical steels. NLMK also produces specialty coated steels, as well as high-ductility and micro-alloyed steels. It is the 21st-largeststeel maker in the world. The larger NLMK group owns several other steel and mining companies, primarily in Russia.
Historically, theLipetsk area in central Russia has had substantialiron ore deposits. In 1702,Peter the Great ordered the construction of an ironfoundry there.
In 1931, Novolipetsk Iron and Steel began construction of aplant on the site of the iron ore mine.[2] Prospering down through the decades, Novolipetsk became ajoint-stock company in 1992 and then in 1993 began the process ofprivatization by distributing company shares to its employees. The company seems to be acquisitive; see the 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 steel output is sold in Russia.
The company's primary source of iron ore is nowStoilensky GOK, a company located 350 km from the mills at Lipetsk.
The largest of NLMK's acquisitions was a 50% stake in a joint venture with theDuferco 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. In 2021, the company's revenue amounted to 793 billion rubles.[3]
Other acquisitions include:
Since 2007, NLMK has implemented some investment projects onenvironmental protection. In 2009, it stopped discharges ofindustrial wastewater into the riverVoronezh. As a result of all the activities, the water consumption of the NLMK Group decreased from 120.4 million cubic meters per year in 2008 to 77.2 million cubic meters per year in 2012, and emissions into the atmosphere decreased by 40%.
NLMK reported TotalCO2e emissions (Direct + Indirect) for the twelve months ending 31 December 2020 at 33,587 kilotonnes(+1,365/+4.2% y-o-y).[4]
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 |
|---|---|---|---|---|---|
| 32,800[5] | 34,166[6] | 34,765[7] | 35,264[8] | 32,222[9] | 33,587[4] |
Media related toNovolipetsk Steel at Wikimedia Commons
