Novolipetsk Steel

Summary
Public Joint Stock Company "Novolipetsk Steel", together with its subsidiaries, manufactures and sells steel products. It operates through six segments: Mining, Russian Flat Products, Russian Long Products, NLMK USA, NLMK DanSteel and Plates Distribution Network, and Investments in NBH. The Mining segment mines, processes, and sells iron ore, fluxing limestone, and metallurgical dolomite, as well as supplies raw materials to the steel segment and third parties. The Russian Flat Products segment produces and sells coke and steel products, such as pig iron, steel slabs, hot rolled steel, cold rolled steel, galvanized cold rolled sheets, and cold rolled sheets with polymeric coatings, as well as electro-technical steel. The Russian Long Products segment produces long products, reinforcing rebars, and metalware from scrap iron collection and recycling. The NLMK USA segment produces and sells steel products in the United States. The NLMK DanSteel and Plates Distribution Network segment produces and sells steel plates in Europe and internationally. The Investments in NBH segment produces hot rolled and cold rolled coils, plates, and galvanized and pre-pained steel products, as well as operates steel service centers. The company's products are used in oil and gas infrastructure, automotive, truck, railroad transportation, mining machinery, agriculture machinery, shipbuilding, special equipment, construction, white good, and energy equipment applications. It has operations in Russia, North America, the European Union, the Middle East, Commonwealth of Independent States, Central and South America, Asia, Oceania, and internationally. The company was founded in 1931 and is based in Lipetsk, Russia. Public Joint Stock Company "Novolipetsk Steel" is a subsidiary of Fletcher Group Holdings Limited.

History

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 joint-stock company 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.


Mission
Develop a competitive, integrated and profitable steel-mining business, driven by innovation, attractive to our employees and sustainable for the environment.

Vision
Create long-lasting value for society by being recognized as an industry-leading performer in growth, cost and environmental efficiencies.

Key Team

Mr. Likharev Sergey Konstantinovich (VP of Logistics & Member of the Management Board)

Mr. Sergey Chebotarev (VP of Energy & Environment and Member of the Management Board)

Ms. Averchenkova Tatyana Mikhailovna (Managing Director of Lipetsk & Member of the Management Board)

Mr. Arkhipov Mikhail Alekseevich (VP of HR & Management System and Member of the Management Board)

Mr. Dmitriy Kolomytsyn C.F.A. (Director of Corp. Fin. & IR)

Ms. Irene Spitzberg (VP for Technology Devel.)

Mr. Dmitry Donov (Gen. Counsel)


Recognition and Awards
In 2018, Novolipetsk Steel was named Russia’s Best Employer by Russia’s Top Employers institute. Additionally, the company has been listed on the FTSE Global Equity Index Series since 2006 and has been ranked among the top 10 steel employers globally from 2018-2020.

References
Novolipetsk Steel
Leadership team

Mr. Fedorishin Grigory Vitalievich (Chairman of the Management Board, Pres & CEO)

Mr. Shamil Ravilievich Kurmashov (VP of Fin., CFO & Member of Management Board)

Mr. Barend de Vos (VP of International Operations & Member of the Management Board)

Products/ Services
Electronics, Manufacturing, Mining, Precious Metals
Headquarters
Moscow, Moscow City, Russian Federation
Established
1931
Net Income
1B - 20B
Revenue
Above - 1B
Social Media
Sun Mar 03 2024
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