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NLMK Establishes Long Products Management Company

12/10/2009 - NLMK has established a new subsidiary, LLC NLMK-Long Products, to enhance the management of its long products business. The new company’s functions include the operation of all business processes, financial and commodity flows of long products.

NLMK has established a new subsidiary, LLC NLMK-Long Products, to enhance the management of its long products business.
 
The newly established company will function as the managing company for NLMK’s steel companies that specialize in the production of long products and metalware, including: OJSC Nizhne-Serginsky Metallurgical and Metalware Plant, CJSC Uralsky Plant of Precision Alloys, CJSC Berezovsky Electrometallurgical Plant, CJSC Kaluzhsky Electrometallurgical Plant, and companies from PO Vtorchermet. These companies produce commercial billet, wire rod, rebar, wire, nails, metal mesh, and fixing hardware.
 
NLMK says that the acquisition of the controlling stake in OJSC Maxi-Group and its subsidiaries resulted in the formation of this division.
 
The new company’s functions include the operation of all business processes, financial and commodity flows of long products. NLMK expects the managing company to enhance its long products business efficiency and cut down production costs along the value chain—from ferrous scrap collection and processing to high-value-added products manufacturing.
 
LLC NLMK-Long Products also takes on the functions of NSMMZ Trading House, which used to trade in long products and metalware, to optimize the distribution system for finished products.

Olga Naumova, Director for Long Products and Metalware of NLMK, has been appointed General Director of LLC NLMK-Long Products.
 
The company’s facilities incorporated under LLC NLMK-Long Products have capacity to produce 2.2 million tonnes per year of crude steel, 2 million tonnes per year of long products, and 0.56 million tonnes per year of metalware, with the rolling mill in Berezovsky being commissioned. Electrometallurgical plant in the Kaluga region, with the capacity of up to 1.55 million tonnes per year of crude steel and 1.5 million tonnes per year of long products, is under construction.