NLMK Group launches new startup portal
NLMK Group, a global steel company, has launched NLMK.lab*, a new internet platform, designed to attract partners for joint innovation projects.
This platform offers a convenient channel for developers to reach out to end business customers, and hands-on peer-review of their project. The best solutions will be field-tested at NLMK Group's production sites around the world.
NLMK offers its innovation partners a simple collaboration algorithm. Shortly after receiving the application form via the NLMK. lab website, NLMK experts will be in touch with the inventors to jointly evaluate the solution’s industrial applicability and potential. A pilot project will then be launched to test the effectiveness of the project and determine further scale-out and collaboration potential.
NLMK welcomes ideas aimed at improving the efficiency of existing production, repair and maintenance, logistics, energy, environmental, and other processes.
More than 250 startups have already been peer-reviewed by the Company, and more than 30 are being piloted.
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 2019, the Company generated $10.6 billion in revenue and $2.6 billion in EBITDA. Net debt/EBITDA stood at 0.7х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch and 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.
For more information about NLMK Group, please visit our website.
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* Currently available in Russian