NLMK Creates US and European Business Divisions
08/04/2011 - NLMK has created two new business divisions, NLMK Europe and NLMK USA, following the company’s July 1 acquisition of the rolling business of Steel Invest and Finance.
NLMK announced this week the creation of two new business divisions - NLMK Europe and NLMK USA. The announcement follows the company’s July 1 acquisition of the rolling business of Steel Invest and Finance, which was formerly a joint venture between NLMK and Duferco Group.
NLMK Europe is a manufacturer of innovative flat products combining all of NLMK Group’s European production and distribution facilities. The division employs 3000 people at six production sites specialized in hot rolling (including thick plates manufacturing), cold rolling and coating (galvanizing and pre-painting) and a network of steel processing and distribution units in close proximity to the end users.
NLMK Europe is a manufacturer of innovative flat products combining all of NLMK Group’s European production and distribution facilities. The division employs 3000 people at six production sites specialized in hot rolling (including thick plates manufacturing), cold rolling and coating (galvanizing and pre-painting) and a network of steel processing and distribution units in close proximity to the end users.
NLMK’s industrial model is unique for Europe and is based on the efficient supply of semi-finished products from Russia to flexible high quality European processing facilities, close to key customers. NLMK has successfully implemented this model at DanSteel, a Danish plate producer, where it has been applied since 2002.
The new NLMK Europe division comprises two business units, Strip Products and Plate Products.
· NLMK Europe Strip Products, a business unit combining European flat strip operations, has an annual production capacity of 2.6 million tonnes at the following three production sites as well as a network of service centers:
o NLMK La Louvière (formerly Duferco La Louvière)
o NLMK Coating (formerly Duferco Coating (Beautor))
o NLMK Strasbourg (formerly Sorral)
· NLMK Europe Plate Products has an annual production capacity of 1.93 million tonnes at the following three production sites. The synergies between the three facilities will allow NLMK to offer its clients a full scope of products ranging from very thin/narrow to very thick/wide plates, as well as tool steel.
o NLMK Clabecq (formerly Duferco Clabecq)
o NLMK Verona (formerly Verona Steel)
o NLMK DanSteel (formerly DanSteel)
NLMK has named Horacio Malfatto, formerly Chief Executive Officer of Steel Invest and Finance, as Chief Executive Officer of NLMK Europe. NLMK Europe Strip Products will be headed by Ben de Vos, formerly a Director of La Louvière plant. Igor Sarkits, formerly a Director of DanSteel, has been appointed CEO of NLMK Europe Plate Products.
The new NLMK USA division has a diversified base of flat steel producing assets comprising the following three production sites manufacturing slabs, hot-rolled, cold-rolled and galvanized products. It has an electric arc furnace (EAF) steelmaking capacity of approximately 730,000 tonnes and hot-rolling capacity of 2.7 million tonnes. The new division brings synergies through a common distribution structure offering a wide range of steel products to the construction, pipe and tubes and machinery sectors in the United States.
· NLMK Indiana
· NLMK Pennsylvania (formerly, Duferco Farrell)
· Sharon Coating (formerly Sharon Coating LLC)
Creation of new divisions was followed by the renaming of the entities previously forming part of Steel Invest and Finance.
