NLMK and Posco Engineering & Construction enter into cooperation agreement

Projects implemented as part of the agreement are aimed at boosting the efficiency of technological processes, including hot-end operations; and controlling the quality of products at NLMK’s main production site; implementing best practices and advanced technologies, for instance, for pre-painted steel production; and mastering new types of HVA products.

The General agreement was signed by Sergei Filatov, NLMK Managing Director, and Deuk Hee Lee, Senior Vice-President of Posco Engineering & Construction. Under the agreement, NLMK and the South Korean company are going to cooperate in the area of equipment and technology supplies, planning and implementation of investment projects, automation and project management.

NLMK Managing Director Sergei Filatov said:

“NLMK Group is continuing to successfully implement its strategic programme aimed at modernization and boosting the operational efficiency of production as part of Strategy 2017. Cooperation with a South Korean partner is the next step in strengthening NLMK’s leadership positions in the sector, and in ensuring the sustainable development of the Group, as well as the diversification of equipment and technology suppliers in the long term.”

Posco Engineering & Construction and Lipetsky Gipromez (a design institute that is part of NLMK Group) agreed on a long-term partnership and are currently discussing the specific forms and programmes of cooperation in providing high quality design services on the Russian market.