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- NLMK Group implements further social support programmes amid COVID-19 pandemic
NLMK Group implements further social support programmes amid COVID-19 pandemic
NLMK and its social partner, the Mercy (‘Miloserdiye’) Charitable Foundation, continue to provide support to NLMK employees and local communities in regions where the Company operates in the face of the second wave of the COVID-19 pandemic:
- 46,000 Russian employees of the Group will receive a one-time cash payment before the end of November. The Company will pay out a total of RUB 1.4 billion to its employees. NLMK will also cover the corresponding income tax.
- Additionally, by the end of the year:
— A total of 10 medical facilities in the regions where the Company operates will receive expensive medical supplies needed to treat patients with severe COVID-19 and pneumonia, for a total of close to RUB 40 million;
— As many as 15,000 families with multiple children living in seven cities where NLMK operates will receive child benefits, the amount of payments totaling close to RUB 20 million.
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 competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2019, the Company generated $10.6 bn in revenue and $2.6 bn in EBITDA. Net debt/EBITDA stood at 0.7х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (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.
For NLMK Group’s photos and corporate videos, please visit our media library.
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