OREANDA-NEWS. May 24, 2007. Novolipetsk Steel (NLMK) and the Austrian company Andritz AG will today sign an equipment supply agreement in Vienna. The total value of the agreement is approximately EUR 90 million.

Andritz AG will supply NLMK Group with two new rolling mills to modernise the company’s electrical steel production facilities:

- a grain- and non-grain-oriented steel rolling mill at the major production site in Lipetsk
- a reversing grain-oriented steel-rolling mill at VIZ-Stal production platform

The purchased state-of-the-art equipment will enable production of new high-technology specialty steels.

The agreement also provides for hot-dip galvanizing line at the company’s major production site in Lipetsk. The new line will produce 300,000 tonnes of zinc-coated rolled steel products with the possibility of processing them further into pre-painted steel. The Russian market has demonstrated strong demand for zinc-coated rolled steel products.

The new equipment will be installed throughout 2008 and 2009 as a part of the 2nd Phase of the Technical Upgrading Programme.