BALC Projects / Projects: Other /

Novolipetsk Steel

Lease of railway rolling stocks, vehicles and special equipment.

Total contract value: RUB 460 million
Financing: Syndicated loan from VTB Bank (Austria) AG и VTB Bank (France) SA
Lease term: from 21 to 61 months (depending on the types of the assets)

Novolipetsk Steel (NLMK) is a world class steel producer with operations spanning mining, steelmaking and rolling. The main production facilities in Lipetsk, the center of European Russia, are located within 350 km of Stoilensky, our main iron ore supplier, and close to key Russian customers and major transport routes. The company is among the world’s most profitable steel-producing companies with sales revenue of USD 11.7 billion and an EBITDA margin of 39% in 2008. NLMK produces pig iron, slabs, hot-rolled, cold-rolled, galvanized, pre-painted, transformer and dynamo steel. In 2008 it sold products to 70 countries across Europe, the Americas, Asia, Africa and the Middle East, and produced 15% of Russia’s steel.