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Berezovsky Electrometallurgical Plant to be incorporated within NSMMZ

Monday, 04 January 2010 17:29:12 (GMT+2)   -  

Tags: Russia , CIS , NLMK | similar articles » SteelOrbis News

Maxi Group, a subsidiary of the Russian steelmaker Novolipetsk Steel (NLMK), has announced that the shareholders of its production facility Nizhne-Serginsky Metallurgical and Metalware Plant (NSMMZ) have decided in favor of the incorporation of Berezovsky Electrometallurgical Plant, also a Maxi Group subsidiary, within NSMMZ.

Accordingly, the move is aimed at improving performance (to reduce managerial, administrative and other costs) and at the consolidation of the production chain within a single legal entity.

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