Russian steelmaker NLMK Group has announced that its engineering center NLMK Engineering, one of the leading design institutes in the Russian steel sector, and China’s leading state engineering company WISDRI Engineering & Research Incorporation Limited have signed a master cooperation agreement for a period of three years. The agreement covers collaboration on investment projects by NLMK Group and other steel companies.
With the agreement, the two companies are planning to collaborate on developing basic engineering, design and work documentation for projects to upgrade and develop steelmaking operations in Russia.
“This agreement is a good example of international cooperation in the steel sector. Both companies have extensive experience in designing technically sophisticated steelmaking complexes. Participation in joint projects will enable the companies to exchange best organizational practices and to expand their presence in the Russian and international markets of design services in industrial construction,” stated Konstantin Lagutin, NLMK Engineering chairman of the board, NLMK Group VP for investment projects.