Novolipetsk Steel invests 100 mio. Euro  

in Danish based Steel Company

2013.04.23

Denmark is now home to the most modern rolling mill in Europe through the investment in Russian-owned NLMK DanSteel in Frederiksværk.

The new rolling mill worth almost 100 mio. Euro is inaugurated today in the Danish town of Frederiksværk in the presence of the Russian Minister of transport, Maksim Sokolov, and the Danish Minister for Trade and Investment, Pia Olsen Dyhr.

 NLMK DanSteel A/S has been Russian-owned since 2002 and this new investment is made to ensure competitiveness through high quality, larger capacity and a wider product range. The project worth 100 million Euro started in August 2012 as a part of the company’s strategy to leverage its strong position in the plate markets. The ambition is to be a ‘one-stop-shop’ for businesses within growing sectors like the offshore wind industry.

DanSteel is part of a European division, NLMK Europe Plate, and The Danish Minister for Trade and Investment welcomes NLMK’s decision of placing the investment Denmark in front of other European locations:

- “I am glad to see how our geographic location, our infrastructure and skilled workers are decisive arguments for foreign investors like NLMK.”

- “With the new investment, DanSteel will intensify their focus on strong Danish sectors like offshore wind and maritime, and I am sure that this will be of mutual benefit to both DanSteel and the Danish value chain within these sectors.”

About NLMK DanSteel A/S

NLMK DanSteel A/S is the former ‘Det Danske Stålvalseværk’ founded in 1940 in the Danish town Frederiksværk. Since 2006 it has been part a thick plate production facility owned by NLMK Group, Russia, one of the world’s largest steel producers. NLMK DanSteel A/S employs almost 400 people and produces high quality thick plates for wind turbines, ships, boilers, “yellow goods” manufacturers and infrastructures. 

For further information please contact Nicholas Enersen, Location Denmark Team Leader at Nicene@um.dk or +45 4533921231.

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