NLMK integrates its Danish activities into its Belgian subsidiary - Companies

NLMK integrates its Danish activities into its Belgian subsidiary – Companies

The Russian steelmaker NLMK will integrate its plate activities located in Denmark within its Belgian division, which is co-owned with Sogepa, the financial arm of Wallonia, the newspaper L’Echo said on its website on Monday.

This internal movement within the entities of the Russian group should make the NLMK Belgium division a subsidiary with “one of the largest plate portfolios in Europe and worldwide“, according to the company.

Beyond the industrial interest driven by possible synergies between factories, the war in Ukraine probably accelerated the movement with, according to L’Echo, a distribution of NLMK’s activities in Europe that lacked clarity in terms of governance. Thus, if this rapprochement was already under consideration before, the conflict in Ukraine would have visibly contributed to the rapprochement between the European entities of NLMK.

This internal movement within the entities of the Russian group should make the NLMK Belgium division a subsidiary with “one of the largest plate portfolios in Europe and in the world”, according to the company. Beyond the industrial interest driven by possible synergies between factories, the war in Ukraine probably accelerated the movement with, according to L’Echo, a distribution of NLMK’s activities in Europe that lacked clarity at the level of governance. . Thus, if this rapprochement was already under consideration before, the conflict in Ukraine would have visibly contributed to the rapprochement between the European entities of NLMK.

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