NLMK Group and LTC Group ink strategic partnership agreement

by Hans Diederichs

NLMK Group, a global steel company, has signed a long-term strategic partnership agreement with LTC Group, Italy and Middle East, a leading European manufacturer of components for transformers and power generation devices.

Under the agreement, NLMK Group companies in Lipetsk and Yekaterinburg will regularly supply grain-oriented and non-grain-oriented electrical steel and provide technical support to LTC Group. The agreement also calls for extended cooperation in the development and market promotion of new products. Ilya Guschin, NLMK Group Vice President, Sales, said: “The strategic agreement with LTC, our key client, takes our long-term partnership to a new level. It reflects mutual commitment to joint long-term cooperation. It will enable our partner to make better products from NLMK steel and is fully in line with our strategy to expand deliveries of premium products to our key markets.”

Source and photo: NLMK Group

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