Evropeyskaya Elektrotekhnica has successfully implemented a project for the organization of electric heating systems of Severstal industrial facilities

Evropeyskaya Elektrotekhnica has successfully implemented a project for the organization of electric heating systems of Severstal industrial facilities

June 20, 2019. Moscow — PJSC Evropeyskaya Elektrotekhnica (hereinafter, the "Company" or "Group"), one of the leaders in the Russian engineering market, successfully designed a range of electric heating systems at industrial sites of Cherepovets Steel Mill (PJSC Severstal) in May 2019.

Ilya Kalenkov, General Director of PJSC Evropeyskaya Elektrotekhnica, commented on this event: "We used the EE-Hitflex system of industrial electric heating of the runoff water system's structural units, which was the benefit of our R&D program for 2018. In the course of this project, our team carried out a pre-project on-site inspection for Severstal at the customer's facilities with the participation of technicians and developed project documentation in full accordance with Severstal's requirements for the equipment used. The project involved solutions of our long-standing partner — Schneider Electric (France). I would like to highlight that in April 2019 our Company became a member of the Golden Club Prisma, which is a club of Schneider Electric's best partners in Russia (see more).

The project was transferred to the customer within the specified term and in line with all the parameters, thus allowing us to proceed with the discussion of further cooperation with Severstal.

In 2019, we expect to expand the range of our offers in the field of electric heating systems. Soon we will introduce a permanent capacity cable (resistive cable) solution to the market in addition to the self-regulating cable already used in our projects. 

The new product will give our valued customers more opportunities for electric heating of inter-cluster, inter-platform, inter-field, intra-workshop and inter-workshop pipelines, fire mains, sewer pipelines and water pipelines, intermediate and storage tanks and technological installations at large industrial facilities."

FOR REFERENCE:

Cherepovets Still Mill is part of PJSC Severstal and is the second largest steel-casting plant in Russia. It manufactures the widest range of products among Russian metallurgical enterprises. The plant is one of the most profitable metallurgical enterprises in the world and includes more than a hundred technological complexes. Around 25,000 employees work there.

Source: https://chermk.severstal.com/eng/about/

About Evropeyskaya Elektrotekhnica Group of Companies

• Evropeyskaya Elektrotekhnica Group of Companies (MOEX: EELT) offers comprehensive solutions in the field of engineering and technological systems for industrial, construction and infrastructural purposes: low and medium voltage distribution equipment, low current systems, lighting systems, industrial electric heating systems and equipment for the Oil&Gas and petrochemical industries.

• As a Russian joint-stock company with high corporate governance standards and financial sustainability, the Company's Mission is to improve people's quality of life with its entrepreneurial vigour and engineering competencies.

• The Company was founded in 2004 and unites a distribution center, engineering departments, an electrical laboratory and specialized production facilities. The company is one of the largest electrical equipment distributors in the Russian Federation and an industrial partner of leading companies on the international engineering market.

• The Company's logistics capabilities include delivery (including non-standard and oversize load) to customers throughout Russia, including hard-to-reach Northern areas, as well as to Central Asia, North Africa and the Middle East.

• The Company has its own production of the following equipment:

• Complete transformer substations;

• Medium voltage units;

• Low voltage panels of up to 6,300A (including metro solutions);

• Electric lighting systems;

• Industrial electric heating systems;

• Cabling and wiring products.

• Areas of application of the Company's competences:

• Oil&Gas industry;

• Electric power sector;

• Peaceful atom,

• Steel and mining industry;

• Engineering;

• Transport infrastructure, water supply and sanitation.

• Evropeyskaya Elektrotekhnica's customers include major Russian companies: Rosneft, Gazprom, NOVATEK, LUKOIL, Sibur and Nizhnekamskneftekhim. Supplies were successfully implemented for the following projects: Power of Siberia, Yamal LNG, Smolensk NPP, Data Center of Sberbank of Russia, the Domodedovo, Sheremetyevo, and Pulkovo Airports, etc.

• New areas of Company activity starting from 2018 include development and production of the following:

• Modular equipment for the Oil&Gas and petrochemical industries (Company subsidiary ROG-Engineering, Ufa, Republic of Bashkortostan, Russian Federation);

• Industrial specialized solutions for metro substations (currently being consolidated into the Group's structure: Metrotonnel, Moscow, Russian Federation);

• Industrial electric heating systems.

• Key financial indicators of PJSC Evropeyskaya Elektrotekhnica (IFRS):

The personnel headcount is around 350 people. Since September 2017, common shares of PJSC Evropeyskaya Elektrotekhnica are traded on the Moscow Exchange with trading code EELT.

In June 2018, the company was named Import Substitution Leader at the Leader of Competitive Sales annual national awards, in which 450 domestic suppliers from various industries took part.

Contacts:

PJSC Evropeyskaya Elektrotekhnica

Tel.: +7 (800) 600-71-18

Mailing address: 1 Lyotchika Babushkina Street, Building 3, Moscow, 129344

For more information, please contact:

Stanislav Martyushev

Director for Corporate Communications and Investor Relations

PJSC Evropeyskaya Elektrotekhnica

Tel. +7 (495) 660-71-18 ext. 164

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