Shanghai certified 30 multinational regional headquarters and 15 foreign-funded research and development centers at a high-profile ceremony held on July 11.

Shanghai Avaxa Trading Co Ltd, a wholly owned subsidiary of NLMK Group in the Dishui Lake Financial Bay in Shanghai's Lin-gang Special Area, was granted the certificate for multinational regional headquarters, making it one of the first foreign-funded steel and metallurgical enterprises in Shanghai to obtain the certification.

Gennady Petrov (right), general manager of Avaxa, receives the certificate for multinational regional headquarters on July 11. [Photo/WeChat ID: LingangSpecialArea]

Founded in 1934, NLMK Group is one of the largest steel producers in Russia and among the world's top 20 steel companies. In addition to its main business in Russia, it also has production facilities in Belgium, France, Denmark, Italy, the United States and India, with its sales network encompassing the entire globe.

Established in 2022, Avaxa oversees NLMK's operations in China, covering investment project management, trade sales, R&D project management, engineering technical services, procurement and administrative support.

Avaxa is established to undertake NLMK's operations in China. [Photo/WeChat ID: LingangSpecialArea]

Over the past three years, Avaxa has worked closely with China's leading steel and metallurgical companies and is committed to introducing advanced steel technology, helping NLMK Group produce efficient and energy-saving products.

An office of Avaxa. [Photo/WeChat ID: LingangSpecialArea]

Avaxa has also taken the initiative to develop trade of semi-finished steel billets, electrical steel and transformer steel. It continues to expand business opportunities related to electric vehicles, further consolidating the overall business model of NLMK Group in China and Southeast Asia.