29 Sep 2014 07:00
29 Sep 2014
Brady plc ("Brady")
New Contract
Brady, the leading global provider of commodity, energy and recycling software, is pleased to announce that Norilsk Nickel, the world's leading nickel producer, has selected Brady CTRM software to manage its trading and risk management activities for base, minor and precious metals, as well as concentrates.
As well as being the world's largest producer of nickel, amounting to approximately 14% of all nickel produced globally, Norilsk Nickel also produces around 40% of the palladium used in the world. The Group is also a significant producer of both platinum and copper, along with the by-products including cobalt, rhodium, silver and gold.
Brady CTRM will provide Norilsk Nickel with a single solution that will manage all of its contractual, financial, market and trading business requirements in a single platform.
"Investing in a new software platform is an important decision, which is also associated with a degree of risk. To meet the challenges we face in the complex and highly volatile markets in which we operate, we are confident that we have sufficiently mitigated that risk by selecting a solution that can support the full requirements of the metal processing value chain. The Brady team affords the most thorough understanding of the metals markets in the CTRM space, which coupled with its unparalleled portfolio of customer references, provides us with the proven assurance of Brady's capability to meet our requirements and deliver," said Markus Meurer, Head of MMC Norilsk Nickel's Global Sales.
Gavin Lavelle, CEO of Brady plc commented, "Norilsk Nickel's decision to select Brady is a clear endorsement of our unrivalled reputation in the market and of our product strategy of fully integrated trading, risk management, logistics and accounting platforms. I am thrilled that Norilsk Nickel has put its trust in Brady and am confident that our partnership will enable Norilsk Nickel to automate its business processes, achieve total transparency of its trading activities, ultimately resulting in the achievement of its goal to improve the efficiency of its business operations."
For further information please contact:
Brady plc Gavin Lavelle, Chief Executive Officer Martin Thorneycroft, Chief Financial Officer | Telephone: +44(0)1223 479479 |
Cenkos Securities plc Ivonne Cantu / Alex Aylen (Sales)
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Telephone: +44 (0)20 7397 8900 |
Redleaf Polhill Rebecca Sanders-Hewett / Charlie Geller / David Ison | Telephone: +44 (0)20 7382 4730
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About Brady
Brady plc (BRY.L) is the largest European-headquartered provider of trading and risk management software to the global commodity and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, to back office financials and treasury settlement for energy, refined, unrefined and scrap metals, soft commodities and agriculturals.
Brady has 30 years' expertise in the commodity markets with some 300 customers worldwide, who depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest financial institutions, trading companies, miners, refiners and producers, recycling companies, scrap processors, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.
For further information visit: www.bradyplc.com
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