27th July 2015, London: Brady plc (BRY.L), a leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, announced today that Sims Metal Management (“Sims”), the world’s largest recycling company, has selected Brady to further support the organisation’s management of its global recycling operations.
Sims is the world’s leading publicly listed metals and electronics recycler. It has over 250 locations and more than 6,000 employees with operations encompassing the buying, processing and selling of ferrous and non-ferrous recycled metals. Their metals recycling operations are geographically diverse, with operations in five continents, including the United States, Canada, Australia, New Zealand and the United Kingdom and comprise a network of processing facilities. Many of these processing facilities have deep-water port access, supported by an extensive network of feeder yards from which to source recyclable ferrous and non-ferrous metals.
Having relied on Brady Recycling’s software for many years in North America and Australasia, Sims’s Australian operations have recommitted to upgrade critical business systems to the latest version of Brady’s recycling platform. This decision fits with its global strategy to consolidate operations on to a single platform, to provide better visibility, optimize efficiencies and facilitate decision making across the Sims group, The Brady solution, backed by its team of experts in the recycling space, will assist andsupport its key strategic goals; to streamline, optimise and grow.
Through the implementation of a global solution Sims will benefit from having enterprise wide visibility, timely actionable financial reporting, efficient management of positions and opportunities across the group, along with standardised operational and audit controls. A global solution will facilitate multiple efficiencies for the IT department. Less updating and maintenance of multiple systems coupled with consistent processes will create efficiencies across the enterprise.
Gavin Lavelle, CEO of Brady plc commented: "Sims has been a loyal customer for many years and I am delighted that we are now able to provide enhanced functionality to support its operations across the globe. I am delighted to have been selected as the partner of choice by the world's largest recycler. Being selected in this case is confirmation of the reputation that we have gained serving these markets for over 30 years, further reinforcing our position as the leading vendor of recycling solutions”. Continuing he said: “As a strategic partner to Sims MM, we will beproviding tools to leverage and improve its position as the largest metal recycler globally. Of key importance for Sims MM was Brady’s strength in inventory management. Being able to accurately value purchases and finished goods inventory, using Brady’s pricing, production and fully automated scales functionality, ensures total accuracy in position reporting across its global sites. The Brady solution will deliver a comprehensive global platform to efficiently support the management of Sims’s recycling operations locally, regionally and globally”.
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Editorial contact for Brady
Rebecca Sanders Hewett/David Ison/Charlie Geller
Tel: +44 (0) 20 7382 4730
Notes to Editors
About Brady plc
Brady plc (BRY.L) is the largest European-headquartered provider of trading and risk management software to the global commodity, recycling 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, back office financials and treasury settlement, for energy, refined and unrefined metals, scrap and secondary metals, soft commodities and agricultural products.
Brady has 30 years’ expertise in the commodity markets with over 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, scrap processors, recyclers and producers, 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
About Sims Metal Management
Sims Metal Management is the world’s leading metals and electronics recycler. It is the global leader in the secure and sustainable management of resources for industry, organisations and the public-at-large. Today, Sims Metal Management has over 250 locations on five continents, and more than 6,000 employees. In addition to its industry-leading metal recycling business, Sims Metal Management also operates the world’s leading electrical and electronics recovery and recycling business, Sims Recycling Solutions, as well as Sims Municipal Recycling, which handles kerbside materials.
For further information visit: www.simsmm.com
20 July 2015
Brady plc (“Brady” or the “Group”)
Brady, the leading global provider of commodity, energy and recycling software is pleased to provide a trading update for the half year to 30 June 2015.
24th June 2015, London:Brady plc (BRY.L), the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, announced today that a leading multi-asset global trading house has selected Brady to support the organisation’s global trading and risk management of its physical and derivatives operations for its refined metals and concentrates businesses in its worldwide locations across four continents.
Thursday, 11 June 2015 10:05Fortum selects Brady software for Energy Data Management ahead of the Nordic Balancing Settlement deadline
Monday, 27 April 2015 07:00Scandem selects Brady software for Energy Trading and Risk Management
Wednesday, 01 April 2015 09:23Brady publishes its Annual Report for the year ending 31st December 2014
Monday, 16 March 2015 07:00Brady announces full year 2014 results - EBITDA up by 80% on the back of a year of record contract wins
Monday, 02 February 2015 07:00Aludium opts for Brady’s cloud solution for metals trading and risk management
Monday, 19 January 2015 07:00Brady plc announces strong earnings growth and record licence revenues
Thursday, 15 January 2015 07:00Brady Energy enables Statkraft to offer self-service B2B solution in the Nordics
Wednesday, 07 January 2015 09:48Levmet selects Brady Cloud solution for metals trading and risk management
Thursday, 18 December 2014 07:00Brady Energy to provide Market Settlement solution for Brookfield Renewable Ireland
Thursday, 18 December 2014 07:00GARMCO opts for Cloud delivery of Brady’s trading and risk management solution for metals
Tuesday, 09 December 2014 12:49Brady strengthens its Commodities Team in the Americas
Monday, 08 December 2014 13:12***Brady launches its latest solution*** Hedge Manager for Metal Processors
Tuesday, 02 December 2014 07:00Brady Energy: Smart logistics for continuous intraday trading
Friday, 17 October 2014 13:51Brady strengthens its Commodities Team
Thursday, 16 October 2014 07:00Leading global investment bank selects Brady Cloud solution to support its European energy logistics
Wednesday, 15 October 2014 07:00Brady Energy ETRM selected by an international utility organisation for its next generation trading solution
Tuesday, 23 September 2014 07:00Brady CTRM selected by FinEx group for Soft & Agricultural Commodities Trading and Risk Management
Tuesday, 09 September 2014 07:00Brady PLC announces record EBITDA margin in first half