6th January 2016, 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 Awin Resource International Pte Ltd has selected Brady to support the organisation’s global trading and risk management of its operations for its refined metals and concentrates businesses in Singapore.
Awin Resource International Pte Ltd, was founded in 2011 and is a wholly-owned subsidiary of Amer International Group, a Global Fortune 500 company and a leading Chinese conglomerate. Awin undertakes offshore procurement of raw materials for Amer International Group’s cabling and wiring manufacturing facilities and trades a wide spectrum of metals in the ferrous and non-ferrous industries.
The Brady solution will provide Awin with unrivalled CTRM functionality to manage its global metal, concentrates and derivative trading activities. The solution manages the complete life-cycle of the trade, enabling total transparency and accuracy of its trading, operations, settlement, logistics, financing and mark to market. To support its concentrates trading, Brady will deploy its latest generation of metals raw materials services, including complex contract rule creation, valuations, inventory management, tolling, blend optimisation and risk exposure.
Lim Ying Ying, General Manager of Awin Resource International Pte Ltd commented on Awin’s decision to select Brady: “A key requirement for us was to have a single solution for both our concentrates and refined metal trading and associated hedging. Several of our team have used Brady solutions previously which gives us confidence in Brady’s ability to deliver, particularly in the nuances involved in the area of ensuring that concentrates trades are documented and measured reliably to enable efficient management of the single/multiple purchase and sale contracts and the associated hedge trades”.
Gavin Lavelle, CEO of Brady plc commented: “This contract further underlines our position as the leading global trading and risk management across refined metal, concentrates and derivatives. We are aware that customers have choices in their solution providers and I firmly believe that their continued reliance on Brady is testament to our domain expertise and flexible approach and customer satisfaction through consistently delivering on our commitments to customers”.
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Editorial contact for Brady
Rebecca Sanders Hewett/David Ison/Charlie Geller
Tel: +44 (0) 20 7382 4730
Email: rsh@RedleafPolhill.com, di@RedleafPolhill.com or cg@RedleafPolhill.com
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 almost 400 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
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About Awin Resource International Pte Ltd
Awin Resource International Pte Ltd trades a wide spectrum of metals in the ferrous and non-ferrous industries. With a capitalization of USD 60 million, the company has grown from strength to strength since its inception in 2011. The company is led by veteran traders with each more than 20 years’ of trading experience from world-leading multi-national trading corporations. In addition to trading, Awin Resource International Pte Ltd undertakes offshore procurement of raw materials for Amer International Group’s cabling & wiring manufacturing facilities and participate in mergers and acquisitions.
For further information visit: www.awinresource.com/