Brady plc (www.bradyplc.com), a Cambridge, England-based supplier of trading and risk management software for the metals, recycling and energy industries, has announced that OneSteel Recycling Asia has selected Brady to manage its physical trading and risk requirements for its base metals business in Hong Kong.
OneSteel Recycling (www.onesteel.com) operates from 52 scrap collection and trading locations in Australia, New Zealand, the United States, Thailand, the Philippines and Hong Kong, supplying ferrous and nonferrous scrap to steel mills, foundries, copper, brass, lead and aluminium industries. In its 2012 fiscal year, the company handled in excess of 2.1 million metric tons of recycled metal globally through its physical operations and trading business.
After an internal OneSteel review process of vendor alternatives, Brady was selected as the partner of choice for its comprehensive functional coverage, along with the speed of deployment and the in-depth domain knowledge of the Brady team in the metal trading environment. The Brady solution will enable OneSteel to manage its physical and futures trading and the associated logistics requirements, whilst providing the necessary risk management tools. In addition, OneSteel will use Brady’s accounting solution for budgetary control and financial reporting purposes.
“We are delighted that OneSteel has selected Brady to manage its trading and risk requirements, thus adding to our growing customer base in the APAC region,” says Gavin Lavelle, CEO of Brady plc. “We are absolutely delighted to welcome OneSteel to Brady’s customer base of more than 300 companies world-wide.”
Greg Armstrong, managing director of OneSteel, Asia comments, “We selected Brady to facilitate the process involved in enabling our business to make more informed and proactive decisions, streamline day-to-day operations and protect profits whilst at the same time providing the necessary platform for continuing growth. Implementation of the Brady solution extends our visibility into the full supply chain and enables us to make intelligent sourcing decisions to offer better value to our suppliers and customers.”