5th July 2016, London:Brady plc (BRY.L), the leading supplier of trading and risk management solutions for commodities, energy and recycling, announced today that Aleris has selected Brady’s Cloud-based solution to manage its global metal hedging and risk management, supporting the enterprise’s drive for growth. The Brady solution enables Aleris to consolidate its global metal hedging across its operations in the US, Europe and China. In addition, Aleris is able to centrally manage and analyse its risk exposure and report on the gains/losses of its operations regionally as well as globally. The solution enables month end reporting to be completed in close to real time, which is particularly critical in times of high price volatility. Aleris is a global leader in the manufacture and sale of aluminum rolled products, with 14 facilities in three geographically aligned business units in North America, Europe and China, producing rolled aluminum sheet, plate and fabricated products for various industries. Erik Serio, VP Risk of Aleris, said: “Key to our business, is customer satisfaction and Brady, as market leader in metals risk management software, offers us the reassurance that we can protect our customers better, through the flexibility we can offer in our pricing contracts. Many
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Source: CTRM Center