NEMS Ltd is an approved London Metal
Exchange (LME Metals Storage) warehouse company, established in
1993. The company has a strong presence in the UK, Europe and Asia.
NEMS Ltd runs warehouses in Sunderland, Newcastle Upon Tyne, Hull,
Liverpool, Rotterdam, Gebze (Turkey) and Baltimore; while NEMS
(Singapore)Pte runs operations in Singapore, Pasir Gudang
(Malaysia), Incheon, Gwangyan and Busan (South Korea) and
Taiwan.
Pierre Lorinet, Trafigura’s Chief
Financial Officer, commented: “This acquisition reflects our
commitment to ongoing investment in logistics and warehousing
within the metals and minerals sector. NEMS Ltd will continue as an
independent operation, providing global storage facilities for
third parties as well as warehousing for Trafigura’s products.”
The current NEMS Ltd management will
continue to manage the business.
Charles Bucknall, Managing Director at
NEMS Ltd, added: “There is no doubt that this is a tremendous
opportunity for the management team of NEMS to expand our business,
and in particular our logistics operations, on a global basis. We
are delighted to be a part of Trafigura.”
ENDS
For further information please
contact:
Trafigura press
office:
Tel: +44 207 009 1708
media@trafigura.com