Brady plc (BRY.L), the leading supplier of trading and risk management solutions for commodities, recycling and energy, announced today that it will deliver its latest software solution to Aludium, which operates rolling mills in Spain and France. Brady’s software has been designed to meet the risk management objectives of metal fabricators, rolling mills and extruders. It is delivered as a dedicated cloud solution which guarantees the highest level of auditability and security, and can be deployed in less than two months.
Aludium will now have access to the latest Brady Metals Trading and Risk Management applications through Brady’s Cloud Services. As there is no need for a direct installation, the solution considerably reduces implementation time, lowers maintenance costs and improves efficiency. It can be scaled-up as needed.
Brady’s Cloud Services provide organisations with a complete turnkey solution that delivers the highest levels of security and reliability. Brady’s rich set of solutions offer tremendous value to an organisation. By removing the need for IT infrastructure and associated support costs, our Cloud Services can also significantly reduce the total cost of ownership.
“Atlas Holdings LLC recently completed the acquisition of Alcoa’s rolling mill operations in Amorebieta and Alicante in Spain and at Castelsarrasin in France,” explains Arnaud De Weert, CEO of Aludium. “As part of the transaction, we required a ‘greenfield’ trading and risk management system which can be deployed in an exceptionally short timeframe. Brady’s new software allows us to link our physical aluminium positions to our hedge transactions at all times. We have the reassurance that our data and assets are protected by Brady’s multi-layered security, in line with industry standards. We are confident that the team and the solution will meet our trading and compliance needs.”
Gavin Lavelle, CEO of Brady plc, commented: “Brady is pleased to provide market participants with a quick and reliable solution to proactively manage increasing regulatory requirements and ensure that effective measures are in place to minimise the effects of market volatility. I am delighted at Aludium’s interest in our latest Cloud solution which addresses the hedging and risk management challenges faced by metal processors and producers. I would like to wish Aludium every success.”