07 June 2004 06:55
Norilsk Nickel reorganizes foreign sales network
MOSCOW. June 7 (Interfax) - Norilsk Nickel Mining and Metallurgical Company is completing the reorganization of its
foreign sales network.
The company said in a press release that UK-based Norilsk Nickel Europe Ltd., will manage nonferrous metal sales on
the European market and Pittsburgh-based Norilsk Nickel USA Ltd., will manage sales in the United States. The sales
network will also include a company in Hong Kong, through which nonferrous metals will be distributed on the Asian
market.
David Gaddes has been appointed managing director of Norilsk Nickel Europe, and Yuri Sobolev, the managing director
of Norilsk Nickel USA.
Sales of platinum group metals will continue to be made through UK- based Norimet Ltd, with Denis Lepetukha taking on
the role of managing director for precious metal sales. The post of president at Norimet was eliminated during the
reorganization. Pyotr Kholodny, the former Norimet president, left the company at the end of May 2004.
Norimet, the Norilsk Nickel group's main foreign distributor, will specialize as a holding company in management
of several foreign assets, including Stillwater Mining Company of the United States and South Africa's Gold Fields
Limited.
Norilsk Nickel is the world's biggest producer of nickel and platinum group metals. It produces 18% of the
world's nickel, 13% of the cobalt, 3% of the copper, over 50% of the palladium, 14% of the platinum and 1.5% of the
gold. [RU ASIA EUROPE EEU EMRG CORA MET TRD WEU US NK PRO GB ZA] me
[Interfax] |
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