Norilsk Nickel Group and VDM Metals GmbH, the world’s leading producer of specialty steels and nickel alloys, announce a major 5-year contract for the supply of nickel.
VDM Metals will use this nickel to manufacture high nickel content alloys for the oil and gas, chemical, petroleum, automotive and other industries. The contract was signed on December 12, by the Senior Vice President of Nornickel Sergey Batekhin and the CEO of VDM Metals Dr. Niclas Müller at the company’s headquarters in Moscow. The price of nickel deliveries will be set at market terms.
“We are pleased to see that our successful multi-year long cooperation with VDM Metals has progressed to a new level of long-term relations. A strong and lasting partnership with one of the world’s largest nickel alloy and specialty steels consumers of refined nickel is on top of priorities for Nornickel’s sales and distribution strategy”, Sergey Batekhin said.
“The new contract is an extension of the agreement between our companies signed back in February 2015”, Dr. Niclas Müller said.
VDM Metals and Nornickel hold the world’s leading positions in their respective industries. The cooperation between the two companies should enable the highest quality nickel and specialty alloys products delivered to VDM Metals’s customers. (Nornickel/Ukrainian metal)