Impala, the global terminals operator that provides port, warehousing and multi-modal logistics services for the movement of essential commodities today announced that NEMS, the integrated metals services and LME - approved bonded and fiscal warehousing company would become fully integrated within Impala's existing terminals business.
Impala's business is already highly developed on the African and South American continents, while NEMS is well established in the Far-East and Europe. Impala's decision will enable the business to consolidate its offering to clients and expand into new markets under one unified banner.
"This development is part of Impala's emphasis on building capacity and maximising our operational efficiency," said Nicolas Konialidis, CEO, Impala.
Charles Bucknall, who has led NEMS successfully both as an independent company and since its acquisition by Impala in 2010, will become Impala's Head of LME Warehousing and Director of Business Development. In this position he will lead the development of Impala's refined metals warehousing and logistics business and in particular look to expand Impala's offering into Africa and Latin America.
The integration will be completed by the end of January and the NEMS name retired from use. LME warrants issued by NEMS will continue to be underwritten.
Notes to editors
Impala is a wholly owned subsidiary of Trafigura, one of the world's leading international commodity traders, headquartered in the Netherlands. Impala owns and operates a network of over 50 terminals in more than 30 countries that facilitate global trade flows of essential commodities. The company specialises in providing port, LME and non-LME warehouse facilities and multi-modal logistics services that give access to markets and new opportunities.