Group of companies «Anglo-American PLC» expanding its sphere of influence in the nickel market in South-East Asia. In particular, for these purposes — say sources in the corporation — in Singapore organized a new unit, whose tasks will include the implementation of commercial projects in the organization of the country and neighboring countries. «One of the key roles of the Singapore branch — the search for new trading opportunities for the effective management of our business due to meet the demand of Asian consumers. In addition, we expect that the new division will help us with greater effectiveness to use the power plant «Barro Alto» (our Brazilian assets, specializing in the production of nickel), «- commented on the news the representatives of» Anglo-American «.
"Anglo-American PLC» — a powerful international organization, which owns a number of large enterprises in many parts of the world, including — in Africa, Europe, Australia, Asia, and in North and South America. The core business of the organization is associated with the extraction of non-ferrous metals, gold, PGM, iron ore and diamonds, coal and other resources. The above-mentioned nickel plant of the company — the Brazilian company «Barro Alto» — recycles eponymous deposit resources, the mistress of which the Anglo-American Corporation (35 million US dollars.) Began in 2002. In recent years (like most other companies nickel sector) plant is experiencing economic difficulties related to low metal prices.
Singapore interested in management «Anglo-American» due to good sales prospects. First, in the country there was a favorable investment climate (with low taxation), which attracts a large number of major manufacturers from the US, Europe and Japan. Moreover, among the products manufactured in the country, dominated by consumer electronics, consumer goods, electronic and electrical equipment and devices, in the manufacture of stainless steel which are widely used, nickel and other nonferrous metals. Second, Singapore is the largest trading power, carrying out commercial transactions with Malaysia, Indonesia, China, Hong Kong, Thailand and other countries and major administrative units. «Having a representative office in the country — an important touch to the picture of prosperity corporations» — say representatives of «Anglo-American».