St. Louis-based Metal Exchange Corp. (MEC) has announced that it has opened a trading office in Singapore, MEC Global Trading Pte Ltd., to serve the South and Southeast Asia markets.
Craig Weber, global business manager, will lead MEC Global Trading. He has 24 years of experience with MEC and previously established the Zurich trading office and the Shanghai representative office.
“Establishing a presence in Singapore will enhance the access and expertise of MEC to deliver results for our trading partners,” Weber says. “With the ever-changing metals environment, Singapore puts MEC in the center of Southeast Asia markets, closer to our customer base and set up for our continued growth plan.”
He adds, “Metal Exchange Corp.’s Trading Division is committed to providing superior service for its customers and suppliers in the nonferrous metals market.”
Ben Evans, MEC Trading Division president, says, “We believe it is important to be physically present in the markets we serve. Opening this office is another important step to allow us to continue providing the level of service our trading partners expect and deserve.”
Rick Merluzzi, MEC president and chief operating officer, says the company’s expanded presence in Asia is part of its overall global strategy. “Opening this office in Singapore benefits the global market and adds to our strong global network.”
Founded in 1974, MEC is a privately held company. It is the parent company of Pennex Aluminum Co., Continental Aluminum, Metal Exchange and Electro Cycle, operating six U.S. manufacturing facilities in addition to its sales offices throughout the U.S. and abroad. Its business includes marketing, trading, manufacturing, processing, distribution and transportation services for nonferrous metals.