The Group today has a multi faceted commodity business. This is a reflection of its Chairman, Mr. P.K. Gupta's vision and success from inception to the present day, a period spanning some 50 years.
He guides the Company's continued growth over all the five continents, with operations that have now expanded to an industrial base covering
Shipping, Industrial, Mining, Energy and Commodities.
Under the purview of the Chairman, a team has been assembled to continue this growth and prosperity. It draws on longstanding relationships within the group and expertise in the respective industrial areas.
SIMEC now is poised for the next phase of its development, to be established from a new trading base headquartered in Hong Kong. This stage includes the consolidation of several assets and disciplines aimed at the vertical and horizontal integration of its activities.
Mr.P. K. GUPTA, (M. Com.) has successfully established several business entities and ventures during the past 5 decades which are now owned and operated by his sons. These have been in countries throughout Africa and Asia where the family business now spans distribution and manufacture of both industrial and consumer products employing over 5,000 people worldwide. SIMEC was established 3 years ago and is already growing at a rapid pace.
Stuart graduated with a Masters Degree from the Victoria University of Manchester is a Chartered Management Accountant with over 30 years experience as a senior executive and consultant to a large number of companies operating in industries ranging from food processing, drinks & leisure, steel processing, renewable energy, textile and ceramic manufacturing. He has been responsible for the evaluation of project opportunities, corporate acquisitions and the design of group management reporting systems.
Anurudha has considerable experience in the fields of commodities, shipping and renewable energy gained in the past 25 years over a number of industries.
Was responsible for the establishment and operation of Liberty Commodities' first Steel Desk from 1998 – 2003 from which it has grown to its current turnover of over a billion USD p.a.
As a founder member of Sindicatum Carbon Capital, he was responsible for commercial operations in the PRC leading to the creation of the world's first successful and only NZEM (Near Zero Emission Mining) Coal Project, capturing methane and generating renewable power whilst abating Greenhouse Gases under the Kyoto Protocol.
He successfully won the tender for the Penfield Group for the establishment of a sugar project of 100,000MT p.a sugar refinery, cultivation of cane and the generation of over 40MW of renewable energy in Sri Lanka.
Finally he joins SIMEC after establishing operations for the Group in Sri Lanka following the conclusion of negotiations for the acquisition of a local Steel producer.
Urmila is a senior Chartered Accountant with law back ground and 25 years experience with industry and profession. She has immense exposure to the field of Finance, treasury, accounting , legal and tax compliances and played a key role in the expansion of operations of Noble Group and Louis Dreyfus Commodities in India and abroad.
Sanjay is an engineer with Post Graduate Diploma in Management (PGDM) from IIM Ahmedabad of 1990 batch is reputed as a steel professional throughout the industry. His 23 years rich experience in National Steel Agro Industries Ltd. in India and Comcraft group in East Africa, has given him tremendous insight into the industry. He is responsible for steel and raw materials trading, partnerships / joint venture development and trade financing.
B. Engg (Mech.) from BIT Mesra, PG in International business from the Indian Institute of Foreign Trade ( IIFT, New Delhi ) worked for 18 years with Tata Steel / International in various positions as Country / Regional Head based out of Istanbul and Kathmandu and as Chief of Trading & Exports ( Long Products ) and Country Head for Novo Group Ltd in India for a period of five years. His strengths are start ups and M&A.
SIMEC Shipping HK Ltd is being consolidated with...READ MORE
The Group is seeking to expand operations in ...READ MORE
Open cast mining of coal is focused to integrate...READ MORE
Renewable energy is a necessary integration...READ MORE
With its diversified product and geographical reach...READ MORE
SIMEC Shipping HK Ltd is being consolidated with the Group's traditional vessel operations of chartering, operation and ownership. Its operations are soon to include port management.
The company is currently concluding an acquisition of it MIR Steel's dedicated port and berth on the River USK estuary in Newport Wales with an intention to manage and operate this port and the shipping operations for the delivery of up to 1,000,000 slab capacity per annum.
With several million tons of cargo shipped and handled between all the five continents port management is a logical and profitable addition to SIMEC activities.
The Group is seeking to expand operations in manufacturing that are complimentary to its trading activities with several acquisitions in progress across the geographies in which the Group operates.
The Group is poised to complete purchase of a controlling stake in ABG CEMENT LTD in Gujrat India, with a state of the art 6 million mt integrated cement plant having captive mines, own port, power plant and its own desalination unit. Further ancillary cement grinding and bagging plants of 1 million mt each are under implementation in Bahrain and Sri Lanka fed by clinker from ABG.
Open cast mining of coal is focused to integrate and support the Group's coal trading operations. Thus giving a value added service, control of quality and continuity of supply to its existing customer base.
Mines in Australia, Africa, Indonesia and India are assessment and evaluation for acquisition and as to whether they meet the standards required for ownership. Already over 4 million MTs of coal including both steam and coking coal has been handled and traded to major customers in the power and steel sectors.
Renewable energy is a necessary integration, especially in industrial areas that are highly sensitive to power prices. Many of the Group's developing markets are growing faster than their availability of power and hence the focus on renewables. In Europe there is a growing focus on clean energy technology.
SIMEC has acquired Uskmouth Power Company, a 393MW Coal Fired Power generation plant in the South Wales, UK. The focus is to convert this to a biomass fed plant whilst developing the site to include other renewable generation technologies such as biomass pelletizing and distribution, solar, wind, waste to energy, and tidal amongst others.
The commodity divisions cover the trading of Sugar, Coking Coal, Steam Coal, Iron Ore, Raw Materials (Metals, Steel, Scrap) &
Metals (Nickel / Copper Zinc )
Marketing and Sourcing
With its diversified product and geographical reach, the company has the expertise and capability to market and source globally at the most competitive prices. Our offices in the respective regions are manned by highly dedicated personnel. By our process of barter trade in various regions we are able to globally source and sell our diverse portfolios.
Conversions & Tolling
The Company through its good business relations has been successful to have tolling arrangements at various geographies in Thailand / Turkey / India and Africa. Our capability to source raw material and semi finished commodities makes the business viable.
Stock & Sell and Financing
We have entered into various arrangements with suppliers and end users whereby the material is held at stock and lifted by the parties for JIT delivery resulting in savings on working capital and credit at competitive rates. We use this model for India, Thailand, Africa, Middle East, Indonesia and Lanka.
Hedging and Risk Management
We cover our business risk through hedging facility and in the process offer our clients' real time pricing. Other than covering physical cargoes, we also do active trading in the derivates market.
These include Grains such as Wheat, Barley and Maize, Sugar and Rice.These Softs shall be sold from local market...READ MORE
Semis: Includes Slabs, Billets and Blooms and are used for making finished steel products . Slab is rectangular in cross section which can be continuously casted or rolled from Ingots , whereas Billets are square in cross section and less than 230sqcm area and Blooms are similar in section but with area greater than 230 sqcm. They can be obtained either by continuous casting or rolled from Ingots.
Longs: Wire rods, Rebars, Structural sections like Angles, Channels constitute the Long products and are obtained from rolling Billets and blooms. The main application for these products are in the Construction sector.
Flats: Flat products include plates, hot-rolled coils, sheets ,strips and cold-rolled strip and sheets including galvanised coils . Hot rolled coils are produced from slabs provided by either a continuous caster or rolled from ingots by a slabbing mill and undergo various cold rolled, surface and heat treatments to obtained downstream products like CR/ Galv coils etc. The application would be for White , Auto Goods, Construction sector etc.
Used in the production of Steel Making in an integrated steel manufacturing process.
Used for the generation of power and electricity.
Used for secondary steel making and recovered from sources like demolition of factories, scrapped vessels, cars, cans etc. They can be recycled indefinitely and the second largest route of steel making in the world.
Chromite for the manufacture of Chrome, Iron Ore used in the manufacture of steel and Nickel Ore used in the production of stainless steel are handled.
FERROUS & NON FERROUS
Nickel, Chrome, and Steel are traded within this sector and distributed or sold from approved warehousesinternationally for use in the production of stainless steel, plating and other such products.
These include Grains such as Wheat, Barley and Maize, Sugar and Rice.
These Softs shall be sold from local market warehouses under CMAs thus enabling prompt service to any market in a given geographic sector.
Furthermore, this permits smaller quantities which cannot be ideally shipped to be sold.