Norilsk Nickel Group (hereinafter Nornickel) and VDM Metals International GmbH (VDM Metals), the world's leading producer of nickel alloys and Special stainless steels, announce a major 5-year contract for the supply of nickel.
VDM Metals will use this nickel in manufacturing of high nickel content alloys for the oil and gas, chemical, petroleum, automotive and other industries. The contract was signed on December 12, 2016 by the Senior Vice President of Nornickel, Sergey Batekhin, and the President and CEO of VDM Metals, Dr. Niclas Müller at Nornickel'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" – said Sergey Batekhin.
"The new contract is an extension of the agreement between our companies signed back in February 2015" - said Dr. Niclas Müller.
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' customers.