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Manufacturing company Mettalis has flourished by embracing new technologies and operating processes in order to deal with volatile commodity prices that had previously been causing fluctuating exchange rates to eat into its profitability.
- Mettalis, in common with other companies in the manufacturing sector, has recently faced many problems but despite this has flourished by embracing new technologies and operating processes
- After acquiring the UK interests of the Dutch firm Van Daalen, Mettalis’ turnover increased significantly but volatile commodity prices meant that fluctuating exchange rates were eating into its profitability
- Mettalis realised that it needed the services of a currency expert rather than operating through a traditional bank, and now works with fintech company Kantox to define a clear FX strategy and manage its FX requirements to boost profit margins