HOUSTON - Thursday, January 13th 2011 [ME NewsWire]
(BUSINESS WIRE)-- Kolmar Group AG has selected SolArc’s RightAngle™ integrated application suite to manage its global trading and risk operations.
Kolmar Group is a “virtual” integrated petroleum and petrochemicals company with headquarters in Zug, Switzerland, and marketing, chartering and storage operations in more than 20 locations around the world.
“SolArc’s RightAngle suite provides us with the tools we need to enhance our operational efficiency, provide exceptional added value to our customers, and grow our business,” said Drs. Steven Sandelowsky, Director of Information Technology for Kolmar Group. “Having a single vendor capable of meeting all our complex trading and risk management requirements was one of our primary objectives when we began the search to replace our existing software system, and SolArc’s RightAngle gives us both unparalleled insight into the global trading environment, and outstanding control of our operations.”
The SolArc RightAngle solution will be implemented across Kolmar’s entire functional and geographic network, providing Kolmar’s trading staff with the tools needed to more effectively manage the company’s operations, which include sourcing and marketing of a wide range of fuels, industrial alcohols, solvents, aromatics, fiber intermediates and other energy-based commodities.
“The addition of Kolmar Group to our growing portfolio of customers is significant because of its business model as a physical trading company,” said Brad Anderson, CEO of SolArc. “Kolmar’s continued growth is evidence of the value they provide to customers across the energy spectrum, and SolArc is pleased to partner with this forward-thinking organization and demonstrate our expertise in this market.”
About SolArc
SolArc, Inc. is a global provider of commodity trading and risk management solutions for leading companies in commodity-intensive markets. SolArc’s integrated software solution offers customers greater insight and control over their complex commodity supply and trading environments, delivering increased operational effectiveness and profitability at lower risk.
Since 1991, SolArc has become a trusted solution provider for an international clientele of more than 80 leading corporations across a range of vertical industries, including energy, transportation, finance, aviation, agriculture and consumer goods around the globe. SolArc is headquartered in Houston and has offices in Tulsa, Dallas, London, New York and Singapore. For more information, visit www.solarc.com.
About Kolmar Group AG
Kolmar is a “virtual” integrated petroleum and petrochemicals company. Its product spectrum extends from oil products, to a large variety of petrochemicals and energy products, including biofuels and coal. Kolmar sources and markets as a principal on a global scale. With more than twenty offices around the world, Kolmar is open for business 24 hours a day. The company maintains dedicated storage capacity for the wide range of its products throughout the main business centers of the petroleum and petrochemical industry. For more information, visit www.kolmargroup.com.
The SolArc logo is a registered trademark of SolArc, Inc., and SolArc and RightAngle are trademarks of SolArc, Inc. All other marks, names and logos used or referred to herein are the property of their respective owners.
Contacts
SolArc, Inc.
Tami Greenlee, 713.260.5151
tgreenlee@solarc.com
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