Nigel Phillips to Lead Midrex UK Operations

When Nigel Phillips takes over from Mike Jasper as Director – Operations, Global Project & ECA Finance, Risk Management of Midrex UK Ltd., he already will have a working knowledge of Midrex, its technology, and the direct reduction market. Phillips, who brings 30 years of experience in a variety of international trade and insurance related roles, has had a keen interest in Midrex Technologies Inc. (MTI) and its projects and marketing campaigns since Midrex UK was established in 2009, and has regularly met with senior Midrex executives in London to provide ideas and analysis of various financing scenarios.

Phillips has specialized in project and export finance with UK, Dutch, French, and Spanish financial institutions, arranging the finance for the cross-border sale of capital goods and Nigel Phillips to Lead Midrex UK Operations services. He brings a wealth of knowledge of the market and financial structures, as well as risk mitigation provided by the private insurance market.

“The opportunity to lead Midrex UK into its second decade at this exciting time for Midrex and the DRI industry was one that could not be refused,” Phillips explained. “With annual DRI production now exceeding 100m tons and the Midrex project pipeline containing several very tangible and sizeable projects, the importance of Midrex UK to the global MTI group has never been greater.”

Mike Jasper is retiring after serving 10 years as the first and founding UK-based director of Midrex UK.

About Midrex UK Ltd.

Midrex UK was established in 2009 to provide Midrex clients access to the financing expertise and opportunities offered out of the United Kingdom and the City of London in the form of international project and commercial bank financing and ECA (Export Credit Agency) support through UK Export Finance (UKEF), formerly known as the Export Credits Guarantee Department (ECGD). Midrex UK provides access to the London insurance market to secure many forms of risk mitigation. Its strategic location in regard to EMEA (Europe, the Middle East, and Africa) allows it to support procurement, logistics, and expediting for new plant projects, as well as Midrex Global Solutions initiatives, tapping a developing UK and European vendor base that meets the high Midrex technical specifications. The office is located at 39 Eastcheap, London, EC3M 1DE, and the phone number is 0044 (0) 207 089 1524. Midrex UK was the first permanent overseas location established by Midrex to assist potential clients in developing and financing their projects. Midrex has since opened offices in Shanghai, China (2011) and near Delhi, India (2012), and is in the final stages of establishing an office in Dubai.