Alkagesta and Navex Launch Alkanavex Joint Venture for Metals Trading

Alkagesta has announced the formation of Alkanavex, a new Malta-based joint venture established in partnership with France-headquartered steel trader Navex SAS, according to a corporate statement reported by the Malta Independent. The creation of the entity marks Alkagesta's official entry into metals trading, establishing an initial operational focus on steel as a strategically important commodity servicing global construction and industrial supply chains.

As detailed in the announcement reported by the Malta Independent, Alkagesta will hold a majority stake in the joint venture. The two trading companies are presently progressing through the formal legal process and operational integration required to complete the platform's setup. This launch follows a two-year alignment period during which the partners integrated their respective commercial models, governance structures, and compliance practices.

The joint venture is structured to merge Alkagesta's existing global trading footprint, logistics capabilities, and governance framework with the sector expertise and track record of Navex SAS. Founded by industry veterans, Navex contributes long-standing sourcing relationships situated primarily in China, alongside established client networks operating across West Africa and East Africa. Navex Chief Executive Officer Jean-Pierre Artigala brings executive experience from senior roles across leading steel groups to support the venture's objective of delivering resilient supply corridors and reliable service to industrial buyers.

Addressing the operational milestone reported by the Malta Independent, Pierre Gay, Member of the Board of Alkagesta, stated that Alkanavex represents a shared vision to build a high-performing, well-governed and globally competitive steel trading platform. Orkhan Rustamov, Chief Executive Officer of Alkagesta, noted that metals trading serves as a natural extension of the group's activity and offers a material growth opportunity when executed with prudent risk management and strong governance.