Advertisement

Intertek boosts commodities division with stake in testing lab

Intertek, the FTSE 100 quality and safety testing group, has acquired 75 per cent of the issued capital of LSI, a global minerals reference testing laboratory for five million euros.

Intertek, the FTSE 100 quality and safety testing group, has acquired 75 per cent of the issued capital of LSI, a global minerals reference testing laboratory for five million euros.

LSI is located in Rotterdam in the Netherlands, with 27 full-time employees.

Wolfhart Hauser, Chief Executive Officer of Intertek, said: "LSI adds new world-class trade reference testing capabilities to our minerals business within our Commodities division with an excellent reputation for precision and customer service."

Advertisement - Article continues below

The group also said that the new business will enhance its existing minerals services by extending world-class trade verification services to its customers.

LSI supports vendors and buyers of mineral consignments around the world, with analytical testing of traded minerals as a worldwide reference laboratory.

As a London Metal Exchange approved facility, LSI is used by customers to ascertain precise minerals values when settling commercial trades of minerals, it added.

NR

Advertisement
Advertisement

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

OBR: UK house prices could fall by 12% next year
House prices

OBR: UK house prices could fall by 12% next year

The Office for Budget Responsibility says UK house prices could fall by as much as 12% next year. John Stepek looks at how likely that is.
14 Jul 2020
Three ideas for Lloyds Bank's new boss
UK stockmarkets

Three ideas for Lloyds Bank's new boss

The Black Horse needs whipping into shape. A change at the top provides a great opportunity, says Matthew Lynn.
12 Jul 2020
We’re spending more than at any time since World War II – how will we pay it back?
UK Economy

We’re spending more than at any time since World War II – how will we pay it back?

With the UK spending vast sums on stimulus measures, this year’s budget deficit will be greater than at any time since World War II. The big question,…
14 Jul 2020