Off the wire
• Xinhua Asia-Pacific news summary at 1600 GMT, April 3  • EU foreign affairs council calls for ending Syria conflict  • Serbian PM Vucic wins 55 pct of votes at presidential elections: preliminary results  • IMF says Cypriot economic growth to remain brisk  • U.S. stocks turn lower as financial sector drops  • Albanian economy sees 2.8 pct growth in remittances in 2016  • China donates over 12,000 tonnes of rice to Zimbabwe  • Xinhua world news summary at 1600 GMT, April 3  • Pakistan summons Indian envoy over cross-border shelling  • Ghana intensifies efforts to reduce alarming road carnage  
You are here: 　 Home

German family-owned tech company Heraeus buys Swiss precious metal processor company

Xinhua, April 3, 2017 Adjust font size:

German technology company Heraeus announced Monday that it had acquired Swiss precious metals processor Argor-Heraeus (Argor).

The key business of Swiss-based Argor focuses on refining mined gold, recycling precious metals, and the industrial processing of bars, coins, alloys, and semi-finished products.

Heraeus has held a stake in Argor since 1986. In buying the stakes of Argor's former co-owners including Commerzbank and Munze Osterreich, the complete acquisition of the shares will enable Heraeus to fully benefit from Argor's expertise and processing capacity for gold and silver, said Heraeus CEO Jan Rinnert.

"Argor is the ideal match for Heraeus' existing precious metals business which has largely focused on platinum group metals," he added.

Heraeus is a leading international family-owned company formed in 1851, whose portfolio ranges from components to coordinated material systems which are used in a wide variety of industries. Endit