Valcambi

Valcambi

Formerly	Valori & Cambi
Type	S.A. (corporation)
Industry	Refining
Founded	Balerna, Switzerland (May 15, 1961; 60 years ago (1961-05-15))
Headquarters	Balerna , Switzerland
Area served	Worldwide
Key people	Federico Domenghini (Chairman) Michael Mesaric (CEO)
Products	Precious metals
Number of employees	155
Parent	Rajesh Exports
Website	www.valcambi.com

An example of a Valcambi minted gold bar.

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Valcambi is a precious metals refining company located in Balerna, Switzerland, and a company of Rajesh Exports Limited. Valcambi is owned by European Gold Refineries, which is owned by Global Gold Refineries AG, which in turn is 95% owned by REL Singapore PTE Ltd. and 5% by Rajesh Exports Limited India. Valcambi is thus 100% controlled by Rajesh Exports, the parent company of REL Singapore.^[1]

They refine gold, silver, platinum and palladium into various forms including cast and minted bars, rounds, coins, and other semi-finished casting products. It is among the world's largest precious metals refiners, and refines more gold than any other.^[2] Additionally, the company provides precious metals assay, transportation, and storage services.

History[]

The company was formed on May 15, 1961 as Valori & Cambi by a group of 5 Swiss businessmen/entrepreneurs from Mendrisio. The name was changed to Valcambi on June 30, 1967. In 1967, Credit Suisse bought 50% of the Valcambi refinery, followed by the purchase of another 30% stake in 1968. The remaining 20% was purchased in 1980, giving Credit Suisse 100% control of the firm.^[1]

In 2003, European Gold Refineries SA purchased 100% of Valcambi from Credit Suisse for approximately $400 Million.^[3][4][5]

References[]

External links[]

• Valcambi company website
• Rajesh Exports Limited company website