Argor-Heraeus is a Swiss precious metals refining and minting company that has a long-standing history in the precious metals industry. Here's an overview of its background and historical development:
Founding of Heraeus:
The origins of Argor-Heraeus can be traced back to the founding of Heraeus, a German technology group, in 1851 by Wilhelm Carl Heraeus. Initially, Heraeus focused on manufacturing and trading in precious metals, including gold and silver.
Establishment of Argor:
In 1951, Heraeus established a subsidiary called Argor SA in Chiasso, Switzerland, to specialize in the refining and production of precious metals. Argor initially operated as a gold and silver refinery, offering refining services to industrial clients and producing precious metal bars.
Expansion and Acquisitions:
Argor experienced significant growth and expansion over the years through strategic acquisitions and partnerships. In 1999, Commerzbank, a German financial institution, acquired a majority stake in Argor, strengthening the company's financial capabilities and market position.
Joint Venture with Austrian Mint:
In 2000, Argor entered into a joint venture with the Austrian Mint and became known as Argor-Heraeus. The partnership aimed to combine the expertise of both companies in refining and minting precious metals, expanding their product offerings and market reach.
Leadership and Market Position:
Argor-Heraeus emerged as a leading player in the precious metals industry, known for its high-quality refining processes and products. The company has been involved in refining and producing gold, silver, platinum, and palladium, catering to various sectors, including banking, jewelry, industrial, and investment.
LBMA Membership and Accreditations:
Argor-Heraeus has been a member of the London Bullion Market Association (LBMA) since 1961, which signifies its adherence to the highest standards of quality and integrity in the precious metals market. The company has also obtained accreditations from other renowned organizations, such as the Responsible Jewellery Council (RJC) and the Responsible Minerals Initiative (RMI).
Heraeus' Stake and Ownership Changes:
In 2017, Heraeus acquired the remaining shares of Argor-Heraeus from Commerzbank, becoming the sole owner of the company. As a result, Argor-Heraeus became a fully integrated part of the Heraeus Group while continuing its operations under the Argor Heraeus brand.
Today, Argor-Heraeus remains a prominent player in the precious metals refining and minting industry, known for its commitment to quality, sustainability, and innovation. The company continues to provide a wide range of refining, assaying, minting, and other value-added services to clients worldwide, contributing to the global supply chain of precious metals.
