CWT carves out space in commodities bit by bit

[SINGAPORE] As the metals sector matures in Singapore, a company here - switching from Swiss to Singapore parentage - has grown in tandem.

MRI Trading has seen its revenue grow five-fold since it was acquired by CWT Limited, known for its warehousing and logistics business, in 2011.

The acquisition, in which CWT paid US$94 million for a 73.8 per cent stake, propelled the mainboard-listed group to become a global trader of base metal concentrates - the raw materials from which metals such as copper, zinc and lead are refined.