SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
Information furnished as at January 31, 2000
Intertek Testing Services Limited
(Registrant)
25 Savile Row
London, W1X 1AA
England
(Address of principal executive office)
(Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F)
Form 20-F|X| Form 40-F
(Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934)
Yes No |X|
Schedule of Information contained in this report
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Press Release dated January 31, 2000
PRESS RELEASE
CLOSURE OF BONDAR CLEGG
Intertek Testing Services (ITS) has decided to close its Bondar Clegg division.
Bondar Clegg's annual revenues are estimated to be (pound)11 million for 1999,
representing approximately 3% of ITS' total sales revenue (5% in 1998).
Despite extensive cost reductions during 1999, the Bondar Clegg division is not
generating the financial returns that ITS is achieving in its other,
significantly larger divisions. The ITS board has decided therefore, that
capital investment will be more effectively employed in its core operating
divisions.
A closure programme has already begun and most of the Bondar Clegg operations
are expected to wind down over the next two months. Bondar Clegg will be working
closely with its clients to assist in finding them suitable alternative
suppliers. During the closure programme, ITS will be prepared to sell parts of
the Bondar Clegg business, providing that buyers are able to conclude a rapid
sale.
Bondar Clegg has long term commitments with certain mining operations in SE Asia
and West Africa. These mine site operations have performed well and ITS will
continue to service these obligations by absorbing the required expertise into
its Caleb Brett Division.
Bill Spencer Richard Nelson
Finance Director Chairman & CEO
Tel No: +44 171 396 3400 Tel No: +44 171 396 3400
31 January 2000
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant certifies that it meets all of the requirements for filing on Form
6-K and has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorised.
INTERTEK TESTING SERVICES LIMITED
(Registrant)
By: /s/ WILLIAM SPENCER
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Name: William Spencer
Title: Director
Date: January 31, 2000