Friday, August 19, 2016

Large, Global Testing, Inspection, and Certification Companies

Six large, global testing, inspection, and certification (TIC) companies are:

These six TIC companies (all public companies) provide services that can benefit chemical companies.  Here are a few of the services they provide:

Inspect whether regulatory standards and safety requirements are being complied with

Support a company’s chemical and physical testing needs

Provide a third-party evaluation of supply chain and distribution routes

Consult on worldwide regulatory compliance issues

Provide a third-party certification (verification) to a company’s customers, vendors, lenders, regulators, and other parties when needed

Assess a company’s results on objectives against the company’s own assessments

Provide a third-party evaluation of a company’s facilities and processes

Having a good relationship with a company like one of the six companies listed above seems to me to be an important chemical company asset.  One, or all, of the services they provide, such as those identified above, could be uniquely valuable to a company.

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