Metalor USA Refining Corporation company takes precious metals (gold, silver, platinum, whathaveyou), recycles and refines them, and then sends the metals in powder, grain, or ingot form to its parent company, Metalor Technologies International. That Swiss metals company then turns them into glittery industrial coatings, electrical contacts, and watch and jewelry components. Attempting to balance out its production and geographic presence, Metalor has transferred some of its US production to the parent company's Swiss refinery and added to its capacity in China since the middle part of this decade.