Testing, Inspection and Certification (TIC) 2011
Sadly the year 2011 will go down in history because of a tragic nuclear disaster. On 12 March 2011 the Tohoku Earthquake triggered a devastating tsunami. The 13 meter waves breached the 10 meter walls of the Fukushima Nuclear Power Plant. The damage caused by the waves led to a chain reaction which resulted in three nuclear meltdowns. As the safety of nuclear power plants is a part of the Testing, Inspection and Certification (TIC) industry, the nuclear disaster marked a particularly sad incident for the industry for the year.
The Growth of TIC in 2011
The following chart shows the ranking of the largest TIC companies for the year 2011. The figures are given in million euro and were provided by CEOC International, International Confederation of Inspection and Certification Organisations.
Investing in Quality (TIC) 2011
Traditionally, investing in quality means hiring more quality people or performing more tests or inspections. But investing in quality can also mean investing in TIC companies which are publicly listed in the stock market. Below are the four biggest TIC companies in 2011, including a chart of their performance over that year.
The most successful market performers for the year 2011 were:
- Intertek with 14.65%
- Eurofins with 4.50%
- BV with -0.56%
- SGS with -0.89%