CWT Commodities has no intention to sell firm

Company maintains independence despite news of planned sale of two warehousing firms' sale

Singapore-based CWT Commodities Pte Ltd, a unit of CWT, is not for sale and is expanding warehouse operations including another facility in the United States, an official said on Friday.

"We are doing well so we do not have intention to sell (the company). Our intention is to keep it independent," Jennifer Tan, the company's manager for London Metal Exchange operations, according to a Reuters report.

News of the planned sale of Italian-based Pacorini Group's metals warehousing unit to trading and mining giant Glencore International had fuelled speculation other warehousing firms may follow, traders said.

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