Founded in 1817, UK-based Johnson Matthey has built on over 200 years of experience in chemistry and materials to become a world leader in sustainable technologies. It was responsible for scientific milestones such as producing the first emission control catalyst, greatly reducing vehicle exhaust emissions. From relatively humble beginnings it has since grown into a global business, present in more than 30 countries.
Perhaps a victim of its own success, Johnson Matthey has struggled in recent years with issues related to over-expansion including an unprofitable battery materials division and inefficient management. By reducing its administrative headcount, slimming down to its core business and focusing on emerging green technologies, Johnson Matthey hopes to reduce costs and allow it to compete more effectively against major rivals such as Croda and Ceres.
So far this strategy has paid dividends, with Johnson Matthey returning to the FTSE 100 in late 2022. With its core business booming, it is aiming to focus on research into sustainable catalysts and renewable fuel cell technology which will enable it to increase the 90% of its products that are contributing to a greener economy to 100% by 2040.
Freddie
Company Specialist at Welcome to the Jungle
