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 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.
In recent times, the business has struggled with issues related to over-expansion - including an unprofitable battery materials division and inefficient management. However, by reducing its administrative headcount, slimming down to its core business and focusing on emerging green technologies, Johnson Matthey has moved to reduce costs and compete more effectively against major rivals such as Croda and Ceres.
A return to the FTSE 100 in 2022 demonstrated that this response was paying dividends, showcasing the company's ability to adapt its approach when needed. With its core business booming, Johnson Matthey is focusing on research into sustainable catalysts and renewable fuel cell technology which will enable it to contribute further to the green economy.
Freddie
Company Specialist at Welcome to the Jungle
