The Full Wiki

More info on Johnson Matthey

Johnson Matthey: Wikis

Advertisements
  
  

Note: Many of our articles have direct quotes from sources you can cite, within the Wikipedia article! This article doesn't yet, but we're working on it! See more info or our list of citable articles.

Encyclopedia

From Wikipedia, the free encyclopedia

Johnson Mathey plc
Type Public (LSE: JMAT)
Founded 1817
Headquarters London, England, UK
Key people Sir John Banham (Chairman), Neil Carson, (CEO)
Industry Chemicals
Products Precious Metals, Industrial catalysts
Revenue £7,847.8 million (2009)[1]
Operating income £280.0 million (2009)[1]
Net income £173.9 million (2009)[1]
Employees 8,500 (2010)[2]
Website www.matthey.com

Johnson Matthey plc (LSE: JMAT) is a major British chemical company and conglomerate, with its headquarters near Holborn in central London. Its stock is traded on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Contents

History

Johnson Matthey traces its origins to 1817, when Percival Norton Johnson set up business as a gold assayer in London.[3] In 1851 George Matthey joined the business and its name was changed to Johnson & Matthey.[3] The following year the firm was appointed Official Assayer & Refiner to the Bank of England.[3] The company had branches in the cities of Birmingham and Sheffield to supply the Jewelry and Silverware & Cutlery trade with raw materials ancillary supplies, such as Silver solder and flux which they manufactured.

In the 1960s, Johnson Matthey formed a subsidiary, Johnson Matthey Bankers, which took its seat in the London Gold Fixing. In the early 1980s the bank expanded its activities outside the bullion business and started making high-risk loans: the quality of some of these loans turned out to be worse than expected, such as the £21 million lent to the Abdul Shamji of Gomba Holdings[4] (the then owner of Puddle Dock and the Mermaid Theatre in London) and the size of them exceeded the capital of the bank. Shamji was sentenced to 15 months in prison for lying about his assets during a subsequent High Court inquiry into the banks collapse.[5] To prevent a wider banking crisis, the Bank of England organised a rescue package in the evening of 30 September 1984, purchasing JMB for £1.[6]

In 2008 Johnson Matthey acquired Argillon, a business specialising in catalysts for €214 million.[7]

In December 2008 JMI was sentenced to a $3 million criminal fine for a felony violation of the United States Clean Water Act, after admitting to violating the Clean Water Act at its Salt Lake City precious metals refining facility.[8]

Current operations

The company's head office is located in Hatton Garden, central London. The principal operating facility in the UK is located at Royston in Hertfordshire, with other facilities in Edinburgh, Brimsdown in Enfield, north London and Clitheroe in Lancashire as well as a large facility in Germiston, South Africa. The company's UK Technology Centre is based at Sonning Common in Oxfordshire. In the US its principal site is located at West Deptford, New Jersey.

The company now has three divisions:[9]

References

External links

Advertisements

Advertisements






Got something to say? Make a comment.
Your name
Your email address
Message