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Johnson Matthey

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Johnson Matthey

Johnson Matthey
Type Public limited company
Traded as LSE: JMAT
Industry Chemicals
Precious metals
Founded 1817 (London)
Headquarters London, United Kingdom
Key people Tim Stevenson (Chairman)
Robert MacLeod (Chief Executive)
Products Emission control catalysts, industrial catalysts, absorbents, precious metal products, process technologies, fine chemicals, active pharmaceutical ingredients, chemical products, medical device components, colours, coatings, fuel cell technology, battery technology
Revenue £11,155.2 million (2014)[1]
Operating income £448.2 million (2014)[1]
Net income £338.7 million (2014)[1]
Employees 12,000 (2014)[2]

Johnson Matthey (LSE: JMAT) is a British multinational speciality chemicals and sustainable technologies company headquartered in the United Kingdom. It is listed on the London Stock Exchange and has been a constituent of the FTSE 100 Index since 2002. Today, the company has market capitalisation of over £6 billion with 12,000 employees operating in more than 30 countries.


Johnson Matthey traces its origins to 1817, when [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 jewellery and silverware and cutlery trade with raw materials ancillary supplies, such as silver solder and flux, which it manufactured.

In 1989, worldwide annual turnover of Johnson Matthey was £1.43 bilion, with industrial plants in Evere (Belgium), Wayne (Pennsylvania) and Kogarah (Australia).[4]

In 2008 Johnson Matthey acquired Argillon, a business specialising in catalysts, for €214 million.[5]

In October 2010 Johnson Matthey acquired InterCAT, a supplier of fluid catalytic cracking additives for the petroleum refining industry, for $56.2 million.[6] Also in 2010 Johnson Matthey opened a new £34 million European emission control catalyst plant in Macedonia, which leveraged its manufacturing technology to produce catalysts for both light- and heavy-duty vehicles.[7]

Johnson Matthey Bankers

In the 1960s Johnson Matthey formed a subsidiary, Johnson Matthey Bankers (JMB), which took its seat in the [11] Most of JMB's business was subsequently sold to Mase Westpac.


The company's head office is 25 Farringdon Street, City of London. The principal operating facility in the UK is in Royston in Hertfordshire, with other facilities in Swindon, Edinburgh, Brimsdown in Enfield, Billingham in Teesside and Clitheroe in Lancashire. The UK Technology Centre is based at Sonning Common in Berkshire. In the US the principal site is at West Deptford, New Jersey. The company has operations in more than 30 countries.

Products and activities

Johnson Matthey's principal activities are:

Business divisions

Johnson Matthey is organised into five divisions:[12]

  • Emission Control Technologies manufactures catalysts for light and heavy duty vehicles and stationary exhaust emission control and is a supplier of catalytic systems, including Continuously Regenerating Trap (CRT) systems for controlling heavy duty diesel vehicle pollution, which the company commercialised in 1995 and for which it won a MacRobert Award for in 2000.[13][14] Today, around one third of all cars worldwide are fitted with a Johnson Matthey catalyst.[15]
  • Process Technologies supplies catalysts, licenses technologies and delivers other services to the petrochemical, syngas, oil refining and gas processing industries.[16]
  • Precious Metal Products manages, distributes, refines and recycles precious metals and fabricates products using precious metals and related materials. Johnson Matthey offers seven metal separation of gold, silver, platinum, palladium, rhodium, iridium and ruthenium.[17] Products include advanced coatings for glass manufacture,[18] catalysts for the production of nitric acid[19] and medical device components.[20][21]
  • Fine Chemicals supplies active pharmaceutical ingredients and catalysis and chiral technologies to the pharmaceutical, fine chemical and agrochemical industries. It is also a globally integrated supplier of research chemicals under the Alfa Aesar brand name.
  • New Businesses targets new opportunities in areas adjacent to the company’s current businesses and which align with its core technology competencies.[22] This division includes Johnson Matthey Fuel Cells and Johnson Matthey Battery Technologies.[23]


Johnson Matthey identifies Sustainability as an integral part of its growth strategy and a key driver for its competiveness.[24] In 2013/14 87% of Johnson Matthey’s sales came from products providing sustainability benefits.[25]

The company was one of the first FTSE 100 companies to produce an integrated annual report and won the Best Annual Report in the FTSE 100 in the ICSA Hermes Transparency in Governance Awards in 2012, which recognised how sustainability issues were ‘described in a way that clearly links them to business strategy and performance, rather than leaving them in a silo or on the sidelines.’ [26]

In 2014 Johnson Matthey was shortlisted for Business in the Community's Responsible Business of the Year Award for its Sustainability 2017 programme.[27]

Sustainability 2017 programme

Johnson Matthey has a formal framework, Sustainability 2017,[24] comprising five elements of sustainability – social, environment, health and safety, governance, financial – and six targets that were set when the programme launched in 2007 and that the company aims to achieve by 2017, the 200th anniversary of its foundation.

Sustainability targets

In 2007 Johnson Matthey set itself six targets to achieve by 2017.[28]

Environmental performance

The Sustainability 2017 programme aims to halve the company’s carbon intensity from a 2007 baseline of 294 tonnes CO2 equivalent / £ million sales to 147 tonnes. In 2013/14 Johnson Matthey reported a reduction in carbon intensity to 149 tonnes CO2 equivalent / £ million sales.[28] As a result of Johnson Matthey’s nitrous oxide abatement catalysts more than 64 million tonnes CO2 equivalent of N2O has been prevented from entering the atmosphere.[29]

In December 2008 US subsidiary Johnson Matthey Inc was fined $2.25 million for a felony violation of the United States Clean Water Act, after admitting to violating the act at its Salt Lake City precious metals refining facility.[30] The violation related to the selective screening of wastewater samples for compliance analysis. Following the charge Johnson Matthey Inc contributed $750,000 to the National Fish and Wildlife Foundation and entered a three year compliance agreement with the US Environmental Protection Agency.[31]


  1. ^ a b c "Preliminary Results for the year ended 31 March 2014". Retrieved 5 August 2014. 
  2. ^ "About us". Johnson Matthey. Retrieved 5 August 2014. 
  3. ^ a b c "Johnson Matthey History". Retrieved 18 April 2011. 
  4. ^ "Nuova fabbrica di catalizzatori per autovetture della Johnson Matthey". Difesa Ambientale (in Italian) (Editoriale PEG) XIV (3): 12. April 1990. 
  5. ^ "Johnson Matthey to buy Argillon for €214 million". Reuters. 18 April 2011. Retrieved 30 January 2012. 
  6. ^ "Johnson Matthey PLC To Acquire Intercat, Inc". Reuters. Retrieved 30 January 2012. 
  7. ^ "Johnson Matthey Opens Major New European Emission Control Catalyst Plant in Macedonia". Business Wire. 30 January 2012. Retrieved 30 January 2012. 
  8. ^ Portrait of an Old Lady: Turmoil at the Bank of England By: Stephen Fey ISBN 0-670-81934-4
  9. ^ "The Truth about Lloyds". The Truth about Lloyds. Retrieved 18 April 2011. 
  10. ^ Captain Moonlight: Offstage drama at the Mermaid The Independent, 12 December 1993
  11. ^ When was the last nationalisation? BBC News, February 2008
  12. ^ "Divisions – Johnson Matthey". Johnson Matthey. Retrieved 15 November 2014. 
  13. ^ "Emission Control Technologies – Johnson Matthey". Johnson Matthey Plc. Retrieved 15 November 2014. 
  14. ^ "The Continuously Regenerating Trap – CRT – Johnson Matthey". Johnson Matthey Plc. Retrieved 15 November 2014. 
  15. ^ "Autocatalysts emissions control Johnson Matthey Catalysts". Johnson Matthey. Retrieved 15 November 2014. 
  16. ^ "Process Technologies – Johnson Matthey". Johnson Matthey Plc. Retrieved 15 November 2014. 
  17. ^ "Global PGM Refining - Platinum group metals refining by Johnson Matthey.". Johnson Matthey Precious Metal Refining. Retrieved 15 November 2014. 
  18. ^ "Johnson Matthey Noble Metals - Glass - Glass". Johnson Matthey Noble Metals. Retrieved 15 November 2014. 
  19. ^ "Johnson Matthey Noble Metals - Nitro Technologies - Nitro Technologies". Johnson Matthey Noble Metals. Retrieved 15 November 2014. 
  20. ^ "Johnson Matthey Medical , JMMedical". Johnson Matthey. Retrieved 15 November 2014. 
  21. ^ "Precious Metal Products – Johnson Matthey". Johnson Matthey Plc. Retrieved 15 November 2014. 
  22. ^ Johnson Matthey Plc (18 June 2014). Annual Report & Accounts 2014 – Sustainable Technologies for Today and for the Future (Report). Johnson Matthey Plc. p. 41. Retrieved 15 November 2014.
  23. ^ "New Businesses – Johnson Matthey". Johnson Matthey Plc. Retrieved 15 November 2014. 
  24. ^ a b "Sustainability 2017 - Johnson Matthey". Johnson Matthey Plc. Retrieved 15 November 2014. 
  25. ^ Johnson Matthey Plc (18 June 2014). Annual Report & Accounts 2014 – Sustainable Technologies for Today and for the Future (Report). Johnson Matthey Plc. p. 10. Retrieved 15 November 2014.
  26. ^ Institute of Chartered Secretaries and Administrators (2012). Awards Report 2012 – Delivering transparency, changing behaviour (Report). Institute of Chartered Secretaries and Administrators. p. 5. Retrieved 15 November 2014.
  27. ^ "Johnson Matthey - Sustainability 2017". Business in the Community. Retrieved 16 November 2014. 
  28. ^ a b "Six Sustainability Targets - Johnson Matthey". Johnson Matthey Plc. Retrieved 15 November 2014. 
  29. ^ "Johnson Matthey Noble Metals:platinum, precious metal alloy". Johnson Matthey Noble Metals. Retrieved 15 November 2014. 
  30. ^ "Utah gold and silver refinery sentenced for Clean Water Act violation". Retrieved 18 April 2011. 
  31. ^ Johnson Matthey Plc (2009). Regulatory Matters – Sustainability Report 2008/09 (Report). Johnson Matthey Plc. Retrieved 5 November 2014.

External links

  • Official site
  • London Stock Exchange profile
  • Yahoo! Finance profile
  • Johnson Matthey Technology Review
  • Johnson Matthey LinkedIn
  • Johnson Matthey Twitter

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