Johnson Matthey
Johnson Matthey plc is a British multinational
Johnson Matthey plc
speciality chemicals and sustainable technologies
company headquartered in London, England. It is
listed on the London Stock Exchange and is a
Company Public limited company
constituent of the FTSE 250 Index.
type
Traded as LSE: JMAT (https://www.lond
History onstockexchange.com/stock/J
MAT//)
FTSE 250 component
Early years Industry Chemicals
Precious metals
Johnson Matthey traces its origins to 1817, when
Founded 1817
Percival Norton Johnson set up business as a gold
(London, England)
assayer in London.[4] In 1851 George Matthey joined
Headquarters London, England, UK
the business and its name was changed to Johnson &
Matthey.[4] The following year the firm was appointed Key people Patrick Thomas (chairperson)
official assayer and refiner to the Bank of England.[4]
The company had branches in the cities of Liam Condon (CEO)
Birmingham and Sheffield to supply the jewellery and Products Emission control catalysts,
silverware and cutlery trade with raw materials and industrial catalysts,
ancillary supplies, such as silver solder and flux, which absorbents, process
technologies, fine chemicals,
it manufactured.[5]
active pharmaceutical
In 1874, the company was commissioned to ingredients, chemical
products, medical device
manufacture the kilogram reference standard, made
components, colours,
from 90% platinum and 10% iridium, and held in the coatings, fuel cell technology,
Bureau International des Poids et Mesures battery technology
(International Bureau of Weights and Measures), and Revenue £14,933 million (2023)[1]
copies of it for international distribution. Johnson
Operating £406 million (2023)[1]
Matthey similarly also produced the International income
Prototype Metre and its copies.[6]
Net income £276 million (2023)[1]
Number of 12,666 (2023)[1]
20th century employees
Beginning in 1957, the company published the journal Website matthey.com (https://matthey.
Platinum Metals Review with the support of the com)
Rustenburg Platinum Mines.[7][8] Footnotes / references
[2][3]
In the 1960s Johnson Matthey formed a subsidiary,
Johnson Matthey Bankers (JMB), 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. Bank assets
more than doubled between 1980 and 1984, and loans became concentrated to a few borrowers, including
Mahmoud Sipra and his El Saeed group, Rajendra Sethia and ESAL Commodities, and Abdul Shamji.[9]
The quality of some of these loans turned out to be worse than expected, such as the £21 million lent to
Abdul Shamji of Gomba Holdings[10] (the then owner of Puddle Dock and the Mermaid Theatre in
London). The size of the loans grew to exceed the level of the bank's capital. (Shamji was sentenced to 15
months in prison for lying about his assets during a High Court inquiry into the bank's collapse.)[11]
Because JMB was one of five members of the London Gold Fixing, Bank of England officials were
worried that if it became insolvent confidence in the other bullion banks would be undermined, and panic
could spread to the rest of the British banking system. To prevent a wider banking crisis the Bank of
England organised a rescue package on the evening of 30 September 1984, purchasing JMB for £1.[12]
Most of JMB's business was subsequently sold to Mase Westpac.[13]
21st century
In 2008 Johnson Matthey acquired Argillon, a business specialising in catalysts, for €214 million.[14]
In October 2010 Johnson Matthey acquired InterCAT, a supplier of fluid catalytic cracking additives for
the petroleum refining industry, for $56.2 million.[15] Also in 2010 Johnson Matthey opened a new
£34 million European emission control catalyst plant in Skopje, (North Macedonia), which produced
catalysts for both light- and heavy-duty vehicles.[16]
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.'[17]
In 2014, the company was shortlisted for Business in the Community's Responsible Business of the Year
Award for its Sustainability 2017 programme.[18]
In 2015, Johnson Matthey sold its gold and silver refining operations to Asahi Holdings, Inc., a Japanese
firm.[19]
Operations
Johnson Matthey is organised into four main businesses: Clean Air, Catalyst Technologies, Hydrogen
Technologies, and Platinum Group Metals Services.[20]
Factories in Europe
In August 2018, Johnson Matthey started the construction of a new factory in Gliwice in Poland. The
plant covers an area of approximately 23,000 m2 and is costing about PLN 450 million. The project will
create about 400 new jobs. The plant consists of two production lines which will manufacture a range of
catalysts.[21]
In 2009, Johnson Matthey opened a catalyst manufacturing plant in North Macedonia.[22] It was
expanded in 2012[23] and went on to become the largest exporter in North Macedonia.[24]
Environmental performance
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.[25] 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.[26]
See also
Gold
Platinum
Silver
Johnson Matthey Technology Review
References
1. "Annual Report 2023" (https://matthey.com/documents/161599/3125324/Johnson+Matthey+
2023+Annual+Report+and+Accounts.pdf) (PDF). Johnson Matthey Plc. Retrieved
13 February 2024.
2. "Johnson Matthey PLC overview - Find and update company information - GOV.UK" (https://
find-and-update.company-information.service.gov.uk/company/00033774). Companies
House. 11 April 1891. Retrieved 5 September 2023.
3. "Terms of Use" (https://matthey.com/website-information/terms-of-use). Matthey. Retrieved
5 September 2023.
4. Reece, Damian (25 March 2012). "Spark-plug maker Johnson Matthey is a breath of fresh
air for all of us" (https://www.telegraph.co.uk/finance/financetopics/profiles/9165887/Spark-pl
ug-maker-Johnson-Matthey-is-a-breath-of-fresh-air-for-all-of-us.html). Telegraph.co.uk.
Retrieved 3 March 2019.
5. La-Niece, Susan (1993). Metal Plating and Patination: Cultural, technical and historical
developments (https://books.google.com/books?id=XgshBQAAQBAJ&q=Johnson+Matthey+
sheffield+silver&pg=PA222). Butterworth-Heinemann. p. 222. ISBN 978-0750616119.
6. Smith, F.J. (1973). "Standard Kilogram Weights: A Story of Precision Fabrication" (https://do
cserver.ingentaconnect.com/deliver/connect/matthey/00321400/v17n2/s8.pdf) (PDF).
Platinum Metals Review. 17 (2). John Matthey: 66–68 – via Ingenta Connect.
7. Donald McDonald; Leslie B. Hunt (1 January 1982). A History of Platinum and its Allied
Metals (https://books.google.com/books?id=xriMAgAAQBAJ&pg=PA422). Johnson Matthey
Plc. p. 422. ISBN 978-0-905118-83-3.
8. "Review: A Noble Rival to Gold". in New Scientist (https://books.google.com/books?id=dyM2
kv5r7-gC&pg=PA450). Reed Business Information. 17 February 1983. pp. 450–.
ISSN 0262-4079 (https://search.worldcat.org/issn/0262-4079).
9. Portrait of an Old Lady: Turmoil at the Bank of England By: Stephen Fey ISBN 0-670-81934-
4
10. "The Truth about Lloyds" (http://www.truthaboutlloyds.com/fraud/myth85.html). The Truth
about Lloyds. Retrieved 18 April 2011.
11. Captain Moonlight: Offstage drama at the Mermaid (https://www.independent.co.uk/opinion/
captain-moonlight-offstage-drama-at-the-mermaid-1466921.html) The Independent, 12
December 1993
12. When was the last nationalisation? (http://news.bbc.co.uk/1/hi/magazine/7250668.stm) BBC
News, February 2008
13. "Rescued bank sold by Britain" (https://www.nytimes.com/1986/04/11/business/rescued-ban
k-sold-by-britain.html). The New York Times. 11 April 1986. Retrieved 17 March 2015.
14. "Johnson Matthey to buy Argillon for €214 million" (https://www.reuters.com/article/rbssIndus
tryMaterialsUtilitiesNews/idUSWLB433020071210). Reuters. 18 April 2011. Retrieved
30 January 2012.
15. "Johnson Matthey PLC To Acquire Intercat, Inc" (https://www.reuters.com/finance/stocks/JM
AT.L/key-developments/article/1993022). Reuters. Retrieved 30 January 2012.
16. "Johnson Matthey Opens Major New European Emission Control Catalyst Plant in
Macedonia" (http://www.businesswire.com/news/home/20100414005910/en/Johnson-Matth
ey-Opens-Major-European-Emission-Control). Business Wire. 30 January 2012. Retrieved
30 January 2012.
17. Institute of Chartered Secretaries and Administrators (2012). Awards Report 2012 –
Delivering transparency, changing behaviour (https://www.icsa.org.uk/assets/files/pdfs/guida
nce/2012PostAwardsReport(1).pdf) (PDF) (Report). Institute of Chartered Secretaries and
Administrators. p. 5. Retrieved 15 November 2014.
18. "Johnson Matthey - Sustainability 2017" (http://www.bitc.org.uk/our-resources/case-studies/j
ohnson-matthey-sustainability-2017). Business in the Community. Retrieved 16 November
2014.
19. "Johnson Matthey sells its gold and silver refining business" (https://www.telegraph.co.uk/fin
ance/newsbysector/industry/11293787/Johnson-Matthey-sells-its-gold-and-silver-refining-bu
siness.html). The Daily Telegraph. 15 December 2014. Retrieved 3 March 2019.
20. "Johnson Matthey Sector Structure" (https://matthey.com/about-us/our-sector-structure).
Johnson Matthey. Retrieved 12 April 2019.
21. "Johnson Matthey zbuduje w Gliwicach fabrykę katalizatorów. Praca dla 350 osób" (https://g
liwice.wyborcza.pl/gliwice/7,95519,23733978,johnson-matthey-zbuduje-w-gliwicach-fabryke-
katalizatorow-praca.html). Retrieved 10 March 2020.
22. "Matthey to build catalyst plants in Macedonia, U.S." (https://www.reuters.com/article/metals
-johnsonmatthey-plants-idUKL2929352420071129) Reuters. 29 November 2007. Retrieved
11 March 2022.
23. "Johnson Matthey expands Macedonia plant for emission control catalysts" (https://www.hyd
rocarbonprocessing.com/news/2013/11/johnson-matthey-expands-macedonia-plant-for-emi
ssion-control-catalysts). Hydrocarbon Processing. Retrieved 11 March 2022.
24. "Automotive Components Remain A Key Driver of Macedonian Exports Despite the
Pandemic" (https://china-cee.eu/2021/05/24/north-macedonia-economy-briefing-automotive-
components-remain-a-key-driver-of-macedonian-exports-in-spite-of-the-pandemic/). China
CEE Institute. Retrieved 11 March 2022.
25. "Utah gold and silver refinery sentenced for Clean Water Act violation" (http://yosemite.epa.g
ov/opa/admpress.nsf/d0cf6618525a9efb85257359003fb69d/3116951117fc740a852575150
07efa80!OpenDocument). Yosemite.epa.gov. Retrieved 18 April 2011.
26. "Utah Refinery To Pay $3M in Criminal Pollution Case" (https://www.law360.com/articles/682
40/utah-refinery-to-pay-3m-in-criminal-pollution-case). Law 360. 4 September 2008.
Retrieved 3 March 2019.
External links
Official site (https://www.matthey.com)
Companies portal
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