Specialty chemicals company Johnson Matthey PLC Thursday said it will reorganize its business into four divisions instead of five.
The reorganization will lead to “further synergies for customers and create value for shareholders,” the company said.
At 1508 GMT, shares down 3 pence, or 0.1%, at 2,896 pence valuing the company at 5.6 billion pounds ($6.97 billion).
Write to Rory Gallivan
Private equity investor Cinven is acquiring MBCC Group’s admixture business from Swiss construction chemicals major Sika on the rebound. Earlier, the British Competition and Markets Authority (CMA) had turned thumbs down on plans to sell the business to Ineos, citing antitrust concerns.
Air Liquide S.A. (Paris) announced the construction of an industrial scale ammonia (NH3) cracking pilot plant in the port of Antwerp, Belgium. When transformed into ammonia, hydrogen can be easily transported over long distances.
Huhtamaki receives a gold medal from EcoVadis on its sustainability performance – for the third year running. Its score places Huhtamaki in the top 4% of over 100,000 rated companies across the globe. EcoVadis is the world’s largest and most trusted business sustainability index.