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
BASF will build a commercial scale battery recycling black mass plant in Schwarzheide, Germany. This investment strengthens BASF’s cathode active materials (CAM) production and recycling hub in Schwarzheide. The site is an ideal location for the build-up of battery recycling activities given the presence of many EV car manufacturers and cell producers in Central Europe.
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