- Business
- Johnson Matthey Plc is a UK-based global speciality chemicals company that operates primarily in the clean air, platinum group metals (PGM) services, hydrogen technologies, and catalyst sectors. The company manufactures and supplies emission control catalysts for light and heavy-duty vehicles, industrial catalysts for chemical and oil and gas sectors, PGM refining, recycling and trading services, catalyst coated membranes for fuel cells and electrolysers, and specialty catalysts and additives including process technology licenses and engineering design services. Its product portfolio includes catalysts for emission control after-treatment systems, PGM chemicals and industrial products, precious metal pastes and enamels, battery systems for medical devices, and detection and measurement solutions. Johnson Matthey also engages in the manufacture of fine chemicals and active pharmaceutical ingredients through its controlled substances and custom pharma solutions offerings. Founded in 1817 and headquartered in London, the UK, the company operates across the United Kingdom, Europe, the United States, China, and other global markets.
Most recently, Johnson Matthey agreed to sell its Catalyst Technologies business for £1.8 billion, returning £1.4 billion in cash to shareholders, a deal signed in 2025 that significantly reshapes the company's focus. This transaction follows the previous divestment of its Medical Devices business and marks a strategic shift towards a leaner, more focused organization primarily centered on its Clean Air and PGM Services segments. The refocused business aims to leverage its market-leading positions in emission control catalysts and circular PGM solutions to drive sustainable cash generation and shareholder returns. Additionally, Johnson Matthey has formed strategic alliances, including a SAF (Sustainable Aviation Fuel) technology partnership with Honeywell, GIDARA Energy, and Samsung E&A, and announced organizational changes such as the appointment of new financial and operational leadership. The company has also committed to a new world-class PGM refinery operation targeted by 2027 to enhance its refining capabilities and global footprint.
Johnson Matthey's business segments and target markets include:
- Clean Air: emission control catalysts for vehicles and non-road equipment with internal combustion engines.
- PGM Services: circular solutions, refining, recycling, trading of platinum group metals, and industrial products.
- Hydrogen Technologies: catalyst coated membranes for fuel cells and electrolysers critical to the energy transition.
- Value Businesses: including precious metal pastes, battery systems for medical use, and specialist catalysts.
- Chemicals: specialty chemicals, ammonia, nitric acid, formaldehyde, methanol, and process licensing technologies.
This strategic refocus and recent divestment underscore Johnson Matthey's transformation towards sustainability and value creation within the speciality chemicals and clean technology industries, maintaining its heritage while positioning for future growth and innovation across its core products and services.