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Corporation
INDUSTRIAL
matthey.com

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Founded Year

1817

About Johnson Matthey

Johnson Matthey is a global sustainability firm focused on clean air, efficient natural resources, health, and new market research to develop new technologies serving the environment, automotive, chemical, pharmaceutical, recycling, oil, and other industries.

Johnson Matthey Headquarter Location

5th Floor 25 Farringdon St

London, England, EC4A 4AB,

United Kingdom

Latest Johnson Matthey News

Jobs under threat at Billingham battery plant as firm announces closure of business

Jan 20, 2022

Jobs under threat at Billingham battery plant as firm announces closure of business Around 150 are under consultation at Johnson Matthey's Belasis Technology Park site after company failed to find buyer for business Get the latest news from Darlington direct to your inbox with our free email newsletter Invalid EmailSomething went wrong, please try again later. Subscribe We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Thank you for subscribingWe have more newsletters Show me See our privacy notice Staff at a Billingham battery plant have been placed under consultation after their employer announced it is closing the business. Johnson Matthey has failed to find a buyer for its Battery Materials business, including its site at Belasis Technology Park . Read more: Go here for the latest breaking news from across Teesside The global firm says it is still "pursuing the sale of its individual assets" after talks "with a number of parties" to offload the business as a whole had broken down. Stockton North MP Alex Cunningham has pledged to help workers affected "however he can". He said: "This news is obviously very disappointing, both to the people who now face redundancy and to Teesside as a whole, which has an unemployment rate almost twice the national average. “Johnson Matthey was also a key player in supporting the transition to electric vehicles, and the only major British one, and its exit means the industry is now dominated with foreign firms. "The Government has serious questions to answer about how it will support British industries going forward. “I hope a buyer can be found for the business and jobs can be saved, and will do anything I can to support the company and employees during this difficult period.” Alex Cunningham MP (Image: Ian Cooper / Teesside Live) Some staff could be transferred to JM's other sites or a new employer, if a buyer can be found. The company announced its plans to exit the battery market in November, claiming potential returns from its battery materials business "would not be adequate to justify further investment". A spokesperson said: "On November 11, we announced our intention to pursue the sale of all or parts of our Battery Materials business with the ultimate intention of exiting. "Further to that announcement, we have held discussions with a number of parties about a sale of the entire business. "These discussions have not resulted in an agreement to sell the entire business as a going concern. "Consequently, we are announcing that we are commencing consultation with our employees about our proposed closure of the Battery Materials business, and we are pursuing the sale of its individual assets." The 204-year-old British firm has been developing a next-generation battery cathode material, which it says will increase the range of electric vehicles. The firm said in November while demand for battery materials is accelerating, "so is competition from alternative technologies and other manufacturers". Consequently, this is rapidly turning into a high volume commoditised market, a spokesperson said. "In recent months, as JM has been exploring strategic partnerships, it has also become clear that our capital intensity is too high compared with other more established large scale, low cost producers," they added. This decision to exit the battery market will allow the company to "accelerate its investment and focus on more attractive growth areas" such as hydrogen technologies and the decarbonisation of the chemicals value chain. Johnson Matthey employs staff at other sites across Teesside including Billingham and Teesdale. The latest move affects around 430 battery materials staff in total, most of which are based in the UK. For breaking news in your area direct to your inbox every day, go here to sign up to our free newsletter Read More Related Articles

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Expert Collections containing Johnson Matthey

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Johnson Matthey is included in 1 Expert Collection, including Energy Storage.

E

Energy Storage

940 items

This collection includes large and small energy storage technology, from grid-scale molten salt containers to small, thin-film lithium-ion batteries.

Johnson Matthey Patents

Johnson Matthey has filed 307 patents.

The 3 most popular patent topics include:

  • Chemical processes
  • Engine technology
  • Air pollution control systems
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/22/2019

1/18/2022

Chemical processes, Air pollution control systems, Catalysis, Metal halides, Calcium minerals

Grant

Application Date

3/22/2019

Grant Date

1/18/2022

Title

Related Topics

Chemical processes, Air pollution control systems, Catalysis, Metal halides, Calcium minerals

Status

Grant

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