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| Year to 31st March | ||||
|---|---|---|---|---|
| 2010 £ million |
2009 £ million |
% change |
% at constant rates |
|
| Revenue | 2,056 | 2,226 | -8 | -11 |
| Sales excluding precious metals | 1,247 | 1,135 | +10 | +6 |
| Underlying operating profit | 120.9 | 124.3 | -3 | -6 |
Description of the Business
Emission Control Technologies (ECT)
ECT comprises Johnson Matthey’s global autocatalyst, heavy duty diesel and stationary emissions control businesses. We are a world leading manufacturer of catalysts for vehicle exhaust emission control and a leader in catalyst systems for the reduction of emissions from industrial processes. Manufacturing plants are located in the UK, Germany, Belgium, Macedonia, Russia, USA, Mexico, Argentina, South Africa, Japan, Malaysia, India, China and South Korea. R&D facilities are in the USA, UK, Germany, Sweden, Japan, South Korea and Brazil.
Process Technologies
Process Technologies manufactures process catalysts for the syngas, methanol, ammonia, hydrogen, gas / coal to products, oil refineries and gas processing industries. Davy Process Technology develops chemical process technologies and licenses them to customers in the oil, gas and petrochemical industries. Our Tracerco business is an industrial leader in specialist technology for the diagnostics, measurement and analysis of process plant conditions across the hydrocarbon chain. Process Technologies serves customers around the world and has manufacturing sites in the UK, India and China, supported by several UK based technology centres and technical offices in key centres worldwide.
Fuel Cells
Johnson Matthey has a world leading position in the development and manufacture of catalysts and catalysed components for fuel cells.
Performance in 2009/10
In 2009/10 Environmental Technologies Division recovered from a weak first half with good growth in the second half of the year. ECT was significantly affected in the first half by the slowdown in demand across all areas but saw a strong recovery for autocatalysts in the second half. However, despite challenging economic conditions, Process Technologies continued to perform well supported by strong demand for its syngas products in China. For the year as a whole, Environmental Technologies Division’s revenue fell by 8% to £2,056 million; sales excluding precious metals were 10% ahead at £1,247 million; however underlying operating profit fell by 3% to £120.9 million. Translated at constant exchange rates, sales excluding precious metals increased by 6% and underlying operating profit was 6% lower.
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