Elementis

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Elementis plc
Type Public (LSEELM)
Industry Chemicals
Founded 1844
Headquarters London, UK
Key people Bob Beeston, Chairman
David Dutro, CEO
Revenue $776.8 million (2013)[1]
Operating income $146.6 million (2013)[1]
Net income $106.7 million (2013)[1]
Website www.elementis.com

Elementis plc is one of the UK's largest speciality chemicals business. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

The company was founded in Liverpool in 1844 as Harrisons and Crosfield by Daniel Harrison, Smith Harrison and Joseph Crosfield to trade in tea and coffee.[2] In the 1860s it became one of the largest tea traders in the UK.[2] In 1903 it diversified into operating rubber plantations in the far east acquiring shareholdings in a number of plantation companies.[3] Then in 1948 the company became a major producer of latex at its factory in Petaling.[3]

In 1967 it acquired Durham Chemicals in Birtley[4] and in 1973 acquired British Chrome & Chemicals in Eaglescliffe so diversifying into the chemicals business.[5] It also acquired a stake in the Sabah Timber Company[6] and then in 1978 took complete control of it.[3] By the end of the 1970s Harrisons and Crosfield was the 91st largest industrial company in the UK by turnover.[7]

In 1982 it sold its Malaysian plantations and in 1994 it sold its Indonesian plantations: these business have since been absorbed into Sime Darby[8] and London Sumatra respectively.[9]

In 1998 it changed its name to Elementis plc[2] and acquired Rheox, a speciality chemicals business[10] and in 2002 it acquired Oxychem's chromium chemicals business.[11]

Operations[edit]

The business has three divisions:

References[edit]

External links[edit]