IMI plc: Difference between revisions
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Svgalbertian (talk | contribs) also traded as OTCQX |
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| company_name = IMI plc |
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| company_logo = [[Image:Imiplclogo.PNG]] |
| company_logo = [[Image:Imiplclogo.PNG]] |
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| company_type = Public company |
| company_type = Public company |
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| traded_as = {{LSE|IMI}}<br>{{OTCQX|IMIAY}} |
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| foundation = 1862 |
| foundation = 1862 |
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Revision as of 14:21, 5 May 2012
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| Company type | Public company |
|---|---|
| LSE: IMI OTCQX: IMIAY | |
| ISIN | GB00BGLP8L22  |
| Industry | Engineering |
| Founded | 1862 |
| Headquarters | Birmingham, England |
Key people | Roberto Quarta (Chairman) Martin Lamb (CEO) |
| Revenue | £2,135.0 million (2011)[1] |
| £374.1 million (2011)[1] | |
| £203.7 million (2011)[1] | |
Number of employees | 14,700 (2011)[2] |
| Website | www.imiplc.com |
IMI plc (LSE: IMI), formerly Imperial Metal Industries, is a British based engineering company headquartered in Birmingham, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
History
The Company was founded by Scottish entrepreneur George Kynoch who opened a percussion cap factory in Witton, West Midlands in 1862, trading as Kynoch.[3] The business soon diversified, manufacturing goods ranging from soap and bicycle components to non-ferrous metals, but by the early 20th century it had developed particular expertise in metallurgy.[3] After World War I it merged with Nobel Industries.[3] In 1926 the Company acquired Eley Brothers, an ammunition business.[4] The Company, by then known as Nobel Explosives, was one of the four businesses which merged in 1927 to create Imperial Chemical Industries.[3] The Witton site became the head office of ICI Metals.[3] In the 1950s the company's researchers perfected the process for producing titanium on a commercial basis.[3]
The name Imperial Metal Industries Limited (IMI for short) was adopted on the 100th anniversary of the firm in 1962.[3] The Company was listed on the London Stock Exchange in 1966.[3] Initially ICI retained a majority holding, but in 1978 IMI became fully independent.[3]
In the 1990s the Company disposed of its more basic businesses such as metal smelting and metal founding.[3]
Operations
The Company now has five divisions:[5]
- Severe service: control valves for environments such as power plants and oil and gas production facilities.
- Fluid power: customised motion and fluid controls for manufacturing processes.
- Indoor climate: building climate and energy management equipment.
- Beverage dispense: beverage cooling equipment for caterers and retailers.
- Merchandising systems: point of purchase display systems.
References
- ^ a b c Preliminary Results 2011
- ^ IMI: At a glance
- ^ a b c d e f g h i j IMI History
- ^ Eley: About us
- ^ IMI: About us
