IMI plc: Difference between revisions
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==Business Platforms== |
==Business Platforms== |
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The Company now has three business divisions:<ref>{{cite web|url=http://imiplc.com/our-businesses.aspx |publisher=IMI|title= Our businesses|accessdate=10 March 2014}}</ref> |
The Company now has three business divisions:<ref>{{cite web|url=http://imiplc.com/our-businesses.aspx |publisher=IMI|title= Our businesses|accessdate=10 March 2014}}</ref> |
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*Critical engineering: Critical Engineering division is a provider of engineered flow control solutions for critical applications that are able to withstand temperature and pressure extremes and intensely abrasive and corrosive cyclical operations. |
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*Fluid power: customised motion and fluid controls for manufacturing processes. |
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*Precision engineering: Precision Engineering division specialises in the design and manufacture of pneumatic and other flow control technologies for applications where precision, speed and reliability are essential. |
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*Severe service: control [[valve]]s for environments such as power plants and oil and gas production facilities. |
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*Hydronic Engineering: Hydronic Engineering division is the provider of technologies that deliver operational and energy efficient water-based heating and cooling systems inside buildings. |
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*Indoor climate: building climate and energy management equipment. |
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==References== |
==References== |
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Revision as of 17:56, 7 August 2014
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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) Mark Selway (CEO) |
| Revenue | £1,744 million (2013)[1] |
| £321.6 million (2013)[1] | |
| £227.0 million (2013)[1] | |
Number of employees | 12,000 (2014)[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]
The company announced in October 2013 that a decade-long programme of transformation had been completed with the disposal of two non-core subsidiaries to Berkshire Hathaway for £690m.[5] The disposal of Marmon Group, a beverage-dispensing machine business, together with the disposal of a marketing intelligence business, would enable the company to focus on its control valve making business.[6]
Business Platforms
The Company now has three business divisions:[7]
- Critical engineering: Critical Engineering division is a provider of engineered flow control solutions for critical applications that are able to withstand temperature and pressure extremes and intensely abrasive and corrosive cyclical operations.
- Precision engineering: Precision Engineering division specialises in the design and manufacture of pneumatic and other flow control technologies for applications where precision, speed and reliability are essential.
- Hydronic Engineering: Hydronic Engineering division is the provider of technologies that deliver operational and energy efficient water-based heating and cooling systems inside buildings.
References
- ^ a b c "Preliminary Results 2013" (PDF). IMI. Retrieved 10 March 2014.
- ^ "At a glance". IMI. Retrieved 10 March 2014.
- ^ a b c d e f g h i j "History". IMI. Retrieved 10 March 2014.
- ^ "About us". Eley. Retrieved 10 March 2014.
- ^ "IMI boss says decade-long transformation complete". The Telegraph. 16 October 2013. Retrieved 10 March 2014.
- ^ "Berkshire Hathaway buys UK's IMI". The Telegraph. 17 October 2013. Retrieved 10 March 2014.
- ^ "Our businesses". IMI. Retrieved 10 March 2014.
