Umicore
Euronext Brussels: UMI
electro-optic and electronic materials | |
Revenue | €11.9 billion (2017)[3] |
---|---|
€524.1 million (2012)[4] | |
€372.1 million (2012)[4] | |
Total assets | €3.512 billion (end 2010)[4] |
Total equity | €1.575 billion (end 2010)[4] |
Number of employees | 10,224 (2018)[5] |
Website | www.umicore.com |
Umicore N.V., known as Union Minière before 2001,.[6] is a multinational materials technology company headquartered in Brussels, Belgium.
It was formed in 1989 by the
History
Colonial origins
The main thread running through much of Umicore's history is the
After Katanga
The firm suddenly found itself without the vast majority of its business (despite later receiving financial compensation for the physical assets seized by Mobutu's regime)
Operations
Umicore now "generates the majority of its revenues from
Mining, originally the lifeblood of the company, no longer plays a direct part in the business: a minority stake in zinc producer Padaeng Industry, which operates a mine in the north of Thailand, was Umicore's last remaining presence in the sector[22] and was sold in April 2008.[23] Umicore's copper extraction and refining operations were divested in 2005, with its zinc refining operations following in 2007; these now form part of Aurubis and Nyrstar respectively.
Business divisions
The company divides its operations into four divisions: Energy Materials, Recycling, Catalysis, and Performance Materials.
Energy Materials
The Energy Materials division manufactures a range of specialised metal and
Recycling
The Recycling business segment covers four main activities: its core business is the
Battery Recycling is a second business unit, focused on the recycling of spent rechargeable batteries from laptops, mobile phones, and hybrid electric vehicles.[31]
The Recycling segment, based in Hanau, Germany, also encompasses a management unit, which sells precious metals in ingot form to industrial clients and offers access to related financial instruments for hedging purposes.[32]
Catalysis
Umicore's third business segment, its largest in terms of revenue,
Performance Materials
Performance Materials concentrates on the production of specialised items, chiefly from
- Building Products (the production of zinc-based items for the construction industry)
- Electroplating (organized in the daughter company Allgemeine Gold- und Silberscheideanstalt AG)
- Platinum Engineered Materials (platinum for the production of gauzes for fertilizer production and nitrous oxide abatement)
- Technical Materials (including alloys for brazing, metallic contacts for use in electrical engineering, various materials and components from platinum and materials for hermetic sealing and electronic packaging)
- Zinc Chemicals (zinc oxides and powders used for corrosion or ultraviolet radiation protection, such as Zano (ZnO))
It also comprises a 40% shareholding in Element Six Abrasives, a joint venture with De Beers.
Financial information
Year ended | Revenue (€ million) | Earnings before interest and taxes (€m) | Net profit (€m) | Earnings per share (€) |
---|---|---|---|---|
2010 | 2,000 | 324.0 | 248.7 | 2.20 |
2009 | 1,723 | 141.2 | 73.8 | 0.66 |
2008 | 2,124 | 247.7 | 222.5 | 1.06 |
2007 | 1,910 | 334.4 | 225.7 | 1.78 |
2006 | 1,685 | 313.6 | 218.3 | 1.70 |
2005 | 1,725 | 183.7 | 151.5 | 1.19 |
2004 | 1,693 | 269.5 | 174.3 | 1.36 |
2003 | 1,358 | 106.5 | 89.6 | 0.79 |
At 9 February 2011, five institutions had declared holdings of 3% or greater in Umicore: the company itself in
Sponsorship
The company serves as title sponsor of the Agoria Solar Team , the Leuven-based entrant in the 2005, 2007 and 2009 editions of the World Solar Challenge, a solar-powered car race through the Australian Outback.[41] The germanium substrates in the car's solar cells were also provided by Umicore. The team finished in second in the 2007 race.[42]
See also
- Element Six, independently run company jointly owned by Umicore and De Beers
- Nyrstar, company spun off from the zinc and lead smelting assets of Umicore and Zinifex
References
- ^ "Umicore announces Mathias Miedreich to succeed as CEO". 7 June 2021.
- ^ "INM seeking exploratory talks over legal claims following data breach". The Irish Times.
- ^ "Umicore (UMI.BR) stock price, revenue, and financials".
- ^ a b c d e f "KeyFacts Figures". Umicore. Archived from the original on 16 April 2013.
- ^ "Umicore Company Profile".
- ^ "The Name is New but the Commitment Remains", Materials - The Umicore customer magazine (PDF), December 2002. Accessed 1 March 2016.
- ^ "Euronext Brussels BEL 20 - Historical composition". Euronext. Archived from the original on 7 January 2008. Retrieved 31 December 2007.
- ^ "About us: Short history". Umicore. Archived from the original on 30 November 2007. Retrieved 3 November 2007.
- ^ The Gale Group. Retrieved 3 November 2007.
- ^ "Crisis Over Copper". Time. 13 January 1967. Archived from the original on 9 December 2008. Retrieved 4 November 2007.
- ^ Farnsworth, Clyde H. (4 January 1967). "Union Miniere Values Its Assets Seized by Congo at $800-Million". The New York Times. Retrieved 4 November 2007.
- ^ "Congolese to Pay for Seized Assets; Kinshasa Reaches Pact With Union Miniere of Belgium". The New York Times. 26 September 1969. Retrieved 4 November 2007.
- ^ a b Ferdinand, Pamela (1 January 1990). "Societe Generale merges metals units". American Metal Market. Archived from the original on 15 March 2012. Retrieved 8 November 2007.[Link to precise page]
- ^ "Union-Miniere cuts away Acec prefix". American Metal Market. HighBeam Research. 20 May 1992. Archived from the original on 15 March 2012. Retrieved 9 January 2008.
- ^ "Significant improvement of the current profit" (PDF) (Press release). Umicore. 21 March 1996. Retrieved 8 November 2007.
- ^ "Union Miniere names Leysen". American Metal Market. 16 September 1999. Archived from the original on 15 March 2012. Retrieved 9 January 2008.
- ^ a b c "Annual Report 1998" (PDF). Umicore. Retrieved 8 November 2007.
- ^ "Diamant Boart, a subsidiary of Union Minière, to be acquired by Candover" (PDF) (Press release). Umicore. 28 June 1999. Retrieved 8 November 2007.
- ^ Jacquelyn Smith (22 January 2014). "The World's Most Sustainable Companies Of 2014". Forbes.
- ^ "About us". Umicore. Retrieved 11 December 2014.
- ^ "Umicore is awarded the Fray International Sustainability Award in Mexico". www.flogen.org. FLOGEN Star OUTREACH.
- ^ "Umicore human rights guidelines for mining operations" (PDF). Umicore. Archived from the original (PDF) on 25 October 2007. Retrieved 9 November 2007.
- ^ Lawsky, David (4 April 2008). "Umicore sells shareholding in Padaeng". Reuters. Retrieved 28 March 2010.
- ^ a b "About us: Advanced Materials". Umicore. Archived from the original on 2 March 2008. Retrieved 9 November 2007.
- ^ "Advanced Materials Worldwide". Umicore. Archived from the original on 2 September 2007. Retrieved 9 November 2007.
- ^ a b "Precious Metals Refining". Umicore. Archived from the original on 3 December 2007. Retrieved 31 December 2007.
- ^ Morarjee, Rachel (15 October 2007). "Rising wood prices hit Europe's papermakers". Financial Times. Retrieved 31 December 2007.[permanent dead link]
- ^ "Annual Report 2006" (PDF). Umicore. Retrieved 1 November 2007.[permanent dead link]
- ^ "Raw Materials Refining: Industrial By-Products". Umicore. Archived from the original on 9 October 2007. Retrieved 31 December 2007.
- ^ "Umicore Address Book: Precious Metals Refining". Umicore. Archived from the original on 5 November 2007. Retrieved 31 December 2007.
- ^ "Our recycling process". pmr.umicore.com. Archived from the original on 15 May 2017. Retrieved 15 May 2017.
- ^ "Precious Metals Management". Umicore. Retrieved 31 December 2007.
- ^ "Automotive Catalysts". Umicore. Retrieved 8 January 2008.
- ^ Marsh, Peter (16 July 2007). "Umicore discovers the catalyst for growth". Financial Times. Retrieved 27 June 2008.
- AFX News. 6 June 2007. Retrieved 10 April 2008.[dead link]
- ^ "Umicore to acquire Haldor Topsoe's heavy duty diesel and stationary catalyst businesses". 20 June 2017. Retrieved 3 May 2022.
- ^ "Annual Results 2009" (PDF). Umicore. Retrieved 28 March 2010.
- ^ "Annual Report 2007" (PDF). Umicore. Retrieved 1 May 2008.
- ^ "Annual Report 2008" (PDF). Umicore. Retrieved 25 May 2008.
- ^ "Shareholder structure". Umicore. Retrieved 22 April 2011.
- ^ "Umicore Solar Team Blog". Umicore Solar Team. Retrieved 23 May 2009.
- ^ "Dutch solar-powered car, Nuna4, shines in Outback race". The Times. London. 27 October 2007. Retrieved 12 March 2008.
Further reading
- Brion, René; Moreau, Jean-Louis (2006). De la mine à Mars: la genèse d'Umicore. ISBN 90-209-6656-1.
External links
- Media related to Umicore at Wikimedia Commons
- Official website