Elementis plc - Company Profile
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Business Description
Elementis plc (Elementis) is a specialty chemicals company that primarily supplies chemicals to a range of industries including cosmetics, antiperspirants, industrial and architectural coatings, adhesives and sealants, and long-life plastics.
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R&D Overview
Elementis has been actively involved in R&D initiatives to enhance its global customer service and supply chain resilience. The company is investing in AI-driven automation and upgrading data processes to achieve efficiency savings. Elementis has established a new R&D support center in Porto, Portugal, which will be completed in 2025. The company focuses on innovation and product development, leveraging capabilities in rheology, surface chemistry, and formulation to create solutions that improve product performance, efficiency, and sustainability. As of December 2024, Elementis introduced 22 new products and had 30 innovation projects in development. The R&D unit of Elementis is responsible for the company's innovation and product development, focusing on delivering products that address customer needs. The unit works in partnership with customers, providing technical support and collaboration to develop innovative products. Elementis has seven R&D centers globally and eight open innovation partnerships with universities and research institutes. As of December 2024, Elementis had 17 manufacturing plants across four continents. In FY2024, the company spent US$9.6 million on R&D, which as a percentage of revenue, stood at 1% and increased 23.1% YoY.
Business Segments
Overview
It offers rheology modifiers and complementary specialty additives to manufacturers of industrial coatings, decorative paints, additives for oil and gas drilling and stimulation fluids, adhesives, and sealants. It includes the operation of sub-segments of coatings and talc. Coatings include the production of rheological modifiers and additives for decorative and industrial coatings. Talc includes the production and supply of talc for use in plastics, coatings, technical ceramics, and the paper sectors. The segment's medium-term strategy focuses on high-value applications across selected market segments, with an estimated market size of U$800 million, with a CAGR of approximately 4%. Under the coatings sub-segment it will focus on three differentiated, technology-led growth platforms.
Performance
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Overview
Includes the production of rheological modifiers and compounded products, including active ingredients used in AP deodorants. Products include clay-based rheology modifiers; emulsifiers; antiperspirants; botanical emollients; cationic surfactants; natural binders; conditioning additives; bio-functional active ingredients; rheological additives; antacid compounds; natural clay-based thickeners; defoaming ingredients; wax additives; surface additives; excipients; and rheological additives. Its products find applications in personal care, home care, industrial cleaning, agriculture, and pharmaceutical industries. Operates production facilities in North and South America, Europe, and the Asia Pacific. The segment's strategy is focused on three core market segments color cosmetics, skin care, and antiperspirants. Under the color segment, the company is focused on introducing new products, which further strengthen the segment's leading position in color cosmetics and support further growth. It will also focus on innovation related to natural rheology with more sophisticated products under the skincare segment. It will also create products that offer attractive new functionalities. Under the Antiperspirants segment, it will focus on new products.
Performance
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Geographical Segments
Performance
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Target Markets
The Netherlands, Germany, and Finland.
Performance
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Target Markets
Taiwan, China, and India.
Performance
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Performance
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