Umicore NV/SA - Company Profile
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Business Description
Umicore SA (Umicore), also known as Umicore NV, operates in catalysis, energy and surface technologies, and recycling. The company also develops, manufactures, and recycles a range of materials.
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R&D Overview
Umicore’s R&D initiatives focus on clean mobility and recycling. Its key activities include developing advanced technologies in battery materials, automotive catalysts, fuel cell catalysts, thermal imaging lenses, electroplating, and thin film products. Umicore's R&D efforts are also geared towards creating sustainable clean mobility materials and state-of-the-art recycling services. The company has invested EUR258 million in R&D in FY2024, reflecting a decline of 8.2% as compared to the previous year and stood at 1.7% of company's total revenue. Umicore's R&D units include Corporate R&D, Business-Unit-Level R&D, and New Business Incubation (NBI). The Corporate R&D unit is responsible for technological development and connecting the R&D departments in the company's business units. The business-unit-level R&D is responsible for harnessing operational synergies for innovation and tapping into the company's deep R&D expertise. The NBI unit identifies winning technologies at an early stage and develops them into mature businesses over a horizon of 5-15 years. Umicore operates 14 R&D sites across the world. In addition, it has expanded its global R&D footprint with the establishment of its first corporate R&D center in China.
Business Segments
Overview
- Includes Battery Materials business unit. - Develop, manufacture and market of cathode materials (CAM) and its precursors (pCAM) for lithium-ion batteries, as well as the related refining activities of cobalt and nickel chemicals into a separate reporting segment Battery Materials. - Includes the associates Ganzhou Yi Hao Umicore Industries and Jiangmen Chancsun Umicore Industry as well as the joint venture IONWAY.
Performance
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Overview
- Provides automotive catalysts for gasoline and diesel light and heavy-duty diesel applications, including on-road and non-road vehicles. It also offers stationary catalysis for industrial emissions control and produces precious metals-based compounds and catalysts for use in fuel cell applications and in the pharmaceutical and fine chemicals industries. - Includes the operations of Automotive Catalysts, Precious Metals Chemistry, and Fuel Cell & Stationary Catalysts business units.
Performance
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Overview
- Included the corporate activities, shared operational functions, and the company’s Research, Development & Innovation unit. - Also includes Umicore’s minority share in Element Six Abrasives and Ieqsa, which the company disposed in August 2023.
Performance
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Overview
- Treats complex waste streams containing precious and other specialty metals. It can recover 20 of these metals from a wide range of input materials, from industrial residues to end-of-life materials. - Other activities include the production of precious metals-based materials essential for applications as diverse as high-tech glass production and electronics. - Consists of the business units Precious Metals Refining, Jewelry & Industrial Metals, Precious Metals Management, and Battery Recycling Solutions.
Performance
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Performance
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Geographical Segments
Target Markets
South Africa.
Performance
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Target Markets
Australia, China, India, Philippines, Japan, South Korea, Taiwan, Thailand, and the UAE.
Performance
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Target Markets
Austria, Belgium, Denmark, France, Germany, Ireland, Italy, Liechtenstein, Luxembourg, Netherlands, Poland, Portugal, Spain, Russia, Sweden, Switzerland and the UK.
Performance
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Target Markets
Canada, Mexico and the US.
Performance
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Target Markets
Argentina, Brazil and Peru.
Performance
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