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Highlights
Elementis at a glance
Chairman's statement
Operating review
Elementis Specialties
Elementis Pigments
Elementis Chromium
Elementis Specialty Rubber
Elementis China
Financial review
Board of directors
Management team
Sustainable development
Shareholder information
Global offices
Report of the directors
Board report on corporate governance
Directors' remuneration report
HomeDirectors' reportAccounts

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Elementis at a glance

Elementis Specialties Pigments

Elementis is a global specialty chemicals company

The Elementis strategy is focused on growth, both through the development of existing businesses and through acquisition.

The Elementis strategy is driven by four key objectives:

  1. The achievement of step change improvement in financial performance.

  2. Securing sector leadership
    in our key markets.

  3. Capturing inter-business synergies to achieve top quartile excellence in all operations and processes.

  4. The expansion of business platforms, in particular in Elementis Specialties.

Elementis Specialties is a leading producer of rheological and surface chemistry additives

Strategy
With its high degree of product differentiation and advanced application technologies, Elementis Specialties is the primary growth focus for Elementis. Organic growth, technology expansion and acquisitions are key drivers for the Specialties strategy.

During 2004, Elementis Specialties successfully acquired and began the integration of Sasol Servo B.V. This acquisition brings with it access to new surface technology chemistry and a European manufacturing centre of excellence for reaction chemistry. The innovation pipeline delivered two new commercialised product technologies. The Specialties innovation programme has significant revenue generation targets during the current and future years.

Elementis Pigments is a world-leading producer of synthetic iron oxides and complementary products

Strategy
Elementis Pigments' objective is to be the world's leading supplier for iron oxide pigments in the premium market sector.

Elementis Pigments' strategy for growth is based on expansion of their highly competitive cost base into the premium European and Asian markets. Commissioning of a new pigments plant at TaiCang, China, began in 2004 and commercial production was initiated in February 2005. Additional capacity has also been added to the existing plant at Shenzhen, China. It is anticipated these developments will deliver an improved cost model for Pigments during 2005.

Results for Elementis Specialties and Elementis Pigments are reported together. £238.2 million
Sales 2004


£15.4 million*
Operating profit 2004

* before goodwill amortisation and exceptionals

     
Chromium Specialty Rubber Global reach

Elementis Chromium is the world's largest producer of chromium chemicals

Strategy

Elementis Chromium's strategic objective is to leverage its global leadership position in the chromium chemicals business. This leadership position is sustained through low cost production, superior quality, the highest environmental standards and global market coverage. Following a period of falling sales prices in the chromium market, Elementis Chromium successfully implemented sales price increases during the course of 2004. By the end of the year prices of all Elementis Chromium products showed significant increases when compared with the industry low of November 2003.

Elementis Specialty Rubber is the leading international manufacturer of wet abrasion resistant rubber products and process equipment, marketed under the Linatex brand name

Strategy

Elementis Specialty Rubber aims to leverage the Linatex brand and their quality market leadership position on a global basis. Expansion of partnerships with original equipment manufacturers and new product introductions has aided Specialty Rubber's geographic expansion into rapidly growing markets. During the course of 2004 Specialty Rubber developed a joint venture in Santiago, Chile, which started trading in January 2005.

The performance potential of Specialty Rubber has been demonstrated and Elementis has begun a process of considering the strategic options for this business.

North America
Amarillo, US Chromium
Belleville, US Specialties
Castle Hayne, US Chromium
Charleston, US Specialties
Colton, US Pigments
Corpus Christi, US Chromium
Dakota City, US Chromium
Easton, US Pigments
East St Louis, US PigmentsHead office
Hightstown, US SpecialtiesHead office
Jersey City, US Specialties
Milwaukee, US Chromium
Newberry Springs, US Specialties
Ontario, CAN Pigments
Sept-Iles, CAN Specialty Rubber
St Louis, US Specialties
   
Africa
Alrode, SA Specialty Rubber
   
Europe
Birtley, UK Pigments
Cologne, GER Specialties
Delden, NL  
Eaglescliffe, UK ChromiumHead office
Livingston, UK Specialties
Market Harborough, UK Pigments
Oosterhout, NL Specialties
Rotterdam, NL Specialty Rubber
Staines, UK Head office
Yateley, UK Specialty Rubber
   
South America
Santiago, CHILE Specialty Rubber
   
Asia Pacific and Australia
Batu Caves, MAL Specialty Rubber
ChangXing, CHI Specialties
Dandenong, AUS Specialty Rubber
Darwin, AUS Specialty Rubber
Hawthorne, AUS Specialty Rubber
Hong Kong, CHI Pigments
Kalgoorlie, AUS Specialty Rubber
Mount Isa, AUS Specialty Rubber
Osaka, JAPAN Specialties
Perth, AUS Specialty Rubber
Selangor, MAL SpecialtiesPigments
Shanghai, CHI SpecialtiesPigmentsChromium
Shenzhen, CHI Pigments
TaiCang, CHI Pigments
Townsville, AUS Specialty Rubber
   
Key  
Specialties Specialties
Pigments Pigments
Chromium Chromium
Specialty Rubber Specialty Rubber
Head office Head office
£110.5 million
Sales 2004


£(3.8) million*
Operating loss 2004

* before goodwill amortisation and exceptionals

£45.9 million
Sales 2004


£0.2 million*
Operating profit 2004

* before goodwill amortisation and exceptionals


 

 

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