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Annual report 2017

Annual report 2017

Supplements

Our progress

Our Horizon 2020 strategy aims at Umicore being a clear leader in clean mobility materials and recycling, doubling the earnings of the company while rebalancing the contribution from the three segments, and turning our leadership in sustainability into a greater competitive edge.

CEO & Chairman’s review

“Umicore set a record performance in 2017 reaching the value creation level that we set ourselves as a long-term goal and bringing more balance to our portfolio of activities.”
Marc Grynberg - CEO & Thomas Leysen - Chairman

In 2017, we made significant strides towards the ambitious targets that we had set ourselves as part of the Horizon 2020 strategy. We accelerated growth investments in rechargeable battery materials, simplified the portfolio of activities and made further progress in terms of environmental performance and sustainable supply. All of that while achieving record results.

CEO & Chairman's review

Horizon 2020 progress

Our progress is measured against the Horizon 2020 strategic plan which we launched in 2015, aiming to make Umicore a clear leader in clean mobility materials and recycling, while doubling company earnings, balancing the contribution from the three business groups, and turning our leadership in sustainability into a greater competitive edge -- and we are making clear progress in most areas.

Horizon 2020
Eco-efficiency

Environment as a catalyst for improvement

We systematically review processes and behavior in Hoboken, but we were surprised by increased levels of lead in blood of a small number of children when we renovated our lead refinery roof. We immediately mobilized the entire factory to identify improvement opportunities and average concentration of lead in fine dust (PM10) has once again decreased to acceptable levels. We are working hard toward further improvements with our research department and external consultants.

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Great place to work

Improving gender diversity in senior management

The bottom-up initiative ‘Focus on Women’ was started by six female managers. Combined with our Coaching Circles – coaching, training, mentoring, and networking for female leadership – it seeks to increase awareness about the huge pool of female talent and to inspire female colleagues. Gender diversity is a win-win for Umicore.

Economic Performance

Powering towards a future in electric Vehicles

Battery technology will need to evolve to do more with less: more power density and longer range with less weight and material. Umicore is exploring iterative improvements to NMC technology and the use of high-density composite anodes.

Value chain and society

Smooth integration of Haldor Topsoe’s DeNOx technology

Our acquisition of Haldor Topsoe’s heavy-duty diesel (HDD) and stationary catalyst businesses of the Danish company further enhanced Umicore’s leadership in products for clean mobility and clean air. The acquisition and integration processes demonstrated a very strong fit between the organizations as both businesses are technology-driven with a strong focus on sustainability and operational excellence.

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