Imerys : - Filing of the 2019 Universal Registration Document and update on the impact of the Covid-19 pandemic
March 25, 2020 at 09:50 am EDT
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Imerys filed with the Autorite des Marches Financiers (AMF) on March 24, 2020 its 2019 Universal Registration Document including the annual financial report and the report of the Board of Directors on corporate governance.
The 2019 Universal Registration Document includes additional information concerning the COVID-19 pandemic in chapter 2 'Risk factors and internal control' (page 39) and Chapter 5 'Comments on fiscal year 2019' (paragraph 5.4 - page 160). The Group has established a Crisis Management Team to handle the emergency and has set up a strict monitoring process under the supervision of the Executive Committee. The Group has taken measures to ensure the health and safety of its employees and stakeholders and to contain the negative effects the virus might have on its business. Imerys is a global company and the spread of the coronavirus outbreak is expected to cause a drop in activity, potentially resulting in temporary plant shutdowns due to a decline in demand in certain end markets (automotive, iron & steel, construction), legal containment measures ordered by local authorities and/or supply and logistical difficulties. In this context, Imerys, which can count on a strong balance sheet, is implementing any necessary measure to preserve its profitability, liquidity and overall financial structure.
The 2019 Universal Registration Document is available to the public free of charge under the conditions provided by applicable regulations and may be consulted on the Group's website www.imerys.com. It is also available on the AMF's website (www.amf-france.org). The English version of the 2019 Universal Registration Document will be available within the next few days on the Group's website.
The world leader in mineral-based specialty solutions for industry with EUR4.4 billion in revenue and 16,300 employees in 2019. Imerys delivers high value-added, functional solutions to a great number of sectors, from processing industries to consumer goods. The Group draws on its understanding of applications, technological knowledge and expertise in material science to deliver solutions by beneficiating its mineral resources, synthetic minerals and formulations. Imerys' solutions contribute essential properties to customers' products and their performance, including heat resistance, hardness, conductivity, opacity, durability, purity, lightness, filtration, absorption and water repellency. Imerys is determined to develop responsibly, in particular by fostering the emergence of environmentally-friendly products and processes.
As a world leader in mineral specialties for the industry, Imerys offers high-added-value business solutions for a wide range of sectors, from process industries to consumer goods or construction products. The group actively mobilizes its knowledge of applications, technological expertise and materials science know how to provide high-end solutions that value its mineral resources, develop formulations or produce synthetic minerals. All these actions bring about essential properties to its customers' products and their performance such as refractoriness, toughness, conductivity, opacity, durability, purity, lightness, filtration, absorption, or hydrophobicity. Imerys is strongly committed to responsible developmentin particular, to contribute to the development of environmentally friendly products and processes. The activity is organized around 2 areas:
- Performance Minerals: the segment brings together three geographical business areas - Europe, Middle East and Africa (EMEA), America and Asia/Pacific (APAC). This segment encompasses functional additives that give unique properties to the products they compose. It serves the plastics, rubber, paint and coatings, filtration, ceramic materials, renewable energy, paper and cardboard, food, health and cosmetic industries;
- Materials and High Temperature Solutions: the segment, managed globally, brings together two business areas - High Temperature Solutions and Refractories, Abrasives & Construction. This segment facilitates production processes involving high temperatures. It serves the refractory, foundry, metals, abrasives and building chemicals markets.
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