1. Homepage
  2. Equities
  3. Belgium
  4. Euronext Bruxelles
  5. Umicore
  6. News
  7. Summary
    UMI   BE0974320526

UMICORE

(UMI)
  Report
Real-time Euronext Bruxelles  -  11:35 2022-07-01 am EDT
32.19 EUR   -3.39%
06/29Umicore - Disposal of own shares
AQ
06/29UMICORE : Share buyback
CO
06/28Umicore - Transparency notification by Norges Bank
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Umicore's new global R&D center strengthens its position as a battery technology leader

05/10/2022 | 04:30am EDT

Umicore’s new global R&D center strengthens its position as a battery technology leader

Umicore today inaugurated its new global R&D center for cathode materials in Cheonan, Korea. The new center marks another important step as Umicore’s rechargeable battery materials activity prepares for further growth and is strengthening its long-term top-notch technology position.[*]


The new center went into full operation early April and gives its customers access to the highest quality R&D services with industry-leading efficiency in order to meet the constantly evolving cathode requirements for automotive, energy storage system (ESS) and portable electronics applications. Product research will continue to focus on next-generation battery materials, including very high-nickel NMC, low cobalt NMC, manganese-rich chemistries as well as solid-state battery materials technology. The center also houses a new large battery cell laboratory with extensive testing capabilities.

The 30,000 m2 building complex with top-grade equipment is situated next to Umicore’s existing R&D center and cathode materials production plants in Cheonan and can accommodate future growth of the R&D activities. Umicore currently employs more than 160 engineers and scientists in the center and employment is expected to grow close to 300 people in 2024.

Ralph Kiessling, Executive Vice-President Energy & Surface Technologies, comments: “Umicore’s new R&D center in Korea builds on our leadership in technology and provides even faster and more efficient product research. This will enable us to continue to develop cathode materials that exceed customer expectations in terms of quality, reliability, safety and innovation. Thanks to our teams’ in-depth battery chemistry knowledge, we can support the accelerating move towards cleaner mobility worldwide.”


For more information

                                                                         

Investor Relations

Eva Behaeghe                                  +32 2 227 70 68                                                           eva.behaeghe@umicore.com 

Adrien Raicher                                  +32 2 227 70 68                                                           adrien.raicher@umicore.com

Media Relations 

Marjolein Scheers                                             +32 2 227 71 47                                    marjolein.scheers@umicore.com 

Caroline Jacobs                                                 +32 2 227 71 47                                           caroline.jacobs@umicore.com

Umicore profile

Umicore is a global materials technology and recycling group. It focuses on application areas where its expertise in materials science, chemistry and metallurgy makes a real difference. Its activities are organised in three business groups: Catalysis, Energy & Surface Technologies and Recycling. Each business group is divided into market-focused business units offering materials and solutions that are at the cutting edge of new technological developments and essential to everyday life.

Umicore generates the majority of its revenues and dedicates most of its R&D efforts to clean mobility materials and recycling. Umicore’s overriding goal of sustainable value creation is based on an ambition to develop, produce and recycle materials in a way that fulfils its mission: materials for a better life.

Umicore’s industrial and commercial operations as well as R&D activities are located across the world to best serve its global customer base. The Group generated revenues (excluding metal) of € 4.0 billion (turnover of € 24.1 billion) and employed 11,050 people in 2021.

<hr />



[*] In order to pursue its battery process and product technology leadership, Umicore currently operates R&D centers for battery materials in Cheonan (Korea), Olen (Belgium) and Kokkola (Finland).  


Attachment

  • R&D Center

© OMX, source GlobeNewswire - EU Press Releases

All news about UMICORE
06/29Umicore - Disposal of own shares
AQ
06/29UMICORE : Share buyback
CO
06/28Umicore - Transparency notification by Norges Bank
AQ
06/28UMICORE : Crossing thresholds
CO
06/27Umicore - Riding to the top together
AQ
06/24UMICORE : Riding to the top together
PU
06/23Umicore launches 'Umicore 2030 - RISE', its new strategic plan designed to accelerate v..
AQ
06/22UMICORE : Closing remarks
PU
06/22GLOBAL MARKETS LIVE : Novartis, Oracle, Lindt, Daimler, Boeing...
06/22UMICORE : Mobility transformation – Capture profitable growth in circular battery va..
PU
More news
Analyst Recommendations on UMICORE
More recommendations
Financials
Sales 2022 4 125 M 4 290 M 4 290 M
Net income 2022 556 M 579 M 579 M
Net Debt 2022 1 236 M 1 286 M 1 286 M
P/E ratio 2022 14,2x
Yield 2022 2,51%
Capitalization 7 728 M 8 038 M 8 038 M
EV / Sales 2022 2,17x
EV / Sales 2023 2,12x
Nbr of Employees 11 050
Free-Float 81,9%
Chart UMICORE
Duration : Period :
Umicore Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends UMICORE
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Last Close Price 32,19 €
Average target price 37,83 €
Spread / Average Target 17,5%
EPS Revisions
Managers and Directors
Mathias Miedreich Chief Executive Officer
Filip Platteeuw Chief Financial Officer
Thomas Leysen Chief Executive Officer
Ann Steegen Chief Technology Officer
Patrick Vermeulen Senior Vice President-Information Systems
Sector and Competitors
1st jan.Capi. (M$)
UMICORE-9.96%8 038
ECOLAB INC.-32.79%45 039
SIKA AG-41.98%35 221
GIVAUDAN SA-29.30%32 451
HOSHINE SILICON INDUSTRY CO., LTD.-7.51%19 566
EMS-CHEMIE HOLDING AG-29.87%17 395