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IMI plc

#2485

Rank

$6.06B

Marketcap

GB United Kingdom

Country

IMI plc
Leadership team

Mr. Roy M. Twite (CEO & Director)

Mr. Daniel J. Shook (Group Fin. Director & Director)

Mr. Luke Grant (Head of Investor Relations)

Products/ Services
Energy, Innovation Management, Manufacturing, Oil and Gas
Number of Employees
1,000 - 20,000
Headquarters
Birmingham, Birmingham, United Kingdom
Established
1862
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
IMI.L
Social Media
Overview
Location
Summary
IMI plc, a specialist engineering company, designs, manufactures, and services engineered products worldwide. The company operates through three divisions: IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering. The IMI Precision Engineering division develops motion and fluid control technologies for industrial automation, commercial vehicle, life sciences, energy, and rail applications. This division offers actuators, air preparation products, pressure switches, and fittings; pneumatic, hydraulic, electric, and vacuum motion solutions; solenoid valves, angle-seat valves, motorized valves, and systems for dust filters; miniature fluid control solutions; precise and accurate syringes, syringe pumps, and rotary valves; cab chassis, powertrain solutions, stainless steel valves and regulators, and emergency shutdown controls; and stainless steel valves and regulators, nuclear class valves, and emergency shutdown controls. It provides its products under the Norgren, Bimba, Buschjost, FAS, Herion, Kloehn, Adaptas, and Maxseal brands. The IMI Critical Engineering division offers specialized valves and actuators to the fossil power, oil and gas, petrochemical, nuclear, marine, and pharmaceutical markets under the IMI Bopp & Reuther, IMI CCI, IMI Fluid Kinetics, IMI NH, IMI Orton, IMI Remosa, IMI STI, IMI TH Jansen, IMI Thompson Valves, IMI Truflo Marine, IMI Truflo Rona, IMI PBM, and IMI Z&J brands. The IMI Hydronic Engineering division provides products for hydronic distribution systems, which deliver heating and cooling systems to the residential and commercial building sectors. This segment offers balancing and control solutions, thermostatic control systems, and pressure maintenance systems, dirt and air separators, and pressure step degassers under the IMI Pneumatex, IMI TA, IMI Flow Design, IMI Heimeier, and IMI Aero-Dynamiek brands. The company was founded in 1862 and is headquartered in Birmingham, the United Kingdom.
History

The company was founded by Scottish entrepreneur George Kynoch who opened a percussion cap factory in Witton, West Midlands in 1862, trading as Kynoch. The business soon diversified, manufacturing goods ranging from soap and bicycle components to non-ferrous metals, but by the early 20th century it had developed particular expertise in metallurgy. After World War I it merged with Nobel Industries. In 1926 the company acquired Eley Brothers, an ammunition business. The company, by then known as Nobel Explosives, was one of the four businesses that merged in 1927 to create Imperial Chemical Industries. The Witton site became the head office of ICI Metals. During the Second World War the Witton site was used for the development and production of uranium for the Tube Alloys project.In the 1950s the company's researchers perfected the process for producing titanium on a commercial basis. In 1958 ICI Metals bought 50% of Yorkshire Imperial Metals: it acquired the other 50% four years later.The name Imperial Metal Industries Limited was adopted on the 100th anniversary of the firm in 1962. The company was listed on the London Stock Exchange in 1966. Initially ICI retained a majority holding, but in 1978 IMI became fully independent. In the 1990s the Company disposed of its more basic businesses such as metal smelting and metal founding.In 2003, IMI moved from the Witton site to new headquarters close to Birmingham Airport.The company announced in October 2013 that a decade-long programme of transformation had been completed with the disposal of two non-core subsidiaries to Berkshire Hathaway for £690m. The disposal of the Cornelius Group, a beverage-dispensing machine business, together with the disposal of a marketing intelligence business, would enable the company to focus on its control valve making business.In November 2022, it was announced IMI had acquired the Blackburn-based smart thermostatic control manufacturer, Heatmiser, for £110 million.

Mission
Our mission is to provide innovative engineering solutions that make our customers businesses more successful.
Vision
Our vision is to be the global leader in engineering solutions and services, delivering quality, value and reliability to our customers.
Key Team

Ms. Louise Waldek (Group Gen. Counsel & Company Sec.)

Ms. Liz Rose (Group HR Director)

Mr. Jackie Hu (Divisional Managing Director of IMI Critical Engineering)

Mr. Phil Clifton (Divisional Managing Director of IMI Hydronic Engineering)

Ms. Beth Ferreira (Divisional Managing Director of IMI Precision Engineering)

Mr. Giuseppe Buscemi (Pres of Europe Oil & Gas & Power)

Mr. Wayne Prokop (Pres of Americas)

Recognition and Awards
IMI plc has won numerous awards, including the Water Industry Awards, the Energy Awards, and the Industrial Automation Awards. In 2017, IMI plc was named ‘Most Innovative Engineering Business of the Year’ by Engineering News.
References
IMI plc
Leadership team

Mr. Roy M. Twite (CEO & Director)

Mr. Daniel J. Shook (Group Fin. Director & Director)

Mr. Luke Grant (Head of Investor Relations)

Products/ Services
Energy, Innovation Management, Manufacturing, Oil and Gas
Number of Employees
1,000 - 20,000
Headquarters
Birmingham, Birmingham, United Kingdom
Established
1862
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
IMI.L
Social Media