At the recent Capital Markets Day, JMAT announced an up to £200m initial investment in battery material technology in order to build capacity starting in mid 2018. Furthermore, the company announced an additional £50m of savings, mainly from procurement, over a three-year period starting in 2018/19, on top of the £25m savings announced earlier this year.
26 Sep 2017
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Johnson Matthey Plc (JMAT:LON) | 1,764 35.3 0.1% | Mkt Cap: 3,237m
- Published:
26 Sep 2017 -
Author:
Martin Schnee -
Pages:
3
At the recent Capital Markets Day, JMAT announced an up to £200m initial investment in battery material technology in order to build capacity starting in mid 2018. Furthermore, the company announced an additional £50m of savings, mainly from procurement, over a three-year period starting in 2018/19, on top of the £25m savings announced earlier this year.