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Johnson Matthey doubles down on exhausts

The catalytic converter manufacturer sells more of itself in a bid to refocus the business
Johnson Matthey doubles down on exhausts
  • Johnson Matthey announces share buyback programme and sale of its glass unit
  • Impairment from battery materials 'exit' £314m 

Johnson Matthey (JMAT) has confirmed the sale of another division just weeks after shocking investors with the withdrawal from the battery materials sector and full-year profits downgrade. The company, which is largely focused on catalytic converter production through its ‘clean air’ division, said it had agreed to sell its advanced glass unit for £178m.

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