I.C.I.
.svg) |
|
| Industry | Chemicals |
|---|---|
| Fate | Acquired by AkzoNobel |
| Founded | 1926 |
| Defunct | 2008 |
| Headquarters | London, England, UK |
|
Key people
|
Alfred Mond (first CEO) Sir Paul Chambers Sir John Harvey-Jones |
| Products | Paints & speciality chemicals |
| Revenue | £4.85 billion (2006) |
| £502 million (2006) | |
| £295 million (2006) | |
|
Number of employees
|
29,130 (2006) |
| Website | www |
Imperial Chemical Industries (ICI) was a British chemical company and was, for much of its history, the largest manufacturer in Britain. It was formed by the merger of leading British chemical companies in 1926. Its headquarters were at Millbank in London, and it was a constituent of the FT 30 and later the FTSE 100 Indexes.
ICI made paints and speciality products, including food ingredients, speciality polymers, electronic materials, fragrances and flavourings. It was acquired by AkzoNobel in 2008, who immediately sold parts of ICI to Henkel, and integrated ICI's remaining operations within its existing organisation.
The company was founded in December 1926 from the merger of four companies: Brunner Mond, Nobel Explosives, the United Alkali Company, and British Dyestuffs Corporation. It established its head office at Millbank in London in 1928. Competing with DuPont and IG Farben, the new company produced chemicals, explosives, fertilisers, insecticides, dyestuffs, non-ferrous metals, and paints. In its first year turnover was £27 million.
In the 1920s and 30s, the company played a key role in the development of new chemical products, including the dyestuff phthalocyanine (1929), the acrylic plastic Perspex (1932),Dulux paints (1932, co-developed with DuPont),polyethylene (1937), and polyethylene terephthalate fibre known as Terylene (1941). In 1940, ICI started British Nylon Spinners as a joint venture with Courtaulds.
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