W. R. Grace & Co Overview
Company Headquarters: Maryland, United States
Founded: 1854
Workforce: ~4,600
Company Working: W. R. Grace & Co. is a global leading company in the specialty chemicals and materials market. It is engaged in producing and selling specialty chemicals and materials across the globe. It operates through business segments, namely catalysts technologies and materials technologies. The materials technologies segment offers products and services, viz. chemical process, coatings, consumer/pharmaceuticals, and others. Zeolites are offered under catalysts technologies products and services. The company offers zeolites for diverse industries, including pharmaceuticals, healthcare, personal care, and consumer electronics. It has a strong presence in Europe followed by North America and Asia-Pacific region. Also, the company has 22 manufacturing facilities in 8 countries, 13 R&D and technical service facilities in 7 countries, operations in 30 countries, and a customer base of more than 60 countries.
Strategy
W. R. Grace & Co. is operating extensively to protect the environment in the best possible way—strategy alliances with leading raw material producers to expand and boost production. The company’s strategy is to increase the profitability of the specialty chemicals & specialty materials businesses and achieve a high level of performance efficiency and financial growth. The company targets the sale of desiccants in the oil & gas sector in the coming years. Also, its focus is on increasing the net sales from $2 billion in 2021 to $3 billion due to an increase in demand for cleaner fuels, rising living standards, and growing environmental concerns.
