Annual Report 2023

Synthomer plc annual report and accounts for the year to 31 December 2023, as published in March 2024.

Download the full Annual Report 2023

The story of our year

Leadership statements

Chair's statement

"In a year of exceptional challenges for our industry, we strengthened the balance sheet significantly through cost, cash and divestment measures and the support of our shareholders. We are also creating a platform for growth. Our business is now simpler, more specialised and more geographically balanced than ever before."

CAROLINE JOHNSTONE Read Caroline’s statement

Chief Executive Officer's review

"Despite a challenging year, we have taken decisive actions to position the business well for the future."

Michael Willome Read Michael’s review

Who we are

We are a leading supplier of high-performance, highly specialised polymers and ingredients. Our business is built around three divisions, serving customers in attractive end markets where demand is driven by global megatrends including urbanisation, demographic change, climate change and sustainability, and shifting economic power.

Coatings & Construction Solutions

Our specialist polymers enhance the sustainability and performance of a wide range of coatings and construction products. We serve customers in applications including architectural and masonry coatings, mortar modification, waterproofing and flooring, fibre bonding, and energy solutions.

Adhesive Solutions

Our products help our customers bond, modify and compatibilise surfaces and components for applications including tapes and labels, packaging, hygiene, tyres and plastic modification, improving permeability, strength, elasticity, damping, dispersion and grip.

Health & Protection and Performance Materials

We are a world-leading supplier of water-based polymers for medical gloves, and a major European manufacturer of high-performance binders, foams and other products serving customers in a range of end markets.

Our business model and strategy

We are focused on becoming a speciality solutions platform for the coatings and construction, adhesives, and health and protection market segments. As a more focused, stronger speciality chemicals business, we will be better able to fulfill our purpose: creating innovative and sustainable solutions for the benefit of customers and society.

Read about our business model and strategy

Innovation and sustainability

Innovation and sustainability support every pillar of Synthomer’s strategy and are key to value creation in the long term. Read more in the Annual Report and on our website.

Sustainability in focus

Innovation in focus

Our vision 2030 progress

Sustainability insights