Victrex Explained

Victrex
Type:Public
Foundation:1993
Location:Victrex Technology Centre, Hillhouse International, Thornton Cleveleys, Lancashire, FY5 4QD, England, UK
Key People:Larry Pentz

Jakob Óskar Sigurðsson
Industry:Polymers
Revenue: £307.0 million (2023)[1]
Operating Income: £73.2 million (2023)
Net Income: £61.0 million (2023)
Num Employees:1,000 (2024)[2]
Homepage:Victrex.com

Victrex plc is a British-based supplier of high performance polymers. It is a constituent of the FTSE 250. The company's headquarters and manufacturing facilities are based in the UK with technical and customer support facilities in multiple markets, serving more than 40 countries. Victrex serves a diverse range of industries including aerospace, automotive, electronics, oil and gas and medical.

History

The company was established in 1993 by way of a management buyout of the PEEK polymer business of Imperial Chemical Industries plc. It was first listed on the London Stock Exchange in 1995. Based in Cleveleys near Blackpool in Lancashire Victrex has historically invested heavily to increase its capacity, most recently investing £90 million to increase production capacity by around 70%. By 2015 the production capacity of its polymer will be over 7,000 MT per annum (current capacity of 4,250 MT per annum).[3]

Operations

The company is a manufacturer of high-performance polyaryletherketones, including VICTREX PEEK polymer, VICTREX pipes and PEEK-OPTIMA. Its business is organized as two business units:[2]

External links

Notes and References

  1. Web site: Annual Report 2023. Victrex. 13 February 2024.
  2. Web site: About Us - Victrex. Victrex. 13 February 2024.
  3. Web site: Chemistry - innovateuk. innovateuk.org. 3 April 2015.