Sales up at Victrex
Thornton Clevelys-based Victrex has announced that its half-year sales have grown again.The polymer specialists said that, despite continued global economic challenges, group sales volume for the first half was 1,392 tonnes ahead of last year.
Victrex Polymer Solutions reported second quarter group sales volume of 752 tonnes compared to the first quarter of 640 tonnes, whilst its Invibio Biomaterial Solutions division registered revenues for the first half of £24.2m compared to £25.5m for the same period last year.The company said: "We remain vigilant of the challenges that persist in some of our end markets, however the initial order book for April is robust. The opportunities to drive growth into new markets, applications and geographies remain strong.
"We continue to work with customers and end users on focused application development and our key growth programmes to ensure the potential for our business is realised." Victrex began a £90m expansion of its Fylde coast presence in October last year, which will see its output capability grow by 70% by 2015.