Type Public (LSE: VCT) Founded 1993 Net income £83.5 million (2015) CEO David Hummel (Jul 1993–) | Industry Polymers Operating income Revenue 263.5 million GBP (2015) Number of employees 742 (2015) | |
Key people Larry Pentz
(Chairman)
David Hummel
(Chief Executive) Stock price VCT (LON) 1,899.62 GBX -22.38 (-1.16%)31 Mar, 5:11 PM GMT+1 - Disclaimer Headquarters Lancashire, United Kingdom Profiles | ||
Victrex plc is a British-based supplier of high performance polymer solutions. 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.
Contents
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).
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: