Slow down in automotive sector takes its toll on polymer specialist

Victrex, which makes world-leading polymers for the car and aerospace industries, said it has seen a weaker start to its 2019 financial year in a trading update ahead of its annual general meeting today. The firm, based in Thornton Cleveleys, in Lancashire, said that, with expected end-market headwinds, tougher comparatives, some de-stocking and adverse currency, overall first quarter revenue of £64.1m was 18% down on the prior year (Q1 2018: £78.7m), with group sales volume of 822 tonnes being 22% down on the prior year (Q1 2018... For the full story register now for free or login below...
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