Continued growth for Victrex

VICTREX, the North West manufacturer of high performance polymers, has reported first half sales growth.

The group, headquartered on the Fylde coast, said sales volume in the six months to the end of March was 1,392 tonnes, up on 1,377 tonnes last year.

This was driven by strong second quarter sales in the polymer solutions division which makes plastics for the transport, industrial and the electronics markets.

Its Invibio biomaterial solutions arm, which produces materials used in joint replacement and medical implants, saw sales slip from £25.5m to £24.2m due to de-stocking by some customers.

In a trading update 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.”