Q3 trading solid for Victrex
HIGH-tech plastics manufacturer Victrex said it is maintaining sales volumes despite uncertainty in the global economy.
The £220m turnover business, based at Thornton Cleveleys, Lancashire, said trading was solid and in line with expectations in the third quarter.
The group has two divisions: Victrex Polymer Solutions, which focuses on transport, industrial and the electronics market; and Invibio Biomaterials which supplies medical device manufacturers.
The group sold 756 tonnes of plastics in the third quarter, in line with the 754 tonnes in the same period last year.
It said: “Trading in our Invibio Biomaterials business since the half year has been reassuring, with revenue in Q3 ahead of the same period last year.
“Looking forward, initial order patterns in the fourth quarter across both of our business units continue to be in line with our expectations.”
Victrex will release a pre-close trading update on October 8, which will cover the period to September 30.