Third PAEK plant cements supply security

Victrex's polyaryletherketone (PAEK) production capacity has increased by 70% to more than 7000 tonnes per year, following the completion of its third manufacturing plant, which involved an investment of £90million.

Alongside PAEK resin, Victrex has also invested in APTIV film, pipe, tape and medical components, a move which the the company says will allow it to supply complete solutions.

David Hummel, Victrex' chief executive, said: "We are continuing to move from being simply a materials manufacturer to a solutions provider. Our investment, not only in PAEK manufacturing, but in downstream capability, in know how in technical excellence and research and development, helps to further differentiate our company.With the third production facility, we are in a position to offer sustained security of supply, which is critical to our customers."

With long term megatrends being supportive across the markets of automotive, aerospace, energy, electronics and medical, the company has focused its production on a smaller number of larger opportunities. These include for example aerospace brackets, applications for mobile devices, orthopaedic knees and oil & gas pipes through its partnership with Magma.

Author
Tom Austin-Morgan

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