Victrex Announces New Plant for Early 2015 to Substantially Boosts Production Capacity for VICTREX PAEK Polymers

Oct 08 2012

Victrex Polymer Solutions has apprised about its plans to increase production capacity by around 70% for its VICTREX PAEK polymers reflecting confidence in the growth potential for global demand across a wide and growing range of applications in the transport, industrial and electronics sectors. This new capacity will add 2,900 metric tons (MT) of polymer output annually and will come on stream in early 2015. Total annual production of VICTREX PAEK polymers after completion will then stand at more than 7,000 MT per annum, an increase of around 70% on Victrex’s current capacity of 4,250 MT per annum. The increased capacity further reinforces Victrex’s policy of providing exceptional security of supply at a time when many other polymer manufacturers are struggling to meet customer demand. Victrex has a solid track-record of investing in capacity ahead of demand, creating an enviable secure supply position for its existing and new customers especially when market conditions create accelerated demand and growth “In our industry, speed of response is vital to satisfy market demand,” said Roland Reber, Managing Director of Ensinger GmbH. “As our key supplier for PAEK polymers, Victrex has been an important partner in helping us to achieve our customers' needs, on time to exacting requirements. This announcement further reinforces Victrex’s capability to meet these critical aspects.” This new capacity investment follows recently reported sales results for Victrex’s financial year ending 30th September 2012. Sales volumes for the full year ended at 2,904 tons, a new record, which combined with a strong, and vital pipeline of future applications, supports this key investment decision.

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