Victrex Increases PAEK Capacity
Victrex has successfully commissioned the first production stream of its £90 million third Polyaryletherketone (PAEK) manufacturing plant in Thornton Cleveleys, UK. Recent investments increase Victrex´s production capacity by 70 % to over 7,000 tonnes per year. Alongside its PAEK resin capacity, the worldwide leading PAEK producer has also continued its downstream investment in APTIV film, pipe, tape and now medical components, enabling the company to differentiate from competitors by supplying complete solutions to customers rather than simply manufacturing materials.
The new facility for the manufacture of PAEK went into operation in the north-west of the UK during April.It serves as the backbone to develop core growth and future opportunities. With long term megatrends being supportive across Victrex’s markets of automotive, aerospace, energy, electronics and medical, the company has focused its pipeline 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. Victrex recently identified the overall market potential for the high-performing thermoplastic PAEK as being over 80,000 tonnes.
David Hummel, Chief Executive of Victrex, said: “We are continuing to move from being simply a materials manufacturer to a solutions provider. With the third production facility we are in a position to offer sustained security of supply, which is, along with rigorous quality, critical to our customers.”
Victrex Europa GmbH
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