Thursday 17 January 2019

Victrex’ new PAEK plant

Victrex commissions new $138m PAEK manufacturing plant


Victrex, a leader in high performance polymer solutions, has commissioned the first production stream of its £90 million ($138.4 million) third Polyaryletherketone (PAEK) manufacturing plant as it focuses on offering even greater security of supply to customers, as well as delivering complete solutions.

The capacity increase is also a further foundation to progress Victrex’s pipeline of future opportunities, including seven mega programmes, which will help grow the company over the coming years, said a statement.

Recent investments have increased Victrex´s production capacity by 70 per cent to over 7,000 tonnes per year.

Alongside its PAEK resin capacity, the 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 PAEK plant will serve 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 and 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. 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.

“Already today we are able to fill gaps in the market by delivering semi-finished and finished components such as APTIV films or medical applications. 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.”

The new facility for the manufacture of PAEK went into operation in the north-west of the UK during April.

Over 1,000 tonnes of structural steel, more than 2,250 cu me of concrete and almost almost 30,000 m of piping were used in the plant’s construction. - TradeArabia News Service

Tags: manufacturing | plant | polymer | Victrex | PAEK |

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