Victrex PLC
11 February 2003
11 February 2003
Victrex plc
AGM Statement
At the Annual General Meeting of Victrex plc to be held today, Chairman Peter
Warry will make the following statement:
'The increased sales levels noted in our preliminary announcement have been
sustained. If current rates continued, we would achieve sales volume for the six
months to 31 March 2003 of around 700 tonnes, compared with 557 and 648 tonnes,
respectively, for the first and second halves of last year.
While the current economic climate is uncertain, we remain confident in the
underlying robustness and growth potential of our business. Accordingly, we are
increasing investment in sales and marketing and product research and
development. Particular areas of focus are Asia-Pacific, where we see
significant growth potential, increased globalisation of our sales channels and
faster development of new products and applications.'
The Company's interim trading update for the six months to 31 March 2003 will be
issued on Wednesday 2 April 2003.
- Ends -
For further information please contact:
Victrex plc
David Hummel, Chief Executive 0207 357 9477 (11 February 2003)
Michael Peacock, Finance Director 01253 897700 (thereafter)
Hogarth Partnership Limited
Nick Denton / Tom Leatherbarrow 0207 357 9477
Victrex plc is an innovative, world-leading, high performance materials group.
It has manufacturing plants and research facilities in the UK, and sales and
distribution centres serving over 30 countries worldwide. It is the sole
manufacturer of PEEKTM polymer.
PEEKTM polymer is a high performance thermoplastic with a unique combination of
properties, which include exceptional chemical, wear, electrical and temperature
resistance, as well as dimensional stability and numerous processing
capabilities. These properties enable engineers to produce cost-effective
designs for critical applications in such diverse markets as the industrial,
automotive, electronics, aerospace, medical and food sectors.
This information is provided by RNS
The company news service from the London Stock Exchange
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