Graft Polymer (UK) PLC Operational Update (9731E)
05 7월 2023 - 3:00PM
UK Regulatory
TIDMGPL
RNS Number : 9731E
Graft Polymer (UK) PLC
05 July 2023
Completion and commissioning of key innovative equipment plant
in Slovenia
Strengthening competitive advantage and accelerating growth with
doubling of production capacity
A major step forward against backdrop of healthy pipeline,
strong 2023 outlook and scope to win larger customer mandates
5 July 2023
Graft Polymer, (LON:GPL) the specialty chemicals company
offering modified polymer solutions for refiners, compounders and
processors, is today announcing the completion and commissioning of
a bespoke production equipment site in Slovenia which is due around
the end of July 2023, doubling the company's production
capacity.
The company operates in two dynamic sectors with strong growth
prospects - the global polymer market, set to grow from US$590
billion in 2021 to US$947 billion by 2030 with a CAGR of 5.4% over
this period (source: Prescient & Strategic Intelligence); and
the global drug delivery devices market, set to grow from US$78.09
billion in 2021 to US$124.83 billion by 2029, with a CAGR of 5.6%
over the period (source: DataM market research, November 2022).
The commissioning of the site is an important development for
Graft, as it leverages its IP for bio and pharma applications to
expand the breadth of its product ranges and make the company's
divisions quicker in responding to customer requirements. It is a
key step towards the group realising its growth ambitions centred
around expanding its global footprint, competing with
well-established peers through its specialist approach focused on
innovation and building cashflow generation.
Once operational, the Slovenian plant will effectively double
the company's production capacity and heighten its first mover
advantage as a market leading, pioneering operator in both research
and technology commercialisation within the polymer modification,
biological supplement and drug delivery industry. It marks
significant progress in the company moving towards being able to
satisfy demand for modified polymers for use in creating cutting
edge composite materials on an industrial scale.
The company is targeting accelerating growth using its extensive
commercial pipeline with production output at the Slovenian plant
set to rise to 6,000 tonnes / year. The production process is fully
ESG oriented, utilising high levels of recycled material.
Commenting on the development, Victor Bolduev, CEO, said: "The
commissioning of this pivotal plant is testament to the group's
increasing commercial momentum in a promising market with a
continued strong outlook for this year. I am confident that it will
play a major role in transforming our ability to win larger
customer mandates and strengthen competitive positioning within the
speciality chemicals sector, centred on our excellent innovation
and specialist production capabilities. Our enlarged scale will
also drive greater cashflow generation to the benefit of
shareholders".
ENDS
For further information, visit www.graftpolymer.com ,follow on
Twitter @PolymerLtd or contact:
Graft Polymer (UK) Plc
Roby Zomer, Non Executive Chairman Via Flagstaff
Yifat Steur, CFO and Executive Chairman
Turner Pope Investments Tel:+44 (0) 20 3657 0050
James Pope
Andy Thaker
Flagstaff Strategic and Investor Communications Tel + 44 (0) 207 129 1474
Tim Thompson
Mark Edwards
Alison Allfrey
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END
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