VICTREX
Acquisition of Mitsui Chemicals stake in Japan jv / Sales tonnages ahead in all markets
Victrex (Thornton Cleveleys / UK; www.victrex.com) has bought the 49% shareholding held by Mitsui Chemicals (Tokyo / Japan; www.mitsui-chem.co.jp) in the Victrex-MC, Inc joint venture for a cash consideration of JPY 531.5m (EUR 3.3m), effective 30 March 2007. The company, which was formed over nine years ago, will now be renamed Victrex Japan, Inc.
In a trading update for the six months to 31 March 2007, Victrex says its sales volume of 1,285 t is some 5% ahead of the second half of last year (1,226 t) and 15% up on the previous first half (1,113 t). Sales have grown in all major markets compared with the same period last year: Europe is 18% ahead, Asia Pacific 14% and the US 12%. Revenues at the Victrex subsidiary Invibio (www.invibio.com) medical implants business for the period are estimated at GBP 9.4m (EUR 13.8m), 20% up on last year´s second half and 24% ahead of the previous six months.
In a trading update for the six months to 31 March 2007, Victrex says its sales volume of 1,285 t is some 5% ahead of the second half of last year (1,226 t) and 15% up on the previous first half (1,113 t). Sales have grown in all major markets compared with the same period last year: Europe is 18% ahead, Asia Pacific 14% and the US 12%. Revenues at the Victrex subsidiary Invibio (www.invibio.com) medical implants business for the period are estimated at GBP 9.4m (EUR 13.8m), 20% up on last year´s second half and 24% ahead of the previous six months.
17.04.2007 Plasteurope.com [207886]
Published on 17.04.2007
German version of this article...