Victrex sees improvement in H2

Thu 08 Oct, 2009 06:51

LONDON (Reuters) - High-tech plastics company Victrex said on Thursday that monthly sales volumes have increased in the second half of the year, but added that it was too early to say if the recovery was sustainable into 2010.

Victrex, whose key PEEK polymer product is used in aircraft components, car parts and surgical instruments, said it expected profit for the full year to be in line with market expectations.

However it said it was too early to judge whether there was now higher sustainable demand for its plastics products which would continue into 2010, or whether customers were replenishing stockpiles which had been left to run down during the recession.

The company's biocompatible polymers unit Invibio, which makes medical products, saw full-year revenue rise 37 percent to about 34.1 million pounds.

(Reporting by Ben Deighton)