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Plastics maker Victrex hit by higher costs

Sales grow but cost inflation leads to profit squeeze
May 9, 2022
  • Average selling prices rose by £3 to £71 per kg
  • Pound's fall leads to £3mn hit to pre-tax profit

High-performance plastics maker Victrex (VCT) went into its 2022 financial year with a fair amount on its plate in terms of costs. It was planning to increase capital expenditure and research spending at the same time as battling higher energy and raw materials prices.

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