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UK manufacturer of cellular material technology Zotefoams has announced a trading update for the first six months of 2014, saying that it expects high single digit percentage volume growth in its Polyolefin business, as well as very strong performance in its High-Performance Products (HPP) business with growth approaching 50% in constant currency.
Revenue from its MuCell Extrusion (MEL) technology licensing business is expected to be at similar levels to the first six months of 2013.
The company said recent technical innovations at MEL have shown promising results in foaming a variety of polymers outside the technology’s core focus on the consumer packaging market. In order to exploit these innovations while maintaining its focus on existing product and markets, the company plans to develop further expertise at its Croydon, UK site.