We benefit our customers by enhancing the durability, reliability and performance of their products in healthcare, aerospace & defence, semiconductors and power generation.
Technical Ceramics has demonstrated good resilience over the year, delivering revenue of £341.6 million, a 3.4% increase on an OCC* basis. The business saw strong demand in aerospace & defence markets, driven by demand for new aircraft along with robust maintenance revenue driven by increased fleet utilisation. This growth was partially offset by the impact of semiconductor market dynamics and notably lower sales into healthcare markets driven by customer inventory adjustments.
Technical Ceramics delivered an adjusted operating profit* margin of 11.5% which was broadly in-line with the prior year.
Our Technical Ceramics business also manufactures brazed assemblies to meet customers’ specific requirements. Many of the parts we make are complex, engineered to tight specifications or destined for particularly demanding critical applications. We also offer advanced materials for customers’ own brazing needs, and pre-sintered preforms for reliable repair of critical parts in applications such as aero-engines, gas turbines and high-pressure systems.
Our main markets are specialist applications within the aero-engine, automotive, electronic, semiconductor, industrial and medical sectors. Our core strength is our ability to get to grips with individual customer problems, apply the science and engineer high performance brazing solutions.
We hold leadership positions and several opportunities to expand our market share in high barrier to entry, attractive markets.