Victrex scores UK government funding for PAEK innovation center

02/27/2015

While competition appears to be heating up in the PEEK (polyether etherketone) sector with the recent announcement of Solvay (Alpharetta, GA) that it is building a plant in North America, polyaryletherketone (PAEK) polymer supplier Victrex plc (Thornton-Cleveleys, UK) has received a boost in the form of a $2 million in grant funding from the UK government's Regional Growth Fund to assist it in construction of a Polymer Innovation Center in northern England.

"Victrex is continuing to invest in cutting-edge technological leadership in advanced polymers," commented Dr John Grasmeder, Technical Director at Victrex. "Improved application performance at the same or reduced cost is a common objective that we're helping our customers to address across industries. The aircraft industry, for example, is now embracing newly-developed technology for major cost and weight savings combined with accelerated assembly times. That's just one example among hundreds."
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