Zotefoams
| File:Zotefoams company logo jpg.jpg | |
| Company type | PLC Publilc limited company |
|---|---|
| Industry | Polyolefin foam manufacture |
| Genre | Manufacturer |
| Predecessors | Bakelite Xylonite Ltd, BP Chemicals |
| Founded | Croydon, London (1940s) |
| Fate | Operating |
| Headquarters | London, 675 Mitcham Road Croydon , |
Area served | UK, USA, Japan, Europe, Asia (principal market) |
Key people | Steve Good, Chairman; David Stirling, Group CEO; Gary McGrath, Finance Director[1] |
| Products | Polyolefin foams |
| Revenue | £54.44 million |
| Owner | Shareholders: BlackRock Inc. 14.8%, Schroders plc 13.0%, Sekisui Alveo AG 8.7%, Miton Group plc 5.5%[2] |
Number of employees | A global work force of around 300 as of June 2016[2] |
| Divisions | Zotefoams International Ltd; Zotefoams Inc |
Zotefoams Plc manufactures a range of closed cell cross-linked polyolefin foams for global use in sports, construction, marine, automation, medical equipment and aerospace. The headquarters are based in Croydon London with a USA subsidiary in Kentucky. Nigel Howard is the current Chairman, David Stirling is Managing Director, and Clifford Hurst is Finance Director.
The company was spun off from BP Chemicals in 1992.[3] It began in the 1940s producing block foam.
The company makes the majority of its sales from exports overseas with a number of registered trademarks.[2]
A fire in early 2001 at the factory damaged 70% of Zotefoams' stock and disrupted some deliveries to customers. At this time the company also exited the toy market. In 2001 Zotefoams entered into a worldwide sales and marketing alliance for polyolefin foams with the Sekisui Chemical Company Ltd ('Sekisui'), which acts as agent and distributor for Zotefoams in continental Europe, Asia and some customers in North America.
As of December 2014, of the 305 employees 48 were women.[2]
2015 results
Interim results show:[4]
- Sales: £26.63m
- Profit before tax: £3.19m
- Interim dividend of 1.8p share
These compare with 2013 interim figures (from their 2013 Interim report) of:
- Sales: £47.19m
- Profit before tax: £5.93m
- Gearing under 2%
- Final dividend of 5p share
External links
References
- ^ "Inverstor relations, Board of Directors". ZoteFoams. Retrieved 25 August 2015.
- ^ a b c d "Cellular materials for global markets Zotefoams plc Annual Report 2014" (PDF). Zotefoams. Retrieved 25 August 2015.
- ^ Thinkkentucky.com Summer99 newsletter
- ^ "Interim Results for the Six Months Ended 30 June 2015" (PDF). Zotefoams. Retrieved 25 August 2015.
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