Zotefoams
| Type | PLC Public limited company |
|---|---|
| Industry | Technical foam manufacture |
| Genre | Manufacturer |
| Predecessors | Onazote Ltd, Expanded Rubber Company Ltd, Bakelite Xylonite Ltd, BP Chemicals |
| Founded | London (1921) |
| Fate | Operating |
| Headquarters | London, England |
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, PVDF foams, nylon foams, TPE foams |
| Revenue | £82.7 million [2] |
| Owner | Shareholders: BlackRock Inc. 14.8%, Schroders plc 13.0%, Sekisui Alveo AG 8.7%, Miton Group plc 5.5%[3] |
Number of employees | A global work force of around 470 as of December 2020[3] |
| Divisions | Zotefoams International Ltd; Zotefoams Inc; Zotefoams Poland SP z.o.o, MuCell Extrusion LLC; T-FIT Insulation Solutions India Private Ltd; Zotefoams T-FIT Material (Kunshan) Co Ltd; AZOTE Asia Ltd |
Zotefoams Plc manufactures a range of closed cell crosslinked foams from polyolefins and engineering polymers for global use in sports, construction, marine, automation, medical equipment and aerospace. The headquarters are in Croydon, London, with additional foam manufacturing plants in Kentucky, USA and Brzeg, Poland. Steve Good is the current chairman, David Stirling is managing director, and Gary McGrath is finance director.
The company was spun off from BP Chemicals in 1992.[4] It began in the 1920s producing block foam.
The company makes the majority of its sales from exports overseas with a number of registered trademarks.[3]
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. The same year, Zotefoams entered 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.
2020 results[]
Full year results show:[5]
- Sales: £82.7m
- Profit before tax: £8.3m
- Total dividend for the year 6.30p share
These compare with 2019 full year figures of:
- Sales: £80.9m
- Profit before tax: £9.8m
- Total dividend for the year 2.03p
References[]
- ^ "Inverstor relations, Board of Directors". ZoteFoams. Retrieved 25 August 2015.
- ^ https://www.zotefoams.com/wp-content/uploads/2021/04/Zotefoams_plc_Annual_Report_2020.pdf
- ^ a b c "Cellular materials for global markets Zotefoams plc Annual Report 2020" (PDF). Zotefoams. Retrieved 1 February 2022.
- ^ Thinkkentucky.com Summer99 newsletter
- ^ "Interim Results for the Six Months Ended 30 June 2015" (PDF). Zotefoams. Retrieved 25 August 2015.
External links[]
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- London Borough of Croydon
- Manufacturing companies based in London
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