Zotefoams triumphs at UK Stock Market Awards

Voted Best Chemicals Plc by private investor community, repeating its achievement at 2016 Awards

Zotefoams plc, the Croydon, UK-headquartered manufacturer of cellular materials, has been named Best Chemicals Plc at the UK Stock Market Awards 2018. 

Beating five other category nominees to the title, Zotefoams was named winner on a count of votes cast by private investors. The Awards are recognised as a unique measure of true shareholder value creation, as perceived by this community. Investors vote on a shortlist drawn up by a panel of senior individuals from the world of corporate finance, law, financial services, accounting, public relations and media, which makes its selection on criteria including share price performance, management acumen, decision making and performance relative to the sector.

Gary McGrath, CFO of Zotefoams plc, said, “We are delighted to have been recognised again by the investor community. We have made a great deal of progress in the two years since our last Award, including tremendous support from our own shareholders, most recently demonstrated by the successful completion of a £20m equity raise as part of a funding plan for future growth.”

The equity was raised to fund a new foam manufacturing plant in central Europe, due to come on stream in 2020. It is the third major investment in capacity by Zotefoams in recent years: the Group’s site in Kentucky, USA is benefiting from $42 million investment in infrastructure, extrusion and two high-pressure autoclaves, the first of which has now been commissioned, while in Croydon, UK, work is progressing on a new building to house two low-pressure autoclaves and associated infrastructure, focused primarily on the Group’s High Performance Products, representing an investment of some £12 million.

Zotefoams returned record sales and profits in 2017, with revenue growth of 22% to £70.15m and profit growth before tax and exceptional items of 22%.

Zotefoams plc’s CFO Gary McGrath (centre) accepts the award for Best Chemicals Plc at the UK Stock Market Awards 2018

About Zotefoams:

Zotefoams plc (LSE – ZTF) is a world leader in cellular materials technology. Utilising a variety of unique manufacturing processes, including environmentally friendly nitrogen expansion for lightweight AZOTE® polyolefin and ZOTEK® high-performance foams, Zotefoams sells to diverse markets worldwide. Zotefoams uses its own cellular materials to manufacture T-FIT® advanced insulation for demanding industrial markets. In addition, Zotefoams owns and licenses patented MuCell® microcellular foam technology, developed specifically for extrusion applications, from a base in Massachusetts, USA to customers worldwide.

Zotefoams is headquartered in Croydon, UK, with additional manufacturing sites in Kentucky and Oklahoma, USA (foam products manufacture and conversion), Massachusetts, USA (MuCell Extrusion) and Jiangsu Province, China (T-FIT®).  A third foam manufacturing site in central Europe is planned to begin manufacturing in 2020.

Zotefoams plc is a pioneer in cellular materials with a legacy of innovation that stretches back to 1921. In 2017 Zotefoams (LON:ZTF) returned record sales and profits, with revenue growth of 22% to £70.15m and profit growth before tax and exceptional items of 22%. The Group employs over 400 staff around the world.

www.zotefoams.com

AZOTE®, ZOTEK®, T-FIT® are registered trademarks of Zotefoams plc

MuCell® is a registered trademark of Trexel Inc.

 For more information please contact:

Rosemary Alton, Group Marketing Manger +44 (0)20 8664 1600 [email protected]