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Lucite International grows profits 22nd fastest in the UK11 Apr 2005 Southampton, UKThe Sunday Times PriceWaterhouseCoopers Profit Track 100 was announced on 10th April and Lucite International was amongst the top companies in the UK for growing profits.By supplying a quarter of the world’s Methyl Methacrylate (the building block for acrylics) it has grown the business to its position as one of the most profitable companies in the UK. It had profits for 2003 of £70.2 million, which was a growth of 79.37 per cent over the three years, 2000 to 2003. This made it the 22nd fastest growing private companies in the UK and 5th in the South East of England. Lucite International is the owner of the Perspex® and Lucite® brands and the global manufacturer of the building block for acrylics used in end products as varied as resins, paints, adhesives, displays, signage, baths, sinks and showers. The ranking it has gained in the national league table of Britain’s one hundred private companies with the fastest-growing profits is a testament to the company’s success in its markets around the world, comments Ian Lambert, CEO of Lucite International. “Since founding in 1999 we have seen a double digit growth each year thanks to our people, our products and our processes. We have nearly 2,000 employees over all our sites serving our customers in over 100 countries. We look forward to continuing our success in innovative product development and manufacture and gaining this accolade many times again in the future.”
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