Technical Ceramics designs and manufactures advanced technical ceramics components from a portfolio of cutting-edge materials to address customer-specific technical challenges. Our products are designed to withstand demanding environments and we offer a wide range of advanced ceramic and glass materials, together with in-depth materials expertise and vast applications experience in a broad range of markets.
Technical Ceramics reported revenue of £337.3 million in 2024, representing an increase of 1.3% compared with £333.1 million in 2023. On an organic constant-currency* basis, year-on-year revenue increased by 3.7%. Revenue growth was driven by Clean Energy and Healthcare in our faster growing markets, and Defence and Conventional Energy in the core, partially offset by weakness in global Industrial markets. Technical Ceramics delivered operating profit of £37.9 million (2023: £42.5 million), with a 160 bps decrease in operating margin of 11.2% (2023: 12.8%) with the prior year result benefiting from a £7.6 million credit relating to non-cash items, largely comprising a £5.7 million non-cash credit arising from a reversal of fixed asset impairments and a net £1.9 million provision release. Adjusted operating profit* was £39.2 million (2023:36.0 million) with an adjusted operating profit margin* of 11.6% (2023: 10.8%).
Morgan's Technical Ceramics business also recently established a dedicated Chemical Vapour Deposition – Silicon Carbide (CVD-SiC) manufacturing site in in Daegu, South Korea. The facility will enable Morgan to meet local and global demand for CVD-SiC materials, with a specific focus on supporting the growth of the semiconductor manufacturing industry.
To talk to us about use of these products in your application, contact us today.
Our Technical Ceramics business also manufactures brazed assemblies to meet customers’ specific requirements. Many of the parts we make are complex, engineered to tight specifications or destined for particularly demanding critical applications. We also offer advanced materials for customers’ own brazing needs, and pre-sintered preforms for reliable repair of critical parts in applications such as aero-engines, gas turbines and high-pressure systems.
Our main markets are specialist applications within the aero-engine, automotive, electronic, semiconductor, industrial and medical sectors. Our core strength is our ability to get to grips with individual customer problems, apply the science and engineer high performance brazing solutions.
Our product range includes:
To talk to us about use of these products in your application, contact us today.