Chief Executive’s Statement
We are pleased to update that the Group continues to deliver a solid performance with growth in the majority of sectors in which we operate.
We are focused on our two key growth drivers within the heat transfer and thermal fluid market:
Our aim is to maximise business opportunities from our existing portfolio – the Globaltherm® range – and our more recently launched brand Thermocare® – through a clear focus and a strong brand proposition in our key sectors : industrial manufacturing, food, chemical processing and speciality chemicals, plastics, polymer and styrene, pharmaceutical, solar and biomass.
The launch of the Thermocare® lifecycle management plans (Essential, Optimum and Ultimate) was a significant milestone for our company for which we gained recognition from Keele University in the category of Science, Technology and Innovation and a Queen’s Award for Enterprise 2016-2021 in the category for Innovation.
The launch of our latest concentrated solar power (CSP) products Globaltherm® Omnipure and Omnistore has also contributed to our success so far this year with key sales in overseas markets. Additionally, we have extended our premium high temperature range to include Globaltherm HF® (high flashpoint product heat transfer fluid), Globaltherm EXS (non-flammable heat transfer fluid) and Globaltherm MXT a highly resilient mineral based heat transfer fluid with a unique blend of additives designed to extend fluid life.
Read more about our portfolio
Our global reach is steadily increasing with the addition of new partners and distributors in a range of strategic locations. We sell Globaltherm® products through our overseas distributor network in a range of locations spanning 6 different continents.
Central to our strategy for growth and sustainability is the motivation and engagement of our team. We have developed a people plan that supports our strategic aims and continues to build on the strong Values embedded across the Group. We will continue to increase our headcount during the next financial year and given that our talented workforce has been so instrumental to our success, we will leverage this advantage through succession planning and ongoing training and development programmes throughout the 2017/18 financial year and beyond.
Looking ahead, we are confident that the execution of our strategy will continue to deliver growth.
Our most recently launched thermal fluid product – Globaltherm® Omnistore MS600 – has been developed to secure our proposition in the concentrated solar power market. Along with our new high temperature Globaltherm® heat transfer fluids which broaden our offering to the numerous industrial markets we serve.
The launch of the Thermocare® lifecycle management plans (Essential, Optimum and Ultimate) was a significant milestone for our company for which we gained recognition from HRH Queen Elizabeth II and the Prime Minister with a Queen’s Award for Innovation. We also received recognition for the creation of Thermocare® from Keele University in the category of Science, Technology and Innovation at the Staffordshire Business Awards.
Our head office site development plans continue to take shape with our newly created bespoke office suite complete with training rooms and on-site lab facility.