Chief Executive’s Statement
The Group continues to grow 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 fluid condition monitoring and management service Thermocare® – with 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) continues to contribute to the success of 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.
The launch of our concentrated solar power (CSP) products Globaltherm® Omnipure and Omnistore has also contributed to our success 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 formulated to extend fluid life.
Read more about our portfolio
Our global reach is increasing with the addition of new partners and distributors in a range of strategic locations. Globaltherm® products are sold through our overseas distributor network in a range of locations spanning 6 different continents and our businesses in Europe, MENA, the Americas and APAC.
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 continue to increase our headcount 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 2023/4 financial year and beyond.
Looking ahead, we are confident that the execution of our strategy will continue to deliver sustainable growth.
Our head office site development continues to evolve and our bespoke office suite is complete with training rooms and on-site lab facility.
Our on-site lab facility provides accurate analysis of thermal fluid product to inform current and future fluid management and actions for process manufacturing sites throughout the world.