Morgan Crucible
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| Type | Public (LSE: MGCR) |
|---|---|
| Industry | Manufacturing |
| Founded | 1856 |
| Headquarters | Windsor, UK |
| Key people | Tim Stevenson, Chairman Mark Robertshaw, CEO |
| Revenue | £1,007.5 million (2012)[1] |
| Operating income | £100.5 million (2012)[1] |
| Net income | £80.3 million (2012)[1] |
| Employees | 10,300 (2010)[2] |
| Website | www.morgancrucible.com |
The Morgan Crucible (LSE: MGCR) is one of the largest UK manufacturers of carbon and ceramic products for industrial use. It is a constituent of the FTSE 250 index.
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History
The company was founded in Battersea in South London by the six Morgan brothers in 1856 as The Patent Plumbago Syndicate Limited to make graphite crucibles. The current name of the company, The Morgan Crucible Company, was adopted in 1881 and it diversified into carbon brushes in 1904.[3]
In 1954 the company became one of the first businesses in the UK to computerise its financial records.[4] The company relocated its manufacturing operations from Battersea to Morriston in Wales and Norton in Worcestershire in 1976.[3]. Recently 'Morgan Crucible Plc' has changed its name to 'Morgan Advanced Materials Plc', as the company now produces a variety of different products and supplies many different industries.
Operations
The company has two divisions:[5]
- Morgan Engineered Materials (produces carbon, silicon carbide, oxide-based ceramics and advanced polymeric composites)
- Morgan Ceramics (produces structural ceramic, electro-ceramic and precious metal products)
References
- ^ a b c Preliminary Results 2012
- ^ Morgan Crucible: Frequently Asked Questions
- ^ a b Company history
- ^ HEC4
- ^ Morgan Crucible profit falls on weak sales at engineered materials unit Thomson Reuters, 14 February 2013
