Vesuvius plc - Company Profile

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Business Description

Vesuvius plc (Vesuvius) is a global leader in molten metal flow engineering and technology. The company develops and manufactures high-technology products and solutions primarily for the steel and foundry casting industries. Vesuvius operates a profitable, flexible, cash-generative, and growth-oriented business model. It has a global footprint with 54 production sites across six continents and serves customers in challenging high-temperature conditions. The company operates six R&D centers of excellence and has a presence in 40 countries.

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R&D Overview

Vesuvius has undertaken several R&D initiatives focused on innovation in materials science and the development of mechatronics solutions. The company aims to improve the performance of consumables and enable customers to substitute operators with robots, enhancing safety, reliability, cost, and quality performance. In 2024, Vesuvius launched 33 new products, and the New Product Sales ratio reached 19.1% for the Group, with a target of over 20% by 2026. The company's robotics business is also growing, with an increase in orders for robotic systems for Flow Control. The R&D units of Vesuvius include local development teams around the world and the Vesuvius Borken laboratory in Deutschland. These units are responsible for customizing products for customers, qualifying new sources of key raw materials, and driving innovation through the creative process of converting ideas into value-creating technologies. Vesuvius has over 150 patent families, with 1,570 patents granted worldwide and 520 patent applications pending. The company has an extensive pipeline of products under development, which will be progressively introduced to the market. In FY2024, the company spent GBP36.9 million on R&D, which was 2.0% of its revenue.

Business Segments

Overview

Provides consumable products and solutions to ferrous and non-ferrous foundries, serving industries from large bespoke castings to high-volume automotive pieces. The prominent key brand associated with this segment is Foseco. The segment's strategy focuses on enhancing casting quality and production efficiency through the development of customizable products and advanced process technology. The capital expenditure stood at GBP23.9 million, which declined 25.5% YOY.

Performance

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Overview

Provides refractory products, flow control systems, and process measurement solutions to the steel industry. It serves industries involved in steel-making and continuous casting processes. The prominent key brand associated with this segment is Vesuvius. The segment's strategy focuses on enhancing efficiency, reducing energy usage, and maintaining steel quality through innovative products and solutions. The capital expenditure stood at GBP92.2 million, which declined 1.1% YOY.

Performance

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Geographical Segments

Performance

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Performance

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Performance

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Performance

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