Polyp­ipe well placed to meet tar­gets

Yorkshire Post - - BUSINESS -

MAN­U­FAC­TUR­ING FIRM Polyp­ipe said it was de­liv­er­ing strong or­ganic growth and is well placed to meet man­age­ment ex­pec­ta­tions.

The Don­caster-based com­pany, which is a man­u­fac­turer of plas­tic pip­ing and ven­ti­la­tion sys­tems for the res­i­den­tial, com­mer­cial, civils and in­fra­struc­ture sec­tors, has is­sued an up­date on trad­ing for the 10 months ended Oc­to­ber 31, 2017.

The com­pany said that strong or­ganic growth in its UK res­i­den­tial sys­tems and main­land Europe seg­ments, both helped by rel­a­tively buoy­ant new house build­ing ac­tiv­ity, has driven con­tin­ued growth ahead of the mar­ket.

Martin Payne, chief ex­ec­u­tive, said: “While the UK new house­build mar­ket con­tin­ues to per­form well, helped by in­creas­ing de­mand for our wa­ter man­age­ment and at­ten­u­a­tion prod­ucts, com­mer­cial, in­fra­struc­ture and RMI mar­kets re­main chal­leng­ing.

“Against this back­drop, the group con­tin­ues to de­liver strong or­ganic growth ahead of the over­all UK con­struc­tion mar­ket, demon­strat­ing the re­silience of its bal­anced ex­po­sure to the dif­fer­ent sec­tors within that mar­ket, and the con­tin­ued suc­cess of its strate­gic growth ‘pil­lars’ of legacy ma­te­rial sub­sti­tu­tion and leg­isla­tive tail­winds in wa­ter man­age­ment and car­bon ef­fi­ciency.

“While we re­main vig­i­lant in face of con­tin­ued po­lit­i­cal and eco­nomic un­cer­tainty, we be­lieve the group is well placed to achieve ex­pec­ta­tions for the full year.”

Joanna Robin­son said that it was fan­tas­tic to be in­cluded in Grant Thorn­ton’s 100 Faces of a Vi­brant Econ­omy.

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