Morgan Advanced Materials

Morgan Advanced Materials (LSE: MGAM) is a company which manufactures specialist products, using carbon, advanced ceramics and composites. The company is headquartered in Windsor, United Kingdom, and has 85 sites across 30 countries.[4] A public limited company, it is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Morgan Advanced Materials plc
FormerlyThe Morgan Crucible Company
TypePublic
LSE: MGAM
IndustryManufacturing
Founded1856
HeadquartersYork House, Sheet Street,
Windsor, Berkshire
,
United Kingdom[1]
Key people
Douglas Caster, Chairman
Pete Raby, CEO
Revenue£1,049.5 million (2019)[2]
£126.1 million (2019)[2]
£81.3 million (2019)[2]
Number of employees
7,500 (2020)[3]
SubsidiariesMorgan Technical Ceramics Ltd; Morgan Thermal Ceramics UK Ltd[1]
Websitewww.morganadvancedmaterials.com

History

Origins

The company was founded in Battersea in South London by the six Morgan brothers (viz. William, Thomas, Walter, Edward, Octavius & Septimus) in 1856 as The Patent Plumbago Syndicate Limited to make graphite crucibles. The Morgan Crucible Company was adopted as the name in 1881 and it diversified into carbon brushes in 1904.[5]

Morganite

In 1939 the company's subsidiary Morganite Crucible opened its works at Norton in Worcestershire.[6] During the Second World War this facility employed European Voluntary Workers who were accommodated at Bowbrook House in nearby Peopleton.[7] In 2010 the site, which had recently been closed, was sold for use as an industrial estate; in part of the site, Molten Metal Products Ltd was set up by former Morgan employees Dave Hill and Jim Ritchie, to distribute Morganite products and manufacture Morgan furnaces under licence.[8]

Early adopter of computers

In 1954 the company became one of the first businesses in the UK to computerise its financial records, with the first order of a HEC4 computer, operational in 1955.[9] In 1964 the first commercial sale of the ICT 1900 series computer was to the company.

Late 20th century

The company relocated its Battersea manufacturing operations to Morriston in Wales in 1971.[5]

A joint venture of Morgan's Thermal Ceramics division and the Carborundum Universal company, part of the Indian industrial conglomerate Murugappa Group, has existed since 1982.[10]

Recent

The company changed its name to Morgan Advanced Materials in February 2013 to reflect the fact that it produces a variety of different products and supplies to many different industries.[11]

In September 2020 the company's headquarters moved from the Quadrant to York House,[1] also in the centre of Windsor.

References
  1. Companies House (checked on 7 November 2020)
  2. "Preliminary Results 2019". Morgan Advanced Materials. Retrieved 3 March 2020.
  3. "Business Overview". Morgan Advanced Materials. Retrieved 27 March 2018.
  4. "Business overview". Morgan Advanced Materials. Retrieved 22 April 2017.
  5. "History". morganadvancedmaterials.com. Retrieved 31 March 2015.
  6. "Help for staff to find new jobs". BBC. 21 September 2007. Retrieved 3 March 2020.
  7. "Peopleton". Retrieved 4 June 2013.
  8. "Disused factory unit proves to be sound investment". 3 March 2011. Retrieved 4 June 2013.
  9. "HEC4 at Morgan Crucible". vk2bv.org. Archived from the original on 19 April 2014. Retrieved 31 March 2015.
  10. Murugappa Morgan
  11. Morgan Crucible no more FT.com, 14 February 2013
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