Strategy

Porvair specialises in filtration and related environmental technology.  We operate two divisions.  The Microfiltration division comprises the Porvair Filtration Group, Porvair Sciences and Seal Analytical (‘Seal’).  It principally serves aviation, laboratory and energy markets.  The Metals Filtration division serves global aluminium, NAFTA iron foundry and super-alloy markets.

The Group manufactures principally in the UK, US, Germany and China.  Its sales are global.

Porvair’s strategy for growth and the creation of sustainable shareholder value is to:

• Develop filtration and environmental technology positions in markets where typically:

       - specialist design or engineering skills win business;

       - regulation or quality accreditation requirements mandate product use;

       - consumable products, which protect more costly downstream components, are often replaced as part of a maintenance routine;

        - products, once designed into a specification, have very long lifecycles.

• Focus on selected markets which have good long term growth: aviation, energy & industrial, environmental laboratory supplies and aluminium filtration.
• Invest consistently in specified new products.  In this statement these products are referred to as “new (or next) generation products”.
• Expand geographically, where appropriate, in our chosen markets.
• Acquire complementary businesses that meet Group financial and commercial criteria.
• Maintain an appropriately funded balance sheet and generate sufficient cash to sustain a progressive dividend policy.