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Morgan Advanced Materials
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Morgan Advanced Materials plc is a company which manufactures specialist products, using carbon, advanced ceramics and composites. The group is headquartered in Windsor, United Kingdom, and has 60 sites worldwide.[4] It is listed as public limited company on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Key Information

History

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From formation to flotation

[edit]

The six Morgan brothers (William, Thomas, Walter, Edward, Octavius and Septimus) began as importers and exporters in the City of London trading as "Druggist Salesmen and Hardware Merchants". An American crucible, made to a new process, was shown at the Great Exhibition of 1851 and seen by the brothers. The distinguishing feature of the “new process” involved mixing the clay with graphite, then usually known as plumbago or black lead, giving it much greater durability. The brothers obtained the sole agency for the British Empire from the manufacturers, Joseph Dixon, and in 1856 formed the Patent Plumbago Crucible Company, acquiring a site in Battersea for its manufacture. One of the features of the early years was extensive international scope of the business, both in the marketing of the crucible and the search for the ideal graphite – first in Ceylon and then Madagascar. By the 1870s, the firm, then trading under the easier name of Morgan Crucible, was said to be the largest manufacturer of crucibles in the world.[5]

In 1890, Morgan Crucible became a company; it was no longer a family concern although the shares remained in the hands of directors and senior executives, and it remained so until 1946. By 1900, the staff at Battersea totalled over 420 and the company was continually exploring other avenues for its graphite expertise. In the early 1900s lengthy development work was undertaken on electric brushes and by the end of World War I it was an established part of the business. Other refractory products, including furnace linings, were developed and in 1947 production moved to a new factory in Neston as Morgan Refractories. Other carbon specialisations included lighting carbons and resistors, the latter being large enough to move into a new factory in County Durham in 1948.[5]

At the private AGM in August 1946, the Chairman announced "a departure from our 60-year-old policy of retaining the whole of the equity in the hands of workers and ex workers." There was to be a public listing on the London Stock Exchange with the issue of new shares but it was expected that the employees would still control the majority of the equity.[6] The fundraising was duly completed the next month; the company was described as the largest manufacturer of plumbago crucibles in the world and also holding “a leading position as manufacturers of carbon products used on rotating electrical equipment”.[7]

Flotation to late 20th century

[edit]

In 1939 the company's subsidiary Morganite Crucible opened its works at Norton in Worcestershire.[8] During the Second World War this facility employed European Voluntary Workers who were accommodated at Bowbrook House in nearby Peopleton.[9] 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.[10]

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.[11] In 1964 the first commercial sale of the ICT 1900 series computer was to the company.[12]

In 1964 the company acquired Steatite & Porcelain Products from Imperial Chemical Industries (ICI): this company, based in Stourport, had been established as Ernst Hildebrant Limited in 1907 and had been owned by ICI in 1941.[13]

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.[14]

21st century

[edit]

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.[15]

In September 2020 the company's headquarters moved from the Quadrant to York House, also in the centre of Windsor.[16]

In February 2023, the company announced that it had been hit by a cyber-security incident which had taken some of its systems offline and may cost it up to £12 million.[17]

In October 2025, a large part of the former Molten Metal Systems business unit was sold to the British group Vesuvius for US$108.7 million.[18]

Corporate structure

[edit]

Until 2023 the group was divided into five business units: Thermal Ceramics (23 locations), Molten Metal Systems (5 locations), Electrical Carbon (16 locations), Seals and Bearings (11 locations) and Technical Ceramics (17 locations).[19][20]

At the beginning of 2024, the five business units were merged into three segments. Thermal Ceramics and Molten Metal Systems became Thermal Products, Performance Carbon was formed from Electrical Carbon and around 90 % of Seals and Bearings, and Technical Ceramics and around 10 % of Seals and Bearings became the Technical Ceramics segment.[21]

In 2021, 27.4 percent of employees worked in the United States of America, 28.5 percent in Europe (UK: 9.5 percent) and about 14 percent in China.[22]

A total of four (global) development centers (Centre of Excellence, CoE) have been opened since 2008:[23][24]

References

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Morgan Advanced Materials

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from Grokipedia
Morgan Advanced Materials plc is a British multinational company that specializes in the , manufacture, and sale of advanced carbon and materials for high-performance applications in demanding environments. Headquartered in Windsor, , the company operates approximately 60 manufacturing sites across 20 countries and employs around 8,600 people worldwide. Its products serve critical sectors including semiconductors, healthcare, clean energy, , industrial equipment, and transportation, enabling higher process temperatures, enhanced product performance, and miniaturization. Founded in 1856 in , , as the Patent Plumbago Crucible Company by the Morgan brothers, the firm initially produced crucibles for industrial use. It was renamed The Morgan Crucible Company in 1881 and became a in 1890 through a share flotation on the Stock Exchange. During the early , the company expanded internationally with manufacturing facilities in the UK, USA, , and , and pioneered products like commutator brushes for electrical applications. By the , it had grown into a group of over 200 companies across 80 countries, diversifying into technical ceramics, carbon materials, and composites for automotive, defense, , medical, and transport industries. The company adopted its current name, Morgan , in 2013 to emphasize its expertise in advanced materials science. The company is organized into three primary business segments: Thermal Products, which develops insulation, fire protection, and heat-resistant solutions for applications like processing; Performance Carbon, focusing on carbon-based materials for high-performance uses; and Technical Ceramics, providing advanced components for sectors such as healthcare, , and industrial equipment. Morgan Advanced Materials' purpose is to leverage to promote , improve , and enhance , while supporting customers in achieving net-zero goals. Its strategy emphasizes building core capabilities in , application engineering, and market focus, with investments in innovation through four Centres of Excellence and a target adjusted operating of 12.5% by 2025.

History

Founding and early expansion (1856–1946)

Morgan Advanced Materials traces its origins to 1856, when six brothers—William, Thomas, Octavius, Edward, Henry, and John Morgan—founded the Patent Plumbago Crucible Company in , . The company began as a private partnership, manufacturing crucibles designed for melting metals in industrial furnaces. These crucibles, licensed from the American firm Joseph Dixon Crucible Company, offered significant advantages, including faster melting times and greater durability, reportedly achieving "a saving of more than 50 per cent in time, labour, fuel and waste." Initial production relied on a horse-powered mill and a small in a modest , focusing on high-quality carbon-based products to meet growing demand from industries. By the late 19th century, the company had expanded its operations and product range. In 1881, it was renamed The Morgan Crucible Company, reflecting its established reputation in crucible production. Following a successful share flotation, it became a in 1890, with Octavius Vaughan Morgan serving as the first chairman. This transition enabled further investment in facilities and , including the introduction of brushes in 1907 at the Battersea factory. These carbon brushes were developed for electrical motors and generators, marking an early diversification into advanced carbon materials for industrial applications beyond . The company's initial emphasis remained on carbon and basic components essential for . International growth accelerated in the early , driven by demand for reliable materials in emerging global markets. In 1907, Morgan established a sales office in to serve European customers. This was followed in 1909 by the opening of a crucible factory in and the appointment of an agent in , facilitating exports to and . Expansion into the began in 1920 with an office in New York, culminating in the establishment of a dedicated factory there in 1925 to support the burgeoning automotive and electrical sectors. These moves positioned Morgan as a key supplier of carbon products worldwide, with manufacturing sites across , , and by the mid-1920s. In 1910, the company formed the Morganite Brush Company Inc. in New York as a focused on carbon production. By 1946, Morgan Crucible achieved a major milestone with its listing on the London , setting the stage for post-war development.

Post-listing growth and diversification (1947–2012)

Following its listing on the London Stock Exchange in 1946, The Morgan Crucible Company experienced significant post-war growth, reestablishing European customer relations and surpassing pre-war export levels by 1947. This period marked a shift toward diversification beyond traditional crucibles, with the formation of Morgan Refractories Ltd. in 1948 to specialize in advanced refractory products for industrial applications. The company centralized its research and development efforts in the 1950s, acquiring a factory in Cheshire for refractory production and achieving record profits in 1955 amid expanding global operations in North America and emerging markets. Demonstrating early technological adoption, Morgan became one of the first commercial users of the HEC4 computer in 1955 for business processing and acquired the inaugural ICT 1900 series system in 1964, enhancing operational efficiency. By the 1960s, Morgan pursued strategic acquisitions to bolster its ceramics portfolio, notably purchasing Steatite & Porcelain Products Ltd. from ICI in 1964, which operated from , , and expanded the company's capabilities in industrial ceramics. Organizational restructuring followed in 1961, creating subsidiaries like Morganite Carbon Ltd. to streamline carbon-based products, while international footprints grew through new facilities in and . The 1970s brought further diversification into , with production of aluminum components, and operational relocations for efficiency; between 1971 and 1976, brush manufacturing shifted from , , to a new site in , , alongside crucible operations moving to Worcester. Acquisitions like Copeland and Jenkins in 1971 supported this transition, focusing on specialized materials for automotive and electrical sectors. The late 20th century saw accelerated global expansion through a wave of acquisitions from 1987 to 2001, including Alberox in 1988 for enhanced ceramics in the U.S., WESGO in to strengthen metal-ceramic composites, Haldenwanger for precision technical ceramics, and Diamonex in 2001 for advanced coatings used in semiconductors and . Earlier in the decade, purchases such as Franklin Oil in 1980 and Hydrotex Industries in 1981 diversified into thermal management solutions, while a 1997 with Shin-Nikka in formed Shinnikka Thermal Ceramics Corp., targeting Asian markets for insulation products. By 2003, the company reorganized into six global business units—thermal ceramics, electrical carbon, technical ceramics, insulation, carbon, and seals and bearings—to better serve diverse industries like and . In 2006, Morgan marked its 150th anniversary, reflecting on its evolution from a crucible maker to a multinational leader. The following years emphasized high-margin sectors; in 2008, the company acquired NP Aerospace, a UK-based composite materials firm specializing in lightweight armor for defense applications, enhancing its performance materials segment. Concurrently, Morgan established a Centre of Excellence for products in , , investing in R&D facilities with pilot equipment to innovate fiber-based solutions for high-temperature industrial uses. These moves solidified Morgan's position in growth markets ahead of further strategic shifts in the early 2010s.

Rebranding and recent developments (2013–present)

In March 2013, The Morgan Crucible Company plc rebranded to Morgan Advanced Materials plc to emphasize its expertise in advanced materials and solutions. This change aligned with the company's strategic focus on high-performance materials for demanding applications across industries. In 2015, Morgan established the Global Materials Centre of Excellence for Structural in , , to advance in ceramic materials for structural applications. This facility enhanced the company's capabilities in producing high-strength ceramics for sectors like energy and transportation. The following year, in 2016, Morgan opened an R&D Centre of Excellence for Metals and Joining in Hayward, California, United States, focusing on metallization and brazing technologies to support precision engineering needs. In 2017, the company divested its UK ElectroCeramics business to CeramTec for £47 million, streamlining operations in electronic components, and sold its global Rotary Transfer Systems business to Moog Inc. for approximately €40 million to refocus on core materials expertise. By 2018, Morgan launched the Carbon Science Centre of Excellence at Penn State University, , to drive innovation in carbon-based materials for high-temperature and applications. That same year, it sold its Composites and Defence Systems business to 11046896 Canada Inc. for £2.5 million, further rationalizing its portfolio away from non-core defense activities. In 2019, Morgan opened a dedicated Chemical Vapour Deposition- (CVD-SiC) manufacturing site in , , to meet growing demand for carriers and components in . In 2020, amid the global , Morgan relocated its headquarters from The Quadrant to York House in central Windsor, , on September 29, maintaining its base in the town while updating facilities. The company also sold its Diamonex business assets in , , to BEST Engineered Surface Technologies LLC, exiting coating operations. Concurrently, it acquired the remaining stake in Carbo San Luis S.A. in on June 10, strengthening its carbon production footprint in for and industrial uses. A significant disruption occurred in January 2023 when Morgan experienced a cyber-security incident involving unauthorized network access, leading to operational downtime and response costs estimated at up to £12 million, including specialist fees and lost productivity. The incident impacted manufacturing efficiency but did not compromise , with systems progressively restored by mid-year. In 2024, Morgan restructured its operations by merging business units into three focused segments—Thermal Products, Performance Carbon, and Technical Ceramics—to enhance strategic alignment and resource allocation for growth markets. This simplification supported targeted investments in high-demand areas like and semiconductors. In November 2025, Morgan completed the sale of a substantial portion of its Molten Metal Systems business to for an enterprise value of £92.7 million ($108.7 million), announced in August 2025 and finalized to sharpen focus on while providing capital for reinvestment. This transaction marked a key step in the company's ongoing portfolio optimization.

Business Segments

Thermal Products

The Thermal Products segment of Morgan Advanced Materials integrates the former Thermal Ceramics and Molten Metal Systems businesses, specializing in heat-resistant materials and systems for and insulation in high-temperature industrial environments. This integration, effective from the 2024 restructuring, enables streamlined operations focused on advanced ceramics that withstand extreme conditions while supporting energy efficiency. Key offerings include Superwool® low-biopersistent insulating fibres, which provide superior performance without the health risks associated with traditional refractories, and microporous insulation products such as WDS® and Min-K® that achieve low conductivity for applications up to 1,000°C. Additionally, the segment produces firebricks, mortars, and monolithic refractories for furnace linings and heat shields, ensuring durability and safety in processes involving intense heat exposure. In the Molten Metal Systems area, the segment offers crucibles like Morganite® and Noltina® for melting non-ferrous metals such as aluminum and , alongside products and specialized furnace ranges that optimize metal processing. These technologies emphasize advanced compositions that reduce by up to 20% in operations and lower emissions through efficient , contributing to sustainable industrial practices. Applications span in facilities and insulation for metal , where products help lower process temperatures and enhance operational safety by minimizing bridging and fire risks. Financially, the Thermal Products segment generated revenue of £418.2 million in 2024, a decrease of 8% from £454.4 million in 2023, primarily due to softer demand in core markets like metals and . Despite the revenue dip, operating profit rose to £31.1 million (from £29.5 million in 2023), yielding a margin of 7.4% (up from 6.5%), driven by cost efficiencies and pricing actions. This performance underscores the segment's role in delivering resilient solutions that support emission reductions and cost savings across high-temperature industries. In the first half of 2025, revenue was £195.5 million (down from £221.5 million in H1 2024), with operating profit of £15.7 million and a margin of 8.0%.

Performance Carbon

The Performance Carbon segment of Morgan Advanced Materials specializes in developing innovative carbon, , and products designed to perform under demanding electrical and industrial conditions. These materials are engineered for high reliability in applications requiring superior conductivity, thermal management, and durability, such as and . By leveraging advanced carbon-based solutions, the segment addresses challenges in energy efficiency and equipment longevity across various sectors. Key products within this segment include carbon brushes, brush holders, and slip rings for electrical contacts in motors and generators; diagnostic and motor maintenance equipment to monitor performance; AEGIS SGR bearing protection rings to mitigate electrical damage in variable frequency drives; and specialty advanced graphite, porous graphite, and graphitised felt for filtration, insulation, and structural applications. The underlying technologies emphasize high-performance electrical carbon for reduced wear and energy loss, alongside specialty graphite formulations that enhance thermal and mechanical properties in extreme environments, promoting greater overall system efficiency. In 2024, the Performance Carbon segment generated revenue of £345.2 million, marking a 5.5% increase from £327.2 million in 2023, with organic constant-currency growth of 9.3%; operating profit reached £47.2 million (from £39.9 million in 2023), achieving a margin of 13.7% (up from 12.2%). This performance reflects investments in operational streamlining and market expansion. The segment maintains a global and network, including 19 production sites and offices across , , and , which supports its contributions to clean energy transitions in areas like electric vehicles and wind turbines. In the first half of 2025, revenue was £154.1 million (down from £178.9 million in H1 2024), with operating profit of £25.1 million and a margin of 16.3%.

Technical Ceramics

The Technical Ceramics segment of Morgan Advanced Materials leverages to engineer high-performance components designed for operation in extreme environments, such as high temperatures, corrosive conditions, and demanding mechanical stresses. These components are critical for applications requiring exceptional durability, electrical insulation, and thermal stability, enabling reliable performance in sectors like , , and . By combining precision techniques with specialized formulations, the segment delivers solutions that enhance and longevity in harsh operational settings. Key products in this segment include alumina components for electrical and , ceramic cores used in for blades, wax injection products for prototyping and tooling, and ceramic-to-metal assemblies that integrate ceramics with metals via or metallization for sealed, hermetic joints. Additional offerings encompass extruded ceramic profiles for custom shapes, machinable glass-ceramic for easy machining into complex parts without post-firing, semiconductor products like substrates and insulators for chip manufacturing, zirconia products valued for their and , the Haldenwanger® range of tubes, laboratory , and furniture for high-temperature handling, braze alloys in precious and non-precious variants for joining dissimilar materials, and CVD-SiC ( silicon carbide) components for superior wear resistance and thermal conductivity in and equipment. These products exemplify the segment's focus on tailored ceramic solutions that outperform traditional metals or polymers in extreme conditions. Supporting these products are core technologies such as precision ceramics, which involve advanced forming, , and finishing processes to achieve tight tolerances and intricate geometries; brazing solutions like Ultinex®, a nickel-based for high-strength, vacuum-tight bonds in assemblies; and MRO (maintenance, repair, and operations) products including PSPs (precision support products) for furnace and kiln maintenance. Complementary innovations include Stopyt®, an inhibitor for extending the life of components in molten metal environments. These technologies enable the segment to address engineering challenges in critical applications, such as aero-engines and gas turbines. The segment also supports markets like and healthcare through specialized components for equipment and implants. In 2024, the Technical Ceramics segment generated revenue of £337.3 million, representing a 1.3% increase from £333.1 million in 2023, with an adjusted operating profit of £39.2 million and an of 11.6%. A notable development was the 2019 opening of a dedicated CVD-SiC manufacturing facility in , , to capitalize on growth in the by expanding production capacity for high-purity components used in wafer processing. In the first half of 2025, revenue was £173.0 million (up from £172.2 million in H1 2024), with operating profit of £20.2 million and a margin of 11.7%.

Markets and Applications

Core Markets

Morgan Advanced Materials' core markets encompass its established and revenue-dominant sectors, where the company maintains leadership positions through specialized solutions. These markets accounted for 78% of the group's revenue as of FY2024, comprising industrial applications tied to global GDP growth, as well as , , and defence sectors experiencing 5-10% annual growth. In these areas, the company's products serve critical functions, including materials used in processing, production, manufacturing, and ceramics industries to enhance energy efficiency and process reliability. Additionally, high-performance crucibles support and operations in metals and foundries, while carbon-based products enable components in power generation systems and rail infrastructure, contributing to durability and under demanding conditions. These applications overlap with the company's Products and Performance Carbon business segments, particularly for industrial end-uses. The company benefits from strong customer loyalty, a respected brand reputation, and deep expertise in these stable sectors, allowing it to deliver tailored solutions that meet rigorous operational requirements. For instance, materials provide passive safety solutions in marine vessels and domestic buildings, safeguarding against extreme heat and fire risks. In defence, advanced components ensure high-reliability performance in mission-critical environments, such as engines and hardware.

Growth Markets

Morgan Advanced Materials strategically focuses on four high-growth markets—semiconductors, healthcare, clean energy, and clean transportation—to capitalize on global trends in , medical advancements, and decarbonization. These sectors were projected as of 2024 to deliver a (CAGR) of 10-15% through 2027, outpacing the company's core markets, and represented 22% of revenue as of FY2024. However, in H1 2025, revenue from these faster-growing markets declined by 17.2% organically, primarily due to a 35% drop in the semiconductors segment amid destocking and softer demand. The company's expertise enables it to develop specialized components that enhance performance and efficiency in these areas, supporting broader societal shifts toward and . In the semiconductors market, Morgan supplies (chemical vapor deposition silicon carbide) ceramics essential for processing () and (GaN) wafers, including crystal growth consumables and components. These materials, often from the Technical Ceramics segment, withstand extreme conditions in manufacturing, aiding applications in electric vehicles (EVs), networks, , and power infrastructure. For healthcare, the company provides advanced biocompatible ceramics and braze alloys for precision components in medical devices, such as ceramic feedthroughs in cochlear implants, imaging equipment, and surgical tools, addressing the rising demand for reliable solutions amid increasing focus on chronic disease management. The clean energy and clean transportation markets leverage Morgan's carbon and ceramic solutions to promote emission reductions and energy efficiency. Carbon-based products, including seals for EV cooling pumps and brushes for wind turbines, extend component lifetimes and support renewable energy generation, while Superwool® insulation enhances thermal management in energy storage and fuel cells. Advanced components for aero-engines, utilizing high-performance ceramics, enable higher efficiency and lower carbon emissions in aviation, aligning with clean transportation goals. To capture rising demand, Morgan has made targeted investments, including the establishment of a Carbon Science Centre of Excellence in collaboration with Penn State University, opened in 2018 and focusing on advanced carbon materials for applications like EVs and rail. Additionally, the Metals and Joining Centre of Excellence in , opened in 2016, drives innovation in braze alloys for complex assemblies in these sectors. These R&D facilities underscore the company's commitment to , with innovations aimed at reducing transportation emissions through improved EV thermal management and performance, contributing to a 25% drop in the company's Scope 1 and 2 CO2 equivalent emissions as of FY2023 compared to FY2022, followed by an additional 3% reduction in FY2024 (total -55% from 2015 baseline), though H1 2025 saw a 4% increase.

Corporate Governance

Leadership

Morgan Advanced Materials is led by a and executive team focused on driving the company's strategic objectives in . The board provides in setting the company's direction, ensuring robust , and aligning decisions with the purpose of using to enhance and . The is Damien Caby, who was appointed to the role on July 1, 2025, following his earlier joining of the board on May 8, 2025. Caby brings extensive experience in , having previously held senior leadership positions at from 2017 to 2022, where he focused on specialties across multiple markets, and at from 2011 to 2016. Before his CEO appointment, he served as President of Morgan's Thermal Products Division since 2022. The transition to Caby followed the retirement of previous CEO Pete Raby on July 1, 2025, after a decade in the role; Raby provided support through August 31, 2025, and subsequently joined as an independent effective September 1, 2025. Ian Marchant serves as Non-executive Chair, overseeing the board's activities. The Chief Financial Officer is Richard Armitage, responsible for financial strategy and reporting. Key independent s include Jane Lodge, appointed June 1, 2025, with 35 years of experience in international industrial and manufacturing businesses, including as a senior audit partner at & Touche LLP; she will succeed as Audit Committee Chair in May 2026. Other notable directors are Alison Wood and Clement Woon, contributing expertise in governance and operations. The board collectively oversees the company's strategy, including growth in core and emerging markets, , and capital allocation, while monitoring initiatives such as emissions reductions and net zero targets. It also ensures operational resilience through internal controls and compliance, with committees like , Nomination, and Remuneration supporting these efforts.

Global Operations

Morgan Advanced Materials maintains a global footprint with approximately 60 manufacturing sites across 20 countries, supporting its operations in manufacturing, sales, , and for its core business segments including Products, Performance Carbon, and Technical Ceramics. The company's headquarters is located in Windsor, , at York House, Sheet Street. As of 2024, the company employs approximately 8,600 people worldwide. Historical data from 2021 indicates a workforce distribution of 27.4% in the United States, 28.5% in (including 9.5% in the UK), and 14% in , though these proportions may have evolved with recent expansions. This global workforce supports the company's integrated supply chains, enabling efficient delivery of advanced materials to diverse end-markets. Key facilities include several Centres of Excellence dedicated to and specialized R&D. The Structural Ceramics Centre of Excellence, established in 2015 in , , focuses on advanced materials for high-performance applications. The Thermal Insulation Centre of Excellence, opened in 2008 in Bromborough, , drives development of insulating fibre products and related technologies. In the United States, the Metals and Joining Centre of Excellence in , launched in 2016, specializes in , metallization, and joining solutions for technical ceramics. Additionally, the Carbon Centre of Excellence, established in 2018 at Penn State University in , advances research in carbon-based materials for and other high-tech uses. These centres, along with and sales operations, underscore the company's commitment to localized expertise within a coordinated global network.

Sustainability and Innovation

Company Purpose and Strategy

Morgan Advanced Materials' guiding purpose is to use to make the world more and improve , a that underpins all aspects of its product development and operations. This purpose drives decision-making across the organization, ensuring that actions reduce environmental impact, treat people equitably, and uphold strong . By focusing on advanced ceramics and carbon materials, the company aims to enhance and support societal well-being through applications in sectors like clean energy and healthcare. The company's long-term emphasizes building distinctive capabilities in , application engineering, and customer focus to drive growth in core markets such as and transportation, as well as emerging areas like semiconductors and healthcare. Key execution priorities include making a big positive difference through , delighting customers with tailored innovations, and innovating to grow by accelerating organic volume expansion. This approach involves delivering customer-centric solutions, fostering a model with a commitment to net zero Scope 1 and 2 emissions by 2050, and creating inclusive workplaces that reflect the diverse communities served. As of June 2025, progress toward 2030 ESG targets included Scope 1 and 2 CO₂e emissions 53% below the 2015 baseline (despite a 4% year-over-year increase) and usage 39% below the baseline (down 13% year-over-year). Core values of , , and responsibility are embedded in the Morgan Code, guiding ethical conduct, stakeholder engagement, and a transparent . These values manifest in commitments to , such as designing products that reduce emissions in end-use applications like wind turbines and solar panels, and promoting fair labor practices through diversity, inclusion, and employee engagement initiatives. The strategy aligns with the , particularly those related to affordable and clean energy (SDG 7), industry, , and infrastructure (SDG 9), and sustainable cities and communities (SDG 11), with 2030 targets including a 50% reduction in Scope 1 and 2 CO2 emissions from a 2015 baseline and a 30% decrease in water usage.

Research and Development

Morgan Advanced Materials has a spanning over 160 years of innovation in , beginning with the founding of the Patent Plumbago Crucible Company in 1856. This legacy has evolved into a global commitment to advancing carbon, ceramics, and composites through dedicated (R&D) efforts. The company operates several specialized R&D centers, including the Carbon Science Centre of Excellence established in 2018 at Penn State University's Innovation Park in . This 30,000-square-foot facility focuses on carbon-based materials for applications in and high-performance environments. Additionally, the Metals and Joining Centre of Excellence, opened in 2016 in , specializes in metallization, , and joining technologies for advanced ceramics and composites. These centers support bespoke application engineering, materials testing, and prototyping to meet customer-specific needs in demanding conditions. R&D efforts at Morgan Advanced Materials emphasize advanced ceramics, carbon composites, and thermal management solutions, particularly for and sectors. Key focus areas include developing materials that withstand extreme temperatures and enable in electronic components. A notable advancement is the (CVD) () technology, which provides superior thermal conductivity and purity for semiconductor processing equipment. In 2019, the company opened a dedicated site in , , to scale production of these high-performance materials. Sustainability drives much of the R&D portfolio, with innovations in materials that reduce and emissions in . For instance, advanced thermal ceramics and carbon solutions optimize furnace and support lower-carbon . These efforts align with broader goals, such as achieving net zero emissions by 2050. Morgan Advanced Materials invests heavily in partnerships with universities and institutions to tackle challenges in high-temperature applications and component . Collaborations, such as the ongoing work with Penn State researchers through the Carbon Centre of Excellence, have accelerated developments in and carbon technologies for emerging markets. In 2024, the company allocated £31.1 million to R&D across its global centers of excellence. Looking ahead, £35 million is planned for capacity investments over 2025-2026, with new capacity expected to be commissioned in 2026.

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  29. https://www.morganadvancedmaterials.com/media/zhbh54sj/investor-powerpoint-august-2024.pdf
  30. https://www.morganadvancedmaterials.com/en-gb/what-we-do/markets/growth-markets/
  31. https://www.morganadvancedmaterials.com/en-gb/what-we-do/innovation/
  32. https://www.morganadvancedmaterials.com/en-gb/news-and-events/news/news-archive/morgan-advanced-materials-launches-cutting-edge-carbon-science-centre-of-excellence-with-penn-state-university/
  33. https://www.morganadvancedmaterials.com/en-gb/being-responsible/governance/
  34. https://www.morganadvancedmaterials.com/media/zihpydbw/mam_ar23_online.pdf
  35. https://www.morganadvancedmaterials.com/en-gb/invest-in-us/our-directors/damien-caby/
  36. https://www.morganadvancedmaterials.com/en-gb/news-and-events/news/news-archive/ceo-succession/
  37. https://www.chemring.com/media/press-releases/2025/03-06-2025a
  38. https://www.morganadvancedmaterials.com/en-gb/invest-in-us/our-directors/
  39. https://www.morganadvancedmaterials.com/en-gb/invest-in-us/our-directors/jane-lodge/
  40. https://www.morganadvancedmaterials.com/en-gb/being-responsible/governance/board-and-committee-structure/
  41. https://www.morganadvancedmaterials.com/media/o2jh4gyk/morgan-ar-2021-web.pdf
  42. https://www.morganadvancedmaterials.com/en-gb/news-and-events/news/news-archive/morgan-center-of-excellence-for-carbon-science-research-opens-at-penn-state-university/
  43. https://www.morganadvancedmaterials.com/en-gb/who-we-are/purpose/
  44. https://www.morganadvancedmaterials.com/en-gb/being-responsible/esg-goals/
  45. https://www.morganadvancedmaterials.com/en-gb/being-responsible/people-and-communities/
  46. https://www.morganbrazealloys.com/en-gb/about-us/centre-of-excellence/our-centre-of-excellence-projects/
  47. https://www.morganthermalceramics.com/en-gb/about-us/innovation-and-technology/innovation-through-research-and-development/
  48. https://www.morgantechnicalceramics.com/en-gb/materials/cvd-silicon-carbide/
  49. https://www.morgantechnicalceramics.com/en-gb/about-us/history/
  50. https://www.morganadvancedmaterials.com/media/neimhhqf/sustainability-and-responsibility-report-2024.pdf
  51. https://www.morganperformancecarbon.com/en-gb/about-us/news/morgan-and-penn-state-university-collaboration-to-advance-silicon-carbide-innovation/
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