Surface Transforms (SCE): Interim results
SCE interims, yesterday, reported a loss, so the chairman’s statement of “considerable strategic progress” is notable. We concur. The automotive brake market is strong, all the more so in SCE’s market of carbon ceramic discs. SCE’s order book since end-2020 is up nearly six-fold and it makes an explicit statement as to supportive customers and prospects for more orders. Capital investment is in place and operational for our 2023 sales estimates, and there is clear line of sight for £50m p.a. capacity during 2024, with spending already started on the next rise to £75m p.a.Surface Transforms is a developer and manufacturer of carbon ceramic products for the brakes market. Co. is engaged in the design, manufacture and sell carbon fiber components. Co.'s products in the automotive industry are lightweight, durable and refined, providing heat dissipation and material strength. In the aerospace industry, Co.'s products provideweight reduction, improved brake performance and wear life. Co's research activities are concentrated on the ongoing identification of new products and applications for carbon fibre reinforced ceramic friction and non-friction materials.
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