13/3/01 Morgan Crucible report a strong set of results in their 2000 preliminary announcement.

Commenting on the results, Ian Norris, Group Chief Executive, said: "After the major business restructuring and disposal programme of the last two years, Morgan has emerged in strong shape to face the future. More than 50% of Group turnover now comes from businesses which grew organically at more than 5% last year and our strategic entry into the magnetics market in 1999 with the acquisition of Vacuumschmelze has been particularly successful. The balance between growth and mature businesses within our portfolio has clearly improved and assuming no significant worsening in the current rate of slowdown across a number of sectors in the United States, we shall demonstrate continued progress in 2001."