Executive Summary

Morgan Crucible Co. (LON:MGCR) is an industrial components manufacturer and supplier. Until recently, the company consisted of five divisions; Carbon, Technical Ceramics, Thermal Ceramics, Molten Metal Systems and NP Aerospace. It has recenlty announced a rationalisation of these business units into two divisions, Morgan Ceramics and Morgan Engineered Materials. Morgan Crucible's product range includes graphite powder for the synthetic diamonds industry, body armour, aerospace components, medical implants, heat insulation products, furnaces, and crucibles. In 2009, the company earned revenue of £391.4m and it made an operating profit of £60.7m.

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