- Business
- Goodwin PLC, a majority family-owned engineering group founded in 1883 and headquartered at Ivy House Foundry in Stoke-on-Trent, United Kingdom, specializes in the design, manufacture, and supply of advanced mechanical and refractory engineering products and solutions to global markets including the United Kingdom, rest of Europe, United States, Pacific Basin, and rest of world. The Mechanical Engineering Division produces high-integrity precision machined castings up to 40 tonnes, dual plate check valves, axial nozzle check valves, axial piston control and isolation valves, submersible slurry pumps, air traffic control and surveillance radar systems, and advanced polyimide resins and components for mission-critical applications in defence (including naval frigates, submarines, and AUKUS programs), nuclear decommissioning (such as self-shielded boxes for Sellafield), aerospace, mining, oil and gas, LNG projects, water, and power generation sectors; the Refractory Engineering Division manufactures investment casting powders, injection moulding rubbers and waxes, exfoliated vermiculite, perlite, fire-stopping mortars (Firecrete brand), vermiculite-based fire extinguishers and extinguishing agents (Lithex and AVD for lithium-ion battery fires), and fire blankets for jewellery, aerospace, automotive, tyre moulds, horticultural, insulation, and fire protection industries. Subsidiaries operate in over ten countries with vertically integrated operations including Goodwin Steel Castings, Goodwin International, Noreva GmbH (Germany), Duvelco (advanced polyimides), Easat Radar Systems, Goodwin Pumps India, and refractory entities in China, India, and Thailand such as Hoben International and Dupré Minerals. Recent developments include record trading profits of £35.5 million on £220 million revenue for the year ended April 30, 2025 (up 47% and 15% respectively), significant LNG valve contracts worth over $15 million for Noreva GmbH, patent award and commercial launch preparations for Duvelco's polyimide materials (with new CNC powder presses and expanded facility in Germany, showcased at Paris Air Show), full operation of a new 76,000 square foot investment powder facility in India, expanded in-house production and BSI certification for vermiculite fire extinguishers in the UK, 38% sales growth in Firecrete mortars post-Grenfell regulations, workforce of approximately 1,144 employees, FTSE 250 status, reduced net debt to £13.6 million (gearing 9.9%), and a proposed dividend increase to 280 pence per share (111% rise) reflecting amended policy targeting 58% of post-tax profits plus depreciation.