RNS REACH
3 July
2024
James
Cropper plc
('James
Cropper', the 'Company' or the 'Group')
Publication of Infographics
James Cropper plc (AIM: CRPR), the
Advanced Materials and Paper & Packaging group, has published
two new infographics on its corporate website.
The first infographic provides an
overview of the Group's business model and investment case
including information about the Company's divisions, service
offering, target markets and strategic priorities. This can be
found
here.
The second infographic focuses on
the Advanced Materials division, specifically PEM electrolysers and
hydrogen, and can be found
here.
The Advanced Materials division
serves a diverse range of end markets including fuel cells, wind
energy, aerospace, defence and automotive. Within this division,
James Cropper has developed some of the most advanced coating
solutions for PEM electrolysers, extending operating life by 60%.
The PEM electrolyser market is anticipated to grow at a rate of 35%
per year over the next 12 years as governments aim to meet emission
reduction targets by delivering affordable clean hydrogen
production with PEM electrolysis considered the optimal source of
hydrogen generation.
Hydrogen could contribute to more
than 20% of annual global emissions reductions by 2050. James
Cropper is well-positioned to benefit from this trend as it
develops and manufactures the highest quality GDL substrate with
its products currently used in over 60,000 hydrogen fuel cells
globally. The global fuel cell market is forecast to grow 26%
per year from 2023 to 2030. The Group's strategic position
with four manufacturing and converting sites, including one in the
US, puts it in a strong position to take advantage of global fuel
cell market growth.
ENDS
Enquiries:
James Cropper plc
Andrew Goody, CFO
Stephen Adams, CEO
Tel: +44 (0)1539 818 202
Shore Capital - (Nominated Adviser
and Broker)
Daniel Bush, David Coaten, Henry
Willcocks, Lucy Bowden
Tel: +44 (0)207 408 4090
Buchanan Communications - Financial
PR
Chris Lane, Charles Ryland, Jamie
Hooper, Verity Parker
jamescropper@buchanancomms.co.uk
Tel: +44 (0) 207 466 5000
Notes for editors:
James Cropper is a market leader in
Advanced Materials and Paper Products, centred
around four
market audiences: Future Energy, Technical Fibres, Luxury
Packaging and Creative Papers.
A purpose-led business, built upon
six generations of the Cropper family, James Cropper has a 500+
international workforce and an operational reach in over 50
countries.
Established in 1845, the Group
manufactures creative papers, luxury packaging and advanced
materials incorporating pioneering non-wovens and electrochemical
coatings.
James Cropper is a specialist
provider of niche solutions tailored to a unique customer
specification, ranging from substrates and components in hydrogen
electrolysis and fuel cells to bespoke colours and textures in
paper and moulded fibre packaging designed to replace single use
plastics.
The Group operates across multiple
markets from luxury retail to renewable energy. It is renowned
globally for service, capability, pioneering and multi
award-winning commitment to the highest standards of
sustainability.
James Cropper's goal is to be
operationally net zero by 2030 and to reduce carbon through its
entire supply chain to net zero by 2050.