Ukrainian refugee and engineer Ivan Semenenko founded Matcon with Sir John Aird in 1980 after designing a valve that evenly distributed powder from a container. Now it makes machinery so firms in sectors including pharmaceuticals and food can safely transport powders, fluids and other materials. Run by managing director Charles Lee from the company’s headquarters in Evesham in Worcestershire, Matcon has offices in nine countries and says it has grown after investment in its product-development facilities. Profits grew by 56% a year, from £986,000 in 2007 to £3.7m in 2010.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.