Announcement
Chamberlin PLC : Contract award for Scunthorpe foundry
RNS Number : 8839V
Chamberlin PLC
06 December 2019
AIM: CMH
6 December 2019
CHAMBERLIN PLC
("Chamberlin" or the "Company")
Contract award for Scunthorpe foundry
Chamberlin, the specialist castings and engineering group, is pleased to announce the award of a significant new order for Russell Ductile Castings Limited, Chamberlin's iron and steel casting foundry based in Scunthorpe. The new order is for the supply of flap valves for the construction of the Thames Tideway Tunnel.
The initial order is for £0.9 million and represents approximately 50% of the total value of the contract which is worth up to £1.8 million. Production of the valves will commence in the current financial year, although the full benefit of the order will be seen through 2020 and beyond.
Kevin Nolan, Chief Executive of Chamberlin commented:
"In securing this very material order it is pleasing to note that Russell Ductile Castings is one of only a few foundries based in the UK capable of producing the cross section of complex castings required for this project. This order will go a long way towards securing production at the Scunthorpe facility for the foreseeable future".
Enquiries
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Chamberlin plc Kevin Nolan, Chief Executive Neil Davies, Finance Director |
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T: 01922 707100
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Cenkos Securities plc (Nominated Adviser and Broker) Russell Cook Katy Birkin |
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T: 020 7397 8900 |
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KTZ Communications (Financial PR) Katie Tzouliadis Dan Mahoney |
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T: 020 3178 6378 |
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