Announcement
Chamberlin PLC : Contract Award
RNS Number : 2477X
Chamberlin PLC
04 January 2022
4 January 2022
AIM: CMH
CHAMBERLIN PLC
("Chamberlin" or "the Company" or "the Group")
Contract award for Russell Ductile Castings Limited
Chamberlin, the specialist castings and engineering group, is pleased to announce the award of a significant new order for Russell Ductile Castings Limited ("RDC"), Chamberlin's iron and steel casting foundry based in Scunthorpe. The new order is for components used in the construction of a major London based infrastructure project.
The order value is £0.8 million and will be completed during the calendar year 2022. Production of the components is expected to commence in February 2022 and the Board expects RDC's Q4 performance to benefit from the increased revenues.
This important order strengthens the Company's order book for the current financial year and is a direct result of RDC's strategy to focus on its class leading manufacturing competency for large, complex castings and aggressively pursuing growth opportunities within the infrastructure, environmental and renewable energy markets.
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