Chamberlin PLC Contract award for Scunthorpe foundry (8839V)
December 06 2019 - 1:00AM
UK Regulatory
TIDMCMH
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 GBP0.9 million and represents
approximately 50% of the total value of the contract which is worth
up to GBP1.8 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
Chamberlin plc T: 01922 707100
Kevin Nolan, Chief Executive
Neil Davies, Finance Director
Cenkos Securities plc (Nominated Adviser T: 020 7397 8900
and Broker)
Russell Cook
Katy Birkin
KTZ Communications (Financial PR) T: 020 3178 6378
Katie Tzouliadis
Dan Mahoney
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contact rns@lseg.com or visit www.rns.com.
END
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