TCN Tricorn Group Plc

TIDMTCN

RNS Number : 8037O

Tricorn Group PLC

10 November 2016

10 November 2016

Tricorn Group Plc

("Tricorn" or the "Group")

Business Award

Tricorn Group plc (AIM: TCN.L), the AIM listed tube manipulation specialist announces that its USA operation, Franklin Tubular Products which is part of the Group's Transportation Division has been awarded business by Volvo Group Truck Operations that is expected to generate additional revenue of $3.5m (GBP2.80m) over a 4-year period. Initial revenues from Volvo are expected to commence before the end of the current financial year.

David Leakey, Sales Director of Tricorn, commented: "We are establishing a growing reputation for outstanding operational performance and I am delighted that our USA company has been able to secure this important business for the Group."

The Group's interim results are expected to be announced on 7 December 2016.

For further information please contact:

 
 Tricorn Group plc 
 Mike Welburn, Chief Executive        Tel +44 (0)1684 569956 
 Phil Lee, Group Finance Director         www.tricorn.uk.com 
 
 Stockdale Securities Limited 
 Tom Griffiths                      Tel + 44 (0)20 7601 6100 
  Henry Willcocks 
 

Notes to Editors:

Tricorn is a value added manufacturer and specialist manipulator of pipe and tubing assemblies to niche markets worldwide in the Energy and Transportation sectors.

Headquartered in Malvern, UK, Tricorn employs around 300 employees, has 4 manufacturing facilities in China, USA and UK. It operates through four brands: Franklin Tubular Products, Malvern Tubular Components, Maxpower Automotive and Minguang-Tricorn Tubular Products.

This information is provided by RNS

The company news service from the London Stock Exchange

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