Chamberlin PLC Promoted to Category "A" supplier by IHI

TIDMCMH

Chamberlin PLC

29 June 2016

29 June 2016

AIM: CMH

CHAMBERLIN plc

("Chamberlin" or "the Company")

Wins

"Most Improved Supplier" Award

at

IHI Charging Systems International Conference

Chamberlin, the specialist castings and engineering group, is pleased to announce that its flagship foundry at Walsall was awarded "Most Improved Supplier" at a recent supplier conference held in Germany by IHI Charging Systems International, the provider of charging systems in the European turbocharger sector.

The award recognised Chamberlin's promotion to Category "A" supplier and makes the Company one of only two suppliers to IHI Europe Ltd ("IHI Europe") to hold this top supplier status. The re-categorisation is significant because it means that Chamberlin will now be automatically included in quoting for all future bearing housing opportunities in addition to supporting IHI Europe's technical requirements for the foreseeable future.

Currently, Chamberlin's Walsall operations supply over 1.6m parts to IHI Europe, worth approximately GBP7m per annum. The level of enquiries from IHI Europe has been increasing steadily as the foundry has improved its performance and now stands at an all-time high.

Kevin Nolan, Chief Executive of Chamberlin, commenting on the award said:

"We are delighted to receive this award from one of our major customers, IHI Europe. Our flagship foundry at Walsall has successfully completed a period of significant transition as we have upgraded and improved processes. Walsall's promotion to Category "A" supplier to IHI Europe is significant, making the foundry one of only two suppliers to hold this top status. It also open up new opportunities, with Walsall now being automatically eligible for tending on all future bearing housing opportunities.

Our recent initiative to develop Walsall's machining capability will support the foundry's ongoing growth and we look forward to building our existing strong relationship with IHI Europe."

Enquiries:

 
 Chamberlin plc (www.chamberlin.co.uk)   T: 01922 707100 
 Kevin Nolan, Chief Executive 
 David Roberts, Finance 
  Director 
 
 Panmure Gordon (UK) Limited             T: 020 7886 2500 
 (Nominated Adviser and 
  Broker) 
 Adam James, Peter Steel 
 
 KTZ Communications                      T: 020 3178 6378 
 Katie Tzouliadis, Viktoria 
  Langley, Emma Pearson 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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June 29, 2016 02:01 ET (06:01 GMT)