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ZRX Zirax

1.125
0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Zirax LSE:ZRX London Ordinary Share GB00B0T9VS23 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.125 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Moscow De-icing Contract

25/09/2008 7:01am

UK Regulatory


    RNS Number : 2569E
  Zirax PLC
  25 September 2008
   



    Zirax plc 
    ("Zirax" or the "Company")

    Second Moscow De-Icing Contract Win


    Zirax plc ("Zirax" or the "Company"), the AIM quoted speciality chemical company focused on the development, production and sale of
oilfield process chemicals and de-icing solutions is pleased to announce that it has won a second contract this year to supply an additional
8,000 Metric Tonnes ('MT') of calcium chloride based de-icers to Moscow City Council for its 2008/09 winter season. 

    In June 2008, Zirax announced that it had won a contract to supply 15,000 MT to Moscow City Council, which together with today's
announcement means the Company will supply the council with 23,000 MT during the upcoming winter season, representing $6.6m in revenues.
This is a 5,000 MT reduction in sales compared to the winter season 2007/08 in Moscow. 

    The Company is delighted to be supplying its de-icing products to Moscow for a sixth consecutive year. Zirax's de-icing products are
more efficient, as they penetrate the ice quicker than most other de-icers, melting ice and snow at temperatures up to -35° Celsius, and
better meets the environmental concerns of governments and local authorities, such as Moscow City Council, because of the significantly
smaller quantities required to achieve better results. 

    Zirax continues to pursue other de-icing opportunities, and as announced earlier this month, signed an agreement with Bucharest City
Council to increase the supply of product following successful trials in Romania last year. 


    Commenting on this announcement, Valery Andosov, Chief Executive of Zirax said: 

    "We are delighted that Moscow City Council has awarded us this second contract to supply them with Zirax's value added de-icing product,
IceMelt*. Moscow still remains an important account for Zirax and we look forward to continuing our working relationship with the council."

    About Zirax
    Zirax is a speciality chemical company manufacturing and supplying oilfield process chemicals and de-icing solutions to a global
customer base. Zirax is the second largest supplier of calcium chloride pellets globally and the leading supplier in the Eastern Hemisphere.
Zirax is quoted on AIM section of the London Stock Exchange (ticker: ZRX), is headquartered in London and has supply sources based in
Western Europe and Russia. More information is available at http://www.zirax.com

    Enquiries:

    Zirax                                                Valery Andosov, CEO                            T: +7 (495) 730 9559
                                                Fenlon Dunphy, CFO                             T: +44 (0)20 7868 1694

    Hanson Westhouse Limited                 Tim Metcalfe                                          T: +44 (0)20 7601 6100
                                                            Richard Baty

    Metropol (UK) Limited                      Alexander Selegenev                             T: +44 (0)20 7439 6880

    Cardew Group                                 Tim Robertson                                       T: +44 (0)20 7930 0777
                                                            David Roach
                                                            Daniela Cormano





This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
MSCSESFWLSASESU

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